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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Buy THIS stock before Taiwan is attacked (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
66,000% upside on tiny biotech? (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Buy THIS stock before Taiwan is attacked (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
66,000% upside on tiny biotech? (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Buy THIS stock before Taiwan is attacked (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
66,000% upside on tiny biotech? (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers

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

$11.61
+0.17 (+1.49%)
(As of 09/29/2023 ET)
Compare
Today's Range
$11.51
$11.82
50-Day Range
$10.73
$16.59
52-Week Range
$10.66
$25.12
Volume
11.12 million shs
Average Volume
10.74 million shs
Market Capitalization
$3.18 billion
P/E Ratio
4.30
Dividend Yield
5.68%
Price Target
$15.50

Macy's MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
33.5% Upside
$15.50 Price Target
Short Interest
Bearish
11.53% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.20
Upright™ Environmental Score
News Sentiment
0.04mentions of Macy
Based on 9 Articles This Week
Insider Trading
Selling Shares
$710,553 Sold Last Quarter
Proj. Earnings Growth
-0.71%
From $2.81 to $2.79 Per Share

Overall MarketRank

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

3.05 out of 5 stars

Retail/Wholesale Sector

14th out of 213 stocks

Department Stores Industry

1st out of 4 stocks


M stock logo

About Macy's (NYSE:M) Stock

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 Price History

M Stock News Headlines

Macy's (NYSE:M) Stock Rating Lowered by Gordon Haskett
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Gordon Haskett Downgrades Macy's
Macy's (NYSE:M) Hits New 52-Week Low at $10.67
Buy Macy's: It's A Covered Land Play In Disguise
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Expert Ratings for Macy's
Macy's Stock Sports Intriguing Entry Point
Macy's: Business As Usual
Macy’s Tries on More Modern Looks
Macy's: Not So Dire
Macy's: Now Fairly Valued
See More Headlines
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M Company Calendar

Ex-Dividend for 7/3 Dividend
6/14/2023
Dividend Payable
7/03/2023
Last Earnings
8/22/2023
Ex-Dividend for 10/2 Dividend
9/14/2023
Today
10/01/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
11/16/2023
Fiscal Year End
1/31/2024

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 Forecast
$15.50
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+33.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
11 Analysts

Profitability

Net Income
$1.18 billion
Pretax Margin
3.96%

Debt

Sales & Book Value

Annual Sales
$24.44 billion
Cash Flow
$7.84 per share
Book Value
$15.39 per share

Miscellaneous

Free Float
269,475,000
Market Cap
$3.18 billion
Optionable
Optionable
Beta
1.88

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Key Executives

  • Mr. Jeffrey  GennetteMr. Jeffrey Gennette (Age 62)
    Chairman & CEO
    Comp: $2.72M
  • Mr. Antony  SpringMr. Antony Spring (Age 58)
    Pres & Director
    Comp: $1.39M
  • Mr. Adrian V. MitchellMr. Adrian V. Mitchell (Age 49)
    Exec. VP, COO & CFO
    Comp: $1.32M
  • Ms. Elisa D. Garcia C.Ms. Elisa D. Garcia C. (Age 65)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $1.11M
  • Ms. Danielle L. KirganMs. Danielle L. Kirgan (Age 47)
    Exec. VP, Chief Transformation & HR Officer
    Comp: $1.33M
  • Ms. Laura Marie Miller (Age 58)
    Chief Information Officer
  • Ms. Pamela Nagler Quintiliano
    Head of Investor Relations
  • Ms. Felicia Williams (Age 57)
    Chief Exec. Officer of Action for Racial Equity
  • Mr. Mike Dervos (Age 72)
    Sr. VP & Regional Director of Chicago, Minneapolis & Detroit
  • Ms. Shawn Outler
    Chief Diversity, Equity and Inclusion (DEI) Officer













M Stock - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2023?

11 Wall Street analysts have issued 1-year target prices for Macy's' stock. Their M share price forecasts range from $10.00 to $23.00. On average, they predict the company's stock price to reach $15.50 in the next year. This suggests a possible upside of 33.5% from the stock's current price.
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 2023. Since then, M shares have decreased by 43.8% and is now trading at $11.61.
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 September. As of September 15th, there was short interest totaling 31,350,000 shares, an increase of 41.3% from the August 31st total of 22,180,000 shares. Based on an average trading volume of 10,730,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 11.5% 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, November 16th 2023.
View our M earnings forecast
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) issued its earnings results on Tuesday, August, 22nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. The company earned $5.15 billion during the quarter, compared to analyst estimates of $5.07 billion. Macy's had a trailing twelve-month return on equity of 22.46% and a net margin of 3.15%. The company's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS.

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

Macy's declared a quarterly dividend on Friday, August 25th. Stockholders of record on Friday, September 15th will be given a dividend of $0.1654 per share on Monday, October 2nd. This represents a $0.66 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Thursday, September 14th. This is an increase from the stock's previous quarterly dividend of $0.17.
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 5.70%. 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 24.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 23.66% 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 has initiated a share repurchase program on Tuesday, February 22nd 2022, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 28.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

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

Macy's updated its third quarter 2023 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of -$0.03-$0.02 for the period, compared to the consensus estimate of $0.26. The company issued revenue guidance of $4.75 billion-$4.85 billion, compared to the consensus revenue estimate of $4.88 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).

What is Macy's' stock symbol?

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

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.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $11.61.

How much money does Macy's make?

Macy's (NYSE:M) has a market capitalization of $3.18 billion and generates $24.44 billion in revenue each year. The company earns $1.18 billion in net income (profit) each year or $2.70 on an earnings per share basis.

How many employees does Macy's have?

The company employs 94,570 workers across the globe.

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
How can I contact Macy's?

Macy's' mailing address is 151 WEST 34TH STREET, NEW YORK NY, 10001. The official website for the company is www.macysinc.com. The company can be reached via phone at (212) 494-1621, via email at investors@macys.com, or via fax at 212-494-1838.

This page (NYSE:M) was last updated on 10/1/2023 by MarketBeat.com Staff

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