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J.C. Penney and Macy’s, Inc. (NYSE:M) opposed U.S. President proposal to include apparel & footwear among Chinese goods targeted for tariffs

By on June 24, 2019 0

Department store operators J.C. Penney Co Inc and Macy’s, Inc. (NYSE:M) have opposed U.S. President Donald Trump’s proposal to include apparel and footwear among the Chinese goods targeted for tariffs. The companies warned that U.S. consumers would have to pay more as they would not be able to quickly shift sourcing from China for items listed in separate letters dated June 17 and posted online to the U.S Trade Representative. The retailer listed 26 items, ranging from women’s pullovers to Christmas ornaments, and stressed that women would be hurt disproportionately by the proposed tariffs.

Technical Stock Analysis 

Macy’s, Inc. (NYSE:M), a Services sector firm, traded 9.15 Million shares in last trading session and stock added 1.73% with closing price of $22.30 per share. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and Macy’s, Inc. (NYSE:M)’s gross margin stands at 40.80%.

Investment Worthy Stock or not? 

For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the purpose of comparing a Macy’s, Inc. (NYSE:M)’s profitability or to compare the efficiency of different investments, hence, M return on investment (ROI) is 11.40%. 

52-Week Range 

52-Week Range are valuable stats for watching Macy’s, Inc. (NYSE:M)’s past year fluctuation as that gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range. Macy’s, Inc. (NYSE:M)’s stock value has moved between $20.09 – 42.08 in last one year. 

Analyst’s Views 

Analysts mean target price for Macy’s, Inc. (NYSE:M) is $23.54 while analysts mean recommendation is 3.10. 

Stock Performance 

Its weekly performance is 3.43% while year to date (YTD) performance is -25.12%. 

EPS Growth

Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. It gives a good picture of the rate at which a company has grown its profitability. Macy’s, Inc. (NYSE:M)’s EPS growth this year is 9.50%. For best decision making investors should look at Macy’s, Inc. (NYSE:M)’s EPS growth for next year stands at -5.06%. 

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