Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com. The company also operates as a beauty products and spa retailer. 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
Stock Exchange NYSE
Industry Department stores
Sub-IndustryDepartment Stores
SectorRetail/Wholesale
SymbolNYSE:M
CUSIP55616P10
Phone513-579-7000
Debt
Debt-to-Equity Ratio0.93
Current Ratio1.53
Quick Ratio0.43
Price-To-Earnings
Trailing P/E Ratio8.53
Forward P/E Ratio8.16
P/E Growth0.97
Sales & Book Value
Annual Sales$24.84 billion
Price / Sales0.40
Cash Flow$6.8401 per share
Price / Cash4.69
Book Value$18.59 per share
Price / Book1.73
Profitability
EPS (Most Recent Fiscal Year)$3.77
Net Income$1.55 billion
Net Margins6.65%
Return on Equity23.55%
Return on Assets6.53%
Miscellaneous
Employees130,000
Outstanding Shares306,970,000
Market Cap$9.93 billion
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 declared a quarterly dividend on Friday, August 24th. Investors of record on Friday, September 14th will be given a dividend of $0.3775 per share on Monday, October 1st. This represents a $1.51 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Thursday, September 13th. View Macy's' Dividend History.
How were Macy's' earnings last quarter?
Macy's Inc (NYSE:M) released its quarterly earnings results on Wednesday, August, 15th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.50 by $0.20. The firm earned $5.57 billion during the quarter, compared to analyst estimates of $5.55 billion. Macy's had a net margin of 6.65% and a return on equity of 23.55%. Macy's's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. 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 updated its FY19 earnings guidance on Wednesday, August, 15th. The company provided earnings per share guidance of $3.95-4.15 for the period, compared to the Thomson Reuters consensus estimate of $3.87. The company issued revenue guidance of +0.0-0.7% to ~$24.84-25.02 billion, compared to the consensus revenue estimate of $24.87 billion.
What price target have analysts set for M?
20 brokers have issued 12 month price objectives for Macy's' stock. Their forecasts range from $9.50 to $43.00. On average, they expect Macy's' share price to reach $33.3438 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price. View Analyst Price Targets for Macy's.
What is the consensus analysts' recommendation for Macy's?
20 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macy's.
What are Wall Street analysts saying about Macy's stock?
Here are some recent quotes from research analysts about Macy's stock:
- 1. According to Zacks Investment Research, "Shares of Macy’s have surged and outpaced the industry in a year, courtesy to slew of measures undertaken to adapt to the dynamic retail landscape. The company remains focused on price, merchandising, private label brands, technology and omnichannel capabilities. These efforts aided the company to post impressive second-quarter fiscal 2018 results, wherein the bottom line beat the consensus estimate and grew year over year. Management highlighted that upbeat performance across Macy’s, Bloomingdale’s and Bluemercury brands favorably impacted the results. However, net sales fell short of the consensus mark and slid year over year. But this did not deter management from lifting sales and earnings view for full year on the back of strategic efforts, solid execution and higher consumer spending environment. Nonetheless, analysts pointed that strategic investments in long term endeavors may put pressure on margins." (10/15/2018)
- 2. Cowen Inc analysts commented, "We update Discovery (DISCA, Neutral, $24 PT) estimates for the recent international PGA Tour deal, and as a follow up to recent earnings. Overall, our core OIBDA estimates don’t move much. We want to like the novel PGA partnership, but see the initial take of minimal impact to the P&L in the initial years as arguing for a wait and see approach. Our core stance on Discovery’s equity remains one of benign consternation. Discovery, we believe, is executing pretty well in a secularly challenged cable network sector that investors seem to basically hate at the moment. Its FCF valuation looks way too cheap. But we don’t know what prompts a re-rating at this point." (6/7/2018)
- 3. Guggenheim analysts commented, "We remain BUY-rated and raise our PT to $36 (from $32)." (5/16/2018)
Are investors shorting Macy's?
Macy's saw a increase in short interest in September. As of September 28th, there was short interest totalling 41,543,033 shares, an increase of 0.2% from the September 14th total of 41,623,029 shares. Based on an average daily trading volume, of 5,717,332 shares, the days-to-cover ratio is presently 7.3 days. Approximately 13.6% of the shares of the stock are short sold. View Macy's' Current Options Chain.
Who are some of Macy's' key competitors?
Some companies that are related to Macy's include Kohl's (KSS), Burlington Stores (BURL), Marks and Spencer Group (MKS), Harvey Norman (HVN), Dillard's (DDS), Hudson's Bay (HBC), LIVEPOL/BRSH MXN (ELPQF), Hudson's Bay (HBAYF), J C Penney (JCP), Myer (MYR), Debenhams (DEB), McColl's Retail Group (MCLS), Sears Hometown and Outlet Stores (SHOS), Sears (SHLD) and Aumake International (AU8).
Who are Macy's' key executives?
Macy's' management team includes the folowing people:
- Mr. Jeffrey Gennette, Chairman & CEO (Age 57)
- Mr. Harry A. Lawton III, Pres (Age 44)
- Ms. Elisa D. Garcia C., Chief Legal Officer & Sec. (Age 60)
- Ms. Danielle L. Kirgan, Chief HR Officer (Age 42)
- Mr. Jeffrey A. Kantor, Chief Merchandising Officer (Age 59)
Who are Macy's' major shareholders?
Macy's' stock is owned by a number of of retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (0.61%), QV Investors Inc. (0.30%), Polaris Greystone Financial Group LLC (0.27%), Bank of Montreal Can (0.23%), Aperio Group LLC (0.12%) and Andra AP fonden (0.08%). Company insiders that own Macy's stock include C Elisa D Garcia, Craig Weatherup, Deirdre P Connelly, Felicia Williams, Harry A Lawton III, Jeffrey Gennette, John A Bryant, Karen M Hoguet, Marna C Whittington, Molly Langenstein, Terry J Lundgren 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 QV Investors Inc., Douglas Lane & Associates LLC, Highland Capital Management LLC, Empirical Finance LLC, Bowling Portfolio Management LLC, Texas Permanent School Fund, Lingohr & Partner Asset Management GmbH and Visionary Asset Management 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, Karen M Hoguet and Marna C Whittington. View Insider Buying and Selling for Macy's.
Which major investors are buying Macy's stock?
M stock was acquired by a variety of institutional investors in the last quarter, including Polaris Greystone Financial Group LLC, Bank of Montreal Can, MERIAN GLOBAL INVESTORS UK Ltd, Aperio Group LLC, Calamos Advisors LLC, Manning & Napier Group LLC, Empowered Funds LLC and West Coast Financial LLC. Company insiders that have bought Macy's stock in the last two years include Jeffrey Gennette, John A Bryant, Terry J Lundgren 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 $32.89.
How big of a company is Macy's?
Macy's has a market capitalization of $9.93 billion and generates $24.84 billion in revenue each year. The company earns $1.55 billion in net income (profit) each year or $3.77 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.
