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

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.
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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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our M earnings forecast.

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.

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.

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.

ETFs with the largest weight of Macy's (NYSE:M) stock in their portfolio include First Trust Consumer Discretionary AlphaDEX Fund (FXD), SPDR S&P Retail ETF (XRT), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap 400 Revenue ETF (RWK), iShares Factors US Value Style ETF (STLV), Direxion Daily Retail Bull 3X Shares (RETL), Hartford Longevity Economy ETF (HLGE) and First Trust Mid Cap Value AlphaDEX Fund (FNK).

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.

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.

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.

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).

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.
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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.
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