Macy's traded at $23.43 this Wednesday July 1st, decreasing $0.12 or 0.51 percent since the previous trading session. Looking back, over the last four weeks, Macy's lost 8.12 percent. Over the last 12 months, its price rose by 87.74 percent. Looking ahead, we forecast Macy's to be priced at 25.42 by the end of this quarter and at 23.87 in one year, according to Trading Economics global macro models projections and analysts expectations.
Macy's, Inc. is an omnichannel retail company operating stores, Websites and mobile applications under three brands, such as Macy's, Bloomingdale's and bluemercury. The Company sell a range of merchandise, including apparel and accessories (men's, women's and kid's), cosmetics, home furnishings and other consumer goods. Its subsidiaries provide various support functions to its retail operations. Its bank subsidiary, FDS Bank, provides certain collections, customer service and credit marketing services in credit card accounts that are owned either by Department Stores National Bank (DSNB), a subsidiary of Citibank, N.A., or FDS Bank. The other subsidiaries, which provides support functions to its retail operations include Macy's Systems and Technology, Inc. (MST), Macy's Merchandising Group, Inc. (MMG) and its subsidiary and Macy's Logistics and Operations (Macy's Logistics). The private label brands offered by the Company include Alfani, Aqua, Bar III, Belgique and many others.