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

+0.53 (+2.83%)
(As of 06/12/2024 ET)
Today's Range
50-Day Range
52-Week Range
3.76 million shs
Average Volume
6.91 million shs
Market Capitalization
$5.32 billion
P/E Ratio
Dividend Yield
Price Target

Macy's MarketRank™ Stock Analysis

Analyst Rating
2.00 Rating Score
8.1% Downside
$17.70 Price Target
Short Interest
4.99% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
1.02mentions of Macy
Based on 13 Articles This Week
Insider Trading
Selling Shares
$4.41 M Sold Last Quarter
Proj. Earnings Growth
From $2.79 to $2.80 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.

3.13 out of 5 stars

Retail/Wholesale Sector

115th out of 195 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 Q1 Turnaround Takes Shape as Consumers Shift
Macy's NYSE: M is an iconic retail sector company known for its expansive department store presence. Macy's earnings report for the first quarter of 2024 was released, offering a look into its evolving strategy and performance in a changing retail landscape.
Macy's (NYSE:M) Receives New Coverage from Analysts at
Macy's Future Crushed by Results
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
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 7/1 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Department stores
Department Stores
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
9 Analysts


Net Income
$105 million
Pretax Margin


Sales & Book Value

Annual Sales
$23.09 billion
Cash Flow
$7.08 per share
Book Value
$15.14 per share


Free Float
Market Cap
$5.32 billion

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Key Executives

M Stock Analysis - Frequently Asked Questions

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

9 Wall Street research 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 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 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 $27.00. On average, they predict the company's stock price to reach $17.70 in the next twelve months. This suggests that the stock has a possible downside of 8.1%.
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 on January 1st, 2024. Since then, M shares have decreased by 4.3% and is now trading at $19.26.
View the best growth stocks for 2024 here

Are investors shorting Macy's?

Macy's saw a increase in short interest in 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 trading volume, of 7,130,000 shares, the short-interest ratio is currently 2.3 days. Currently, 5.9% of the shares of the stock are short sold.
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, August 27th 2024.
View our M earnings forecast

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) announced its quarterly earnings results on Tuesday, May, 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The company earned $4.85 billion during the quarter, compared to the consensus estimate of $4.82 billion. Macy's had a trailing twelve-month return on equity of 21.40% and a net margin of 0.05%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 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 paid a dividend of $0.1737 per share on Monday, July 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.61%. 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 3.73%. 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 2,300.00%. 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 24.64% 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 2024 earnings guidance on Thursday, May, 23rd. The company provided EPS guidance of 0.250-0.330 for the period, compared to the consensus EPS estimate of 0.240. The company issued revenue guidance of $5.0 billion-$5.1 billion, compared to the consensus revenue estimate of $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 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 retail and institutional investors. Top institutional shareholders 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, LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Limited, 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.
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This page (NYSE:M) was last updated on 6/13/2024 by Staff

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