Free Trial

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

$20.08
+0.98 (+5.13%)
(As of 05/21/2024 ET)
Today's Range
$18.67
$20.11
50-Day Range
$18.15
$21.53
52-Week Range
$10.54
$22.10
Volume
17.05 million shs
Average Volume
7.25 million shs
Market Capitalization
$5.53 billion
P/E Ratio
54.27
Dividend Yield
3.44%
Price Target
$17.45

Macy's MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.1% Downside
$17.45 Price Target
Short Interest
Bearish
5.94% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.95
Upright™ Environmental Score
News Sentiment
0.78mentions of Macy
Based on 32 Articles This Week
Insider Trading
Selling Shares
$4.41 M Sold Last Quarter
Proj. Earnings Growth
1.18%
From $2.54 to $2.57 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.35 out of 5 stars

Retail/Wholesale Sector

92nd out of 190 stocks

Department Stores Industry

3rd out of 4 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. Macy's, Inc. was founded in 1830 and is based in New York, New York.

M Stock Price History

M Stock News Headlines

Macy's raises full year outlook as Q1 earnings top estimates
Macy's Stock Rises as Q1 Results Fall Less Than Expected
Macy's (M) Q1 Earnings Report Preview: What To Look For
StockNews.com Initiates Coverage on Macy's (NYSE:M)
Macy's (M) Set to Announce Quarterly Earnings on Tuesday
Avolon Net Income Increases 91% in First Quarter
Macy's: Still Looking For A Bigger Bid
Macy's: A Sell On Rising Credit Card Delinquencies
Macy's Names Two Arkhouse Nominees to Board
See More Headlines
Receive M Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Macy's and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Today
5/21/2024
Next Earnings (Confirmed)
5/21/2024
Ex-Dividend for 7/1 Dividend
6/14/2024
Dividend Payable
7/01/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Department stores
Sub-Industry
Department Stores
CUSIP
55616P10
Employees
85,581
Year Founded
1858

Price Target and Rating

Average Stock Price Target
$17.45
High Stock Price Target
$25.00
Low Stock Price Target
$10.00
Potential Upside/Downside
-7.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
9 Analysts

Profitability

Net Income
$105 million
Pretax Margin
0.52%

Debt

Sales & Book Value

Annual Sales
$23.09 billion
Cash Flow
$6.66 per share
Book Value
$15.10 per share

Miscellaneous

Free Float
267,535,000
Market Cap
$5.20 billion
Optionable
Optionable
Beta
2.16

Social Links

The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Key Executives

  • Mr. Adrian V. MitchellMr. Adrian V. Mitchell (Age 49)
    Executive VP, COO & CFO
    Comp: $1.69M
  • Ms. Sharon Otterman
    Chief Marketing Officer
  • Ms. Felicia Williams (Age 58)
    Chief Executive Officer of Action for Racial Equity
    Comp: $1.1M
  • Mr. Mike Dervos (Age 73)
    Senior VP & Regional Director of Chicago, Minneapolis & Detroit
  • Ms. Shawn Outler
    Chief Diversity, Equity and Inclusion (DEI) Officer
  • Mr. Marc Mastronardi (Age 46)
    Chief Stores Officer
  • Ms. Nata Dvir
    Chief Merchandising Officer
  • Chuck DiGiovanna
    Senior Vice President of Real Estate
  • Ms. Emily Erusha-Hilleque
    Senior Vice President of Private Brands
  • Mr. Massimo Magni
    Chief Customer & Digital Officer

M Stock Analysis - Frequently Asked Questions

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" M shares. 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 M analyst ratings
or view top-rated stocks.

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

9 Wall Street analysts have issued 12 month price targets for Macy's' stock. Their M share price targets range from $10.00 to $25.00. On average, they anticipate the company's share price to reach $17.45 in the next twelve months. This suggests that the stock has a possible downside of 13.1%.
View analysts price targets for M
or view top-rated stocks among Wall Street analysts.

How have M shares performed in 2024?

Macy's' stock was trading at $20.12 at the beginning of 2024. Since then, M shares have decreased by 0.2% and is now trading at $20.08.
View the best growth stocks for 2024 here
.

Are investors shorting Macy's?

Macy's saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 16,160,000 shares, an increase of 10.2% from the April 15th total of 14,670,000 shares. Based on an average daily volume of 7,130,000 shares, the short-interest ratio is presently 2.3 days. Currently, 5.9% 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 Tuesday, May 21st 2024.
View our M earnings forecast
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) posted its quarterly earnings results on Tuesday, February, 27th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.98 by $0.47. The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.07 billion. Macy's had a net margin of 0.45% and a trailing twelve-month return on equity of 23.34%. The firm's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 earnings per share.

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

Macy's announced a quarterly dividend on Thursday, May 16th. Investors of record on Friday, June 14th will be given a dividend of $0.1737 per share on Monday, July 1st. This represents a $0.69 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for M
.

Is Macy's a good dividend stock?

Macy's (NYSE:M) pays an annual dividend of $0.69 per share and currently has a dividend yield of 3.56%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 186.49%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, M will have a dividend payout ratio of 26.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

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

Macy's issued an update on its second quarter earnings guidance on Tuesday, May, 21st. The company provided earnings per share guidance of $0.25-0.31 for the period. The company issued revenue guidance of $4.97-5.1 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.40%), LSV Asset Management (1.93%), Douglas Lane & Associates LLC (0.73%), Principal Financial Group Inc. (0.37%), Simplex Trading LLC (0.00%) and Swiss National Bank (0.20%). Insiders that own company stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 5/21/2024 by MarketBeat.com Staff

From Our Partners