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US joins in other nations in swearing off coal power to clean the climate
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All the trading advice you’ve ever received boils down to this (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

Macy's Stock Price, News & Analysis (NYSE:M)

$17.13
+1.27 (+8.01%)
(As of 12/1/2023 ET)
Compare
Today's Range
$15.78
$17.14
50-Day Range
$10.58
$17.13
52-Week Range
$10.54
$25.12
Volume
20.90 million shs
Average Volume
16.84 million shs
Market Capitalization
$4.69 billion
P/E Ratio
6.96
Dividend Yield
3.85%
Price Target
$15.00

Macy's MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.89 Rating Score
Upside/​Downside
12.4% Downside
$15.00 Price Target
Short Interest
Bearish
14.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.91
Upright™ Environmental Score
News Sentiment
-0.05mentions of Macy
Based on 6 Articles This Week
Insider Trading
Selling Shares
$851,851 Sold Last Quarter
Proj. Earnings Growth
-9.97%
From $3.01 to $2.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Retail/Wholesale Sector

150th out of 195 stocks

Department Stores Industry

3rd out of 5 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. The company was founded in 1830 and is based in New York, New York.

M Stock Price History

M Stock News Headlines

Traders Buy High Volume of Call Options on Macy's (NYSE:M)
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Macy's (NYSE:M) Has Announced A Dividend Of $0.1654
Macy’s, Inc. (NYSE:M) Q3 2023 Earnings Call Transcript
Why Are Macy's (M) Shares Soaring Today
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Macy's Stock Pops Higher, Yet I Doubt It Will Last
Macy's Q3 Results: Business May Be Bottoming
What 9 Analyst Ratings Have To Say About Macy's
Macy's' (NYSE:M) Dividend Will Be $0.1654
Macy's declares $0.1654 dividend
Macy's: Still Being Dumped On
Macy's: A Deep Value Trap?
Gordon Haskett Downgrades Macy's
See More Headlines
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Company Calendar

Ex-Dividend for 10/2 Dividend
9/14/2023
Dividend Payable
10/02/2023
Last Earnings
11/16/2023
Today
12/02/2023
Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
3/07/2024

Industry, Sector and Symbol

Industry
Department stores
Sub-Industry
Department Stores
CUSIP
55616P10
Employees
94,570
Year Founded
1858

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$20.00
Low Stock Price Target
$10.00
Potential Upside/Downside
-12.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.89
Research Coverage
9 Analysts

Profitability

Net Income
$1.18 billion
Pretax Margin
3.69%

Debt

Sales & Book Value

Annual Sales
$23.93 billion
Cash Flow
$8.48 per share
Book Value
$15.12 per share

Miscellaneous

Free Float
269,907,000
Market Cap
$4.69 billion
Optionable
Optionable
Beta
1.97

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M Stock Analysis - Frequently Asked Questions

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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" M shares.
View M analyst ratings
or view top-rated stocks.

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

9 brokerages have issued 12 month price objectives for Macy's' shares. Their M share price targets range from $10.00 to $20.00. On average, they anticipate the company's stock price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 12.4%.
View analysts price targets for M
or view top-rated stocks among Wall Street analysts.

How have M shares performed in 2023?

Macy's' stock was trading at $20.65 at the beginning of the year. Since then, M stock has decreased by 17.0% and is now trading at $17.13.
View the best growth stocks for 2023 here
.

Are investors shorting Macy's?

Macy's saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 38,760,000 shares, an increase of 22.6% from the October 31st total of 31,620,000 shares. Based on an average daily trading volume, of 12,290,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 14.3% of the company's shares 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, March 7th 2024.
View our M earnings forecast
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) released its quarterly earnings results on Thursday, November, 16th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. Macy's had a net margin of 2.92% and a trailing twelve-month return on equity of 19.53%. The business's quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS.

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

Macy's announced a quarterly dividend on Friday, October 27th. Investors of record on Friday, December 15th will be paid a dividend of $0.1654 per share on Tuesday, January 2nd. This represents a $0.66 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for M
.

Is Macy's a good dividend stock?

Macy's (NYSE:M) pays an annual dividend of $0.66 per share and currently has a dividend yield of 4.23%. M has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 24.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

How will Macy's' stock buyback program work?

Macy's declared that its Board of Directors has initiated a share buyback program on Tuesday, February 22nd 2022, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 28.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

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

Macy's updated its fourth quarter 2023 earnings guidance on Thursday, November, 16th. The company provided earnings per share (EPS) guidance of $1.85-$2.10 for the period, compared to the consensus earnings per share estimate of $1.92. The company issued revenue guidance of $7.95 billion-$8.25 billion, compared to the consensus revenue estimate of $8.05 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 many different institutional and retail investors. Top institutional shareholders include Newport Trust Company LLC (2.85%), LSV Asset Management (2.04%), AQR Capital Management LLC (1.93%), Morgan Stanley (1.50%), American Century Companies Inc. (1.20%) and Bank of New York Mellon Corp (1.11%). Insiders that own company stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, Paul C Varga 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/3/2023 by MarketBeat.com Staff

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