Macy's Inc (M): Today's Featured Services Winner

Macy's (M) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 1.7%. By the end of trading, Macy's rose 54 cents (1.5%) to $37.16 on average volume. Throughout the day, 4.8 million shares of Macy's exchanged hands as compared to its average daily volume of 5.9 million shares. The stock ranged in a price between $36.26-$37.21 after having opened the day at $36.75 as compared to the previous trading day's close of $36.61. Other companies within the Services sector that increased today were: Westinghouse Solar (WEST), up 27.2%, TOP Ships (TOPS), up 22.9%, FreeSeas (FREE), up 17.2%, and American Reprographics Company (ARP), up 15.8%.

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its retail stores and Internet Web sites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. Macy's has a market cap of $14.9 billion and is part of the retail industry. The company has a P/E ratio of 11.8, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 12.1% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Macy's a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

• You can view the full Macy's Ratings Report.

On the negative front, Willdan Group (WLDN), down 10.8%, QKL Stores (QKLS), down 8.7%, J.C. Penney (JCP), down 8.6%, and Luna Innovations (LUNA), down 7.7%, were all losers within the services sector with American Eagle Outfitters (AEO) being today's services sector loser.

• Use our services section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services (IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers (SCC).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Macy's Inc click any of the following:

• Macy's Inc Stock Price

• Macy's Inc Analyst Ratings

• Macy's Inc Key Stats & Profile

• Macy's Inc Earnings

• Macy's Inc Ratio Comparison

• Macy's Inc Growth Rates

• Macy's Inc Balance Sheet

• Macy's Inc Cash Flow

• Macy's Inc Income Statement