Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico. It also operated macys.com, bloomingdales.com, and bluemercury.com. In addition, the company offers licenses for its stores; and operates a beauty products and spa retailer under the bluemercury name. 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 Cincinnati, Ohio.
Industry, Sector and Symbol
Industry Department stores
Sub-IndustryDepartment Stores
SectorRetail/Wholesale
Phone513-579-7000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$24.97 billion
Profitability
Miscellaneous
Employees130,000
Next Earnings Date8/21/2019 (Estimated)
OptionableOptionable
Macy's (NYSE:M) Frequently Asked Questions
What is Macy's' stock symbol?
Macy's trades on the New York Stock Exchange (NYSE) under the ticker symbol "M."
How often does Macy's pay dividends? What is the dividend yield for Macy's?
Macy's announced a quarterly dividend on Friday, May 17th. Shareholders of record on Friday, June 14th will be given a dividend of $0.3775 per share on Monday, July 1st. This represents a $1.51 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date of this dividend is Thursday, June 13th. View Macy's' Dividend History.
How were Macy's' earnings last quarter?
Macy's Inc (NYSE:M) posted its quarterly earnings results on Wednesday, May, 15th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.33 by $0.11. The business earned $5.50 billion during the quarter, compared to analysts' expectations of $5.52 billion. Macy's had a net margin of 4.43% and a return on equity of 20.66%. The firm's revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. View Macy's' Earnings History.
When is Macy's' next earnings date?
What guidance has Macy's issued on next quarter's earnings?
Macy's issued an update on its FY20 earnings guidance on Wednesday, May, 15th. The company provided EPS guidance of $3.05-3.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.08. The company issued revenue guidance of flat from $24.97 billion, compared to the consensus revenue estimate of $24.97 billion.
What price target have analysts set for M?
19 brokerages have issued 1 year price objectives for Macy's' shares. Their predictions range from $5.25 to $39.00. On average, they anticipate Macy's' share price to reach $26.1167 in the next year. This suggests a possible upside of 24.3% from the stock's current price. View Analyst Price Targets for Macy's.
What is the consensus analysts' recommendation for Macy's?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 3 sell ratings, 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macy's.
Has Macy's been receiving favorable news coverage?
News coverage about M stock has trended positive on Sunday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macy's earned a coverage optimism score of 2.5 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
Are investors shorting Macy's?
Macy's saw a decline in short interest during the month of April. As of April 15th, there was short interest totalling 36,239,675 shares, a decline of 10.2% from the March 29th total of 40,354,667 shares. Based on an average daily volume of 8,231,985 shares, the days-to-cover ratio is presently 4.4 days. Currently, 11.8% of the shares of the stock are sold short. View Macy's' Current Options Chain.
Who are some of Macy's' key competitors?
Some companies that are related to Macy's include Burlington Stores (BURL), Kohl's (KSS), Harvey Norman (HVN), Marks and Spencer Group (MKS), Dillard's (DDS), Hudson's Bay (HBC), Briscoe Group (BGP), Myer (MYR), J C Penney (JCP), McColl's Retail Group (MCLS), Sears Hometown and Outlet Stores (SHOS), Aumake International (AU8), Debenhams (DEB), Laura Ashley (ALY) and Bon-Ton Stores (BONT).
What other stocks do shareholders of Macy's own?
Who are Macy's' key executives?
Macy's' management team includes the folowing people:
- Mr. Jeffrey Gennette, Chairman & CEO (Age 58)
- Mr. Harry A. Lawton III, Pres (Age 45)
- Ms. Paula A. Price, CFO & Exec. VP (Age 58)
- Ms. Elisa D. Garcia C., Chief Legal Officer, Exec. VP & Sec. (Age 61)
- Ms. Danielle L. Kirgan, Chief HR Officer & Exec. VP (Age 43)
Who are Macy's' major shareholders?
Macy's' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.78%), AQR Capital Management LLC (4.78%), American International Group Inc. (3.73%), Dimensional Fund Advisors LP (2.78%), Northern Trust Corp (1.57%) and Geode Capital Management LLC (1.56%). Company insiders that own Macy's stock include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Francis S Blake, Harry A Lawton III, Jeffrey Gennette, John A Bryant, Joyce M Roche, Karen M Hoguet, Marna C Whittington and William H Lenehan. View Institutional Ownership Trends for Macy's.
Which major investors are selling Macy's stock?
M stock was sold by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ , AQR Capital Management LLC, Robeco Institutional Asset Management B.V., FMR LLC, JPMorgan Chase & Co., Morgan Stanley, Wellington Management Group LLP and American International Group Inc.. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Harry A Lawton III and Joyce M Roche. View Insider Buying and Selling for Macy's.
Which major investors are buying Macy's stock?
M stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, OppenheimerFunds Inc., SG Americas Securities LLC, Dimensional Fund Advisors LP, Bridgewater Associates LP, Natixis, BlueMountain Capital Management LLC and Alps Advisors Inc.. Company insiders that have bought Macy's stock in the last two years include Francis S Blake, Jeffrey Gennette, John A Bryant and William H Lenehan. View Insider Buying and Selling for Macy's.
How do I buy shares of Macy's?
Shares of M can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Macy's' stock price today?
One share of M stock can currently be purchased for approximately $21.01.
How big of a company is Macy's?
Macy's has a market capitalization of $6.46 billion and generates $24.97 billion in revenue each year. The company earns $1.11 billion in net income (profit) each year or $4.18 on an earnings per share basis. Macy's employs 130,000 workers across the globe.
What is Macy's' official website?
How can I contact Macy's?
Macy's' mailing address is 7 West Seventh Street, Cincinnati OH, 45202. The company can be reached via phone at 513-579-7000.
MarketBeat Community Rating for Macy's (NYSE M)
MarketBeat's community ratings are surveys of what our community members think about Macy's and other stocks. Vote "Outperform" if you believe M will outperform the S&P 500 over the long term. Vote "Underperform" if you believe M will underperform the S&P 500 over the long term. You may vote once every thirty days.
