Macy’s Stock Gains On News Of Kohl’s Takeover Offer

Macy’s is one of the largest and oldest retail chains in the United States that was founded in 1858 by Rowland Hussey Macy. Today, the company’s worth is moving forward with an oscillation of 6% to $24.41. According to the latest reports, the corporation has been encouraged to split its e-commerce from regular stores. During the pandemic, department stores as a category came under pressure. In the 3rd quarter of 2021, the company’s revenues exceeded expectations. On February 22, 2022, the company plans to publish earnings for the 4th quarter of 2021. Meanwhile, let’s see what analysts predict.

Macy's

Furthermore, Macy’s is on focus among investors today. According to analysts, the current consensus regarding the target price of M shares is $35.37 per share. And over the past 2 months, its profit has increased by 1.5% for the current year. The latest information, Macy’s Inc. has 7,584,710 million outstanding shares and a total market cap of $7.20 billion. The price of M stock has been discovered to be between $24.01 and $25.10