Why Macy's, Kohl's, and Gap Jumped Today [The Motley Fool]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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US:NYSE Investor Relations:
macysinc.com/ir
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Source: The Motley Fool
What happenedShares ofMacy's(NYSE:MKohl'sNYSE:KSSGapNYSE:GPSFederal ReserveWhile these programs don't appear to directly support larger corporations such as Macy's, Kohl's, and Gap, investors were nonetheless assuaged by the move as it should help grease the economy in the near term, allowing consumers to spend more, and make the recovery smoother once coronavirus concerns begin to fade away.Macy's stock closed up %; Kohl's finished .6% higher, and Gap increased .8%.Image source: Getty Images.So whatThe announcement from the Fed was enough to overcome another dismal initial unemployment claims report that showed another 6.6 million Americans filed for unemployment last week, bringing the total to more than 6 million over the last three weeks, or roughly 0% U.S. of the U.S labor force. That's a sign of the dire economic crisis that has emerged in the wake of the coronavirus outbreak.Macy's, Kohl's, and Gap have all responded to the crisis with drastic steps, closing stores, furloughing
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M
News
- Macy's (NYSE:M) had its "cautious" rating reaffirmed by analysts at Evercore ISI.MarketBeat
- Macy's (NYSE:M) had its price target raised by analysts at Morgan Stanley from $20.00 to $21.00. They now have an "equal weight" rating on the stock.MarketBeat
- Macy's Posts Earnings Beat, but Consumers Are ‘Choiceful' Heading Into Holiday [Yahoo! Finance]Yahoo! Finance
- Macy's (NYSE:M) had its "positive" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Macy's (NYSE:M) had its price target raised by analysts at Citigroup Inc. from $19.00 to $24.00. They now have a "neutral" rating on the stock.MarketBeat
M
Earnings
- 12/3/25 - Beat
M
Sec Filings
- 12/3/25 - Form 8-K/A
- 12/3/25 - Form 8-K
- 11/5/25 - Form SCHEDULE
- M's page on the SEC website