NYSE:M

Macy's Stock Forecast, Price & News

$16.63
-0.10 (-0.60 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$16.62
$17.20
50-Day Range
$16.11
$19.62
52-Week Range
$5.57
$22.30
Volume9.79 million shs
Average Volume18.03 million shs
Market Capitalization$5.19 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.08
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Macy

About Macy's

Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of January 30, 2021, the company operated 727 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam. 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 2007. Macy's, Inc. was founded in 1830 and is headquartered in New York, New York.

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MarketRank

Overall MarketRank

1.59 out of 5 stars

Retail/Wholesale Sector

172nd out of 412 stocks

Department Stores Industry

4th out of 24 stocks

Analyst Opinion: 1.9Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Macy's (NYSE:M) Frequently Asked Questions

Is Macy's a buy right now?

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

What stocks does MarketBeat like better than Macy's?

Wall Street analysts have given Macy's a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Macy's wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, September 1st 2021.
View our earnings forecast for Macy's
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) announced its quarterly earnings results on Tuesday, May, 18th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.80. The firm earned $4.71 billion during the quarter, compared to analyst estimates of $4.23 billion. Macy's had a negative net margin of 1.36% and a positive trailing twelve-month return on equity of 2.78%. The business's revenue was up 56.0% on a year-over-year basis. During the same period in the previous year, the business earned ($2.03) earnings per share.
View Macy's' earnings history
.

How has Macy's' stock been impacted by Coronavirus?

Macy's' stock was trading at $9.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, M shares have increased by 75.2% and is now trading at $16.63.
View which stocks have been most impacted by COVID-19
.

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

Macy's issued an update on its FY 2021 earnings guidance on Tuesday, June, 15th. The company provided earnings per share (EPS) guidance of $1.710-2.120 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.790. The company issued revenue guidance of $21.73 billion-22.23 billion, compared to the consensus revenue estimate of $20.73 billion.

What price target have analysts set for M?

9 Wall Street analysts have issued 1-year price objectives for Macy's' shares. Their forecasts range from $14.00 to $23.00. On average, they expect Macy's' stock price to reach $17.67 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts' price targets for Macy's
or view top-rated stocks among Wall Street analysts.

Who are Macy's' key executives?

Macy's' management team includes the following people:
  • Mr. Jeffrey Gennette, Chairman & CEO (Age 60, Pay $3.76M)
  • Mr. Adrian V. Mitchell, Exec. VP & CFO (Age 47, Pay $950k)
  • Mr. John T. Harper, Exec. VP & COO (Age 61, Pay $1.92M)
  • Ms. Elisa D. Garcia C., Chief Legal Officer, Exec. VP & Sec. (Age 63, Pay $1.45M)
  • Ms. Danielle L. Kirgan, Exec. VP and Chief Transformation & HR Officer (Age 45, Pay $1.9M)
  • Ms. Felicia Williams, Chief Exec. Officer of Action for Racial Equity (Age 55, Pay $1.1M)
  • Mr. Paul Griscom, Sr. VP & Controller (Age 40)
  • Ms. Laura Marie Miller, Chief Information Officer (Age 56)
  • Mr. Michael P. McGuire, Head of Investor Relations
  • Mr. William L. Hawthorne III, Sr. VP of Diversity Strategies & Legal Affairs (Age 65)

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

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

Who are some of Macy's' key competitors?

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), The Walt Disney (DIS) and Tesla (TSLA).

What is Macy's' stock symbol?

Macy's trades on the New York Stock Exchange (NYSE) under the ticker symbol "M."

Who are Macy's' major shareholders?

Macy's' stock is owned by many different institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), Oregon Public Employees Retirement Fund (0.04%) and XR Securities LLC (0.00%). Company insiders that own Macy's stock include C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, Jeffrey Gennette, John T Harper, Joyce M Roche, Paul C Varga and Paul Griscom.
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 XR Securities LLC, and Oregon Public Employees Retirement Fund. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, and Paul Griscom.
View insider buying and selling activity for Macy's
or view top insider-selling stocks.

Which major investors are buying Macy's stock?

M stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Macy's stock in the last two years include Joyce M Roche, and Paul C Varga.
View insider buying and selling activity for Macy's
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $16.63.

How much money does Macy's make?

Macy's has a market capitalization of $5.19 billion and generates $17.35 billion in revenue each year. The company earns $-3,944,000,000.00 in net income (profit) each year or ($2.21) on an earnings per share basis.

How many employees does Macy's have?

Macy's employs 75,711 workers across the globe.

Does Macy's have any subsidiaries?

The following companies are subsidiares of Macy's: Advertex Communications Inc., Bloomingdale's LLC, Bloomingdales.com LLC, Bloomingdale’s Merchandising LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Macy's Backstage Inc., Macys.com LLC, 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) Limited, Macy’s Merchandising Group Inc., Macy’s Merchandising Group International (Hong Kong) Limited, 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.

When was Macy's founded?

Macy's was founded in 1858.

What is Macy's' official website?

The official website for Macy's is www.macysinc.com.

Where are Macy's' headquarters?

Macy's is headquartered at 151 WEST 34TH STREET, NEW YORK NY, 10001.

How can I contact Macy's?

Macy's' mailing address is 151 WEST 34TH STREET, NEW YORK NY, 10001. The company can be reached via phone at 212-494-1602 or via email at [email protected]


This page was last updated on 7/29/2021 by MarketBeat.com Staff
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