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PYPL   64.03 (+0.82%)
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BABA   69.79 (-1.18%)
T   16.07 (-1.05%)
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MU   121.21 (-0.13%)
GE   155.45 (+1.14%)
CGC   6.96 (-0.29%)
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Macy's (M) Stock Price, News & Analysis

$19.00
+0.11 (+0.58%)
(As of 12:27 PM ET)
Today's Range
$18.63
$19.02
50-Day Range
$17.44
$21.53
52-Week Range
$10.54
$22.10
Volume
1.41 million shs
Average Volume
8.11 million shs
Market Capitalization
$5.21 billion
P/E Ratio
51.35
Dividend Yield
3.63%
Price Target
$17.45

Macy's MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.7% Downside
$17.45 Price Target
Short Interest
Healthy
6.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.95
Upright™ Environmental Score
News Sentiment
0.54mentions of Macy
Based on 12 Articles This Week
Insider Trading
Selling Shares
$4.41 M Sold Last Quarter
Proj. Earnings Growth
-1.17%
From $2.57 to $2.54 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.40 out of 5 stars

Retail/Wholesale Sector

95th out of 198 stocks

Department Stores Industry

3rd out of 4 stocks

M stock logo

About Macy's Stock (NYSE:M)

Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.

M Stock Price History

M Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Macy's, Inc. (NYSE:M) SVP Sells $60,656.67 in Stock
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Macy's Names Two Arkhouse Nominees to Board
Arkhouse Issues Statement on Settlement with Macy's
StockNews.com Begins Coverage on Macy's (NYSE:M)
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Today
4/16/2024
Next Earnings (Estimated)
6/06/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Department stores
Sub-Industry
Department Stores
CUSIP
55616P10
Employees
85,581
Year Founded
1858

Price Target and Rating

Average Stock Price Target
$17.45
High Stock Price Target
$25.00
Low Stock Price Target
$10.00
Potential Upside/Downside
-7.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
9 Analysts

Profitability

Net Income
$105 million
Pretax Margin
0.52%

Debt

Sales & Book Value

Annual Sales
$23.09 billion
Cash Flow
$6.73 per share
Book Value
$15.10 per share

Miscellaneous

Free Float
270,103,000
Market Cap
$5.18 billion
Optionable
Optionable
Beta
2.15

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M Stock Analysis - Frequently Asked Questions

Should I buy or sell Macy's stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" M shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in M, but not buy additional shares or sell existing shares.
View M analyst ratings
or view top-rated stocks.

What is Macy's' stock price target for 2024?

9 equities research analysts have issued twelve-month target prices for Macy's' shares. Their M share price targets range from $10.00 to $25.00. On average, they predict the company's share price to reach $17.45 in the next year. This suggests that the stock has a possible downside of 7.7%.
View analysts price targets for M
or view top-rated stocks among Wall Street analysts.

How have M shares performed in 2024?

Macy's' stock was trading at $20.12 at the beginning of the year. Since then, M shares have decreased by 6.0% and is now trading at $18.91.
View the best growth stocks for 2024 here
.

Are investors shorting Macy's?

Macy's saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 18,080,000 shares, an increase of 5.4% from the February 14th total of 17,160,000 shares. Based on an average daily volume of 10,000,000 shares, the short-interest ratio is presently 1.8 days. Approximately 6.6% of the shares of the company are sold short.
View Macy's' Short Interest
.

When is Macy's' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our M earnings forecast
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) posted its quarterly earnings results on Tuesday, February, 27th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.47. The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. Macy's had a trailing twelve-month return on equity of 23.34% and a net margin of 0.45%. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 earnings per share.

How often does Macy's pay dividends? What is the dividend yield for Macy's?

Macy's announced a quarterly dividend on Friday, February 23rd. Stockholders of record on Friday, March 15th will be given a dividend of $0.1737 per share on Monday, April 1st. This represents a $0.69 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for M
.

Is Macy's a good dividend stock?

Macy's (NYSE:M) pays an annual dividend of $0.69 per share and currently has a dividend yield of 3.60%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 186.49%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, M will have a dividend payout ratio of 27.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

What guidance has Macy's issued on next quarter's earnings?

Macy's issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 0.100-0.160 for the period, compared to the consensus EPS estimate of 0.460. The company issued revenue guidance of $4.7 billion-$4.9 billion, compared to the consensus revenue estimate of $4.9 billion.

What is Jeff Gennette's approval rating as Macy's' CEO?

2,528 employees have rated Macy's Chief Executive Officer Jeff Gennette on Glassdoor.com. Jeff Gennette has an approval rating of 62% among the company's employees. This puts Jeff Gennette in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Macy's own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Macy's investors own include AT&T (T), General Electric (GE), Intel (INTC), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Bank of America (BAC), Ford Motor (F), Walt Disney (DIS) and Tesla (TSLA).

Who are Macy's' major shareholders?

Macy's' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Douglas Lane & Associates LLC (0.73%), IMC Chicago LLC (0.00%), Alaska Permanent Fund Corp (0.05%), Syquant Capital Sas (0.03%), Atlas Capital Advisors LLC (0.01%) and Gateway Investment Advisers LLC (0.01%). Insiders that own company stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper and Paul Griscom.
View institutional ownership trends
.

How do I buy shares of Macy's?

Shares of M stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Macy's have any subsidiaries?
The following companies are subsidiares of Macy's: (Hong Kong) Limited, Advertex Communications Inc., Bloomingdale's LLC, Bloomingdales.com LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Limited, Macys.com LLC, Macy’s Backstage Inc., Macy’s Corporate Services LLC, Macy’s Credit Operations Inc., Macy’s Credit and Customer Services Inc., Macy’s Inventory Funding LLC, Macy’s Inventory Holdings LLC, Macy’s Merchandising Corporation, Macy’s Merchandising Group (Hong Kong), Macy’s Merchandising Group Inc., Macy’s Merchandising Group International, Macy’s Merchandising Group International LLC, Macy’s Merchandising Group Procurement LLC, Macy’s Propco Holdings LLC, Macy’s Puerto Rico Inc., Macy’s Retail Holdings LLC, Macy’s Systems and Technology Inc., May Department Stores Company, STORY, and West 34th Street Insurance Company New York.
Read More
This page (NYSE:M) was last updated on 4/16/2024 by MarketBeat.com Staff

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