Macy's Stock Forecast, Price & News

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.

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

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.

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.
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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.

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.

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.

Some companies that are related to Macy's include Kohl's (KSS), Dillard's (DDS), Marks and Spencer Group (MKS), Old COPPER (JCPNQ), McColl's Retail Group (MCLS), J. C. Penney (CPPRQ), Sears (SHLDQ), Laura Ashley (ALY), The Bon-Ton Stores (BONTQ), AuMake International Limited (AU8.AX) (AU8), AuMake (AUK), Briscoe Group (BGP), El Puerto de Liverpool (ELPQF), FamilyMart (FYRTY) and Grupo Comercial Chedraui (GCHEF).
View all of M's competitors.

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).

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

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.

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.

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.

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

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.

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

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.

Macy's was founded in 1858.

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

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

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]