Shares of Macy’s, Inc. (NYSE:M) traded at a new 52-week high today of $25.44. This new high was reached on below average trading volume as 9 million shares traded hands, while the average 30-day volume is approximately 21.4 million shares.
Founded in 1858, Macy’s operates nearly 600 stores under the Macy’s brand, 56 stores under the Bloomingdale’s brand, and about 160 freestanding Bluemercury specialty beauty stores. Macy’s also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale’s stores in the United Arab Emirates and Kuwait. Women’s apparel, accessories, shoes, cosmetics, and fragrances constituted 58% of Macy’s 2020 sales. The retailer recently consolidated its headquarters in New York City.
Based on a current price of $24.74, Macy’s, Inc. is currently 864.3% above its average consensus analyst price target of $-189.08.
Macy’s, Inc. share prices have moved between a 52-week high of $25.44 and a 52-week low of $5.57 and are now trading 344% above that low price at $24.74 per share.
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