Macy's, Inc. is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy's, Bloomingdale's and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. Its subsidiaries provide various support functions to its retail operations. The Company's bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service and credit marketing services in respect of various credit card accounts that are owned either by Department Stores National Bank (DSNB), a subsidiary of Citibank N.A. or FDS Bank and that constitutes a part of the credit programs of the Company's retail operations. Macy's Systems and Technology, Inc. (MST), a subsidiary of the Company, provides operational electronic data processing and management information services to all of the Company's operations.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: Department Stores
- Sub-Industry: Department Stores
- Exchange: NYSE
- Symbol: M
- CUSIP: 55616P10
- Previous Close: $32.44
- 50 Day Moving Average: $30.94
- 200 Day Moving Average: $36.37
- 52-Week Range: $28.55 - $45.50
- Trailing P/E Ratio: 15.10
- Foreward P/E Ratio: 11.24
- P/E Growth: 0.53
- Market Cap: $10.14B
- Outstanding Shares: 305,670,000
- Beta: 0.79
- Net Margins: 2.63%
- Return on Equity: 24.83%
- Return on Assets: 4.93%
Companies Related to Macy's:
- Debt-to-Equity Ratio: 1.73%
- Current Ratio: 1.22%
- Quick Ratio: 0.17%
What is Macy's' stock symbol?
Macy's trades on the New York Stock Exchange (NYSE) under the ticker symbol "M."
How often does Macy's pay dividends? What is the dividend yield for Macy's?
Macy's declared a quarterly dividend on Friday, February 24th. Investors of record on Wednesday, March 15th will be given a dividend of $0.3775 per share on Monday, April 3rd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 4.55%.
Where is Macy's' stock going? Where will Macy's' stock price be in 2017?
24 brokerages have issued twelve-month price targets for Macy's' shares. Their forecasts range from $30.00 to $72.00. On average, they expect Macy's' stock price to reach $39.49 in the next twelve months.
When will Macy's announce their earnings?
Macy's is scheduled to release their next quarterly earnings announcement on Tuesday, May, 9th 2017.
What are analysts saying about Macy's stock?
Here are some recent quotes from research analysts about Macy's stock:
According to Zacks Investment Research, "Macy’s, which has underperformed the industry in the past three months, witnessed dismal holiday season performance. The impact of challenging retail landscape, stiff competition from online retailers and waning store traffic was evident in the sales results that came below expectations and compelled management to trim fiscal 2016 earnings view. Comparable sales on an owned plus licensed basis decreased 2.1% during November and December period combined, while on an owned basis, comparable sales fell 2.7%. The company in a bid to calm investors’ jitters, announced slew of measures revolving around stores closures, cost containment, real estate strategy and investment in omnichannel capabilities. Management said that these measures will result in annual savings of about $550 million, beginning in 2017, and would allow the company to invest an additional $250 million in enhancing digital business and store-related growth initiatives." (2/20/2017)
Credit Suisse Group analysts commented, "Naveen Chopra, the Interim CEO of TiVo, presented today at the Jefferies 2016 Technology Conference in Miami." (5/12/2016)
Who owns Macy's stock?
Macy's' stock is owned by many different of retail and institutional investors. Top institutional investors include State Street Corp (4.68%), FMR LLC (2.51%), Prudential PLC (1.51%), Dimensional Fund Advisors LP (1.13%), Allianz Asset Management AG (0.86%) and AQR Capital Management LLC (0.69%). Company insiders that own Macy's stock include Craig Weatherup, Dennis J Broderick, Jeffrey A Kantor, Jeffrey Gennette, Joel A Belsky, Joyce M Roche, Karen M Hoguet, Marna C Whittington, Martine M Reardon, Molly Langenstein, Patti H Ongman, Peter R Sachse, Robert B Harrison, Terry J Lundgren, Timothy G Baxter and William S Allen.
Who sold Macy's stock? Who is selling Macy's stock?
Macy's' stock was sold by a variety of institutional investors in the last quarter, including O Shaughnessy Asset Management LLC, Public Sector Pension Investment Board, Franklin Resources Inc., Caxton Associates LP, I.G. Investment Management LTD., RidgeWorth Capital Management LLC, Federated Investors Inc. PA and Systematic Financial Management LP. Company insiders that have sold Macy's stock in the last year include Craig Weatherup, Dennis J Broderick, Jeffrey A Kantor, Joel A Belsky, Karen M Hoguet, Molly Langenstein, Terry J Lundgren and William S Allen.
Who bought Macy's stock? Who is buying Macy's stock?
Macy's' stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Dimensional Fund Advisors LP, Asset Management One Co. Ltd., Lodge Hill Capital LLC, Janus Capital Management LLC, Russell Investments Group Ltd. and AQR Capital Management LLC.
How do I buy Macy's stock?
Shares of Macy's can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Macy's stock cost?
One share of Macy's stock can currently be purchased for approximately $33.17.