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

$11.16
+0.29 (+2.67%)
(As of 03:16 PM ET)
Compare
Today's Range
$10.71
$11.16
50-Day Range
$10.73
$16.59
52-Week Range
$10.66
$25.12
Volume
7.89 million shs
Average Volume
11.04 million shs
Market Capitalization
$3.05 billion
P/E Ratio
4.13
Dividend Yield
5.91%
Price Target
$16.00

Macy's MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
44.3% Upside
$16.00 Price Target
Short Interest
Healthy
8.16% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.20
Upright™ Environmental Score
News Sentiment
1.05mentions of Macy
Based on 4 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.

3.32 out of 5 stars

Retail/Wholesale Sector

6th out of 209 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) Hits New 52-Week Low at $10.67
As AI Explodes this Company Could Skyrocket
A game-changing device expected to hit the market soon may put this AI company on the map.
Buy Macy's: It's A Covered Land Play In Disguise
As AI Explodes this Company Could Skyrocket
A game-changing device expected to hit the market soon may put this AI company on the map.
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
10 Analysts Have This to Say About Macy's
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
9/25/2023
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
$16.00
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+47.2%
Consensus Rating
Hold
Rating Score (0-4)
2.09
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
$7.82 per share
Book Value
$15.04 per share

Miscellaneous

Free Float
269,475,000
Market Cap
$2.97 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 research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 3 sell ratings, 4 hold ratings and 4 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 forecast for 2023?

11 Wall Street research analysts have issued 1-year price targets 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 $16.00 in the next twelve months. This suggests a possible upside of 47.2% 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 the year. Since then, M stock has decreased by 47.4% and is now trading at $10.87.
View the best growth stocks for 2023 here
.

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 quarterly earnings data on Tuesday, August, 22nd. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.13. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Investors of record on Friday, September 15th will be paid a dividend of $0.1654 per share on Monday, October 2nd. This represents a $0.66 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date is Thursday, September 14th. This is a positive change 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 6.09%. 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 announced that its board has approved a stock buyback 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 purchase up to 28.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its stock is undervalued.

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

Macy's issued an update on 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 earnings per share 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."

Who are Macy's' major shareholders?

Macy's' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.10%), Dimensional Fund Advisors LP (4.42%), State Street Corp (4.12%), Point72 Asset Management L.P. (3.98%), LSV Asset Management (2.07%) and Holocene Advisors LP (2.05%). Insiders that own company stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, Paul C Varga 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 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 $10.87.

How much money does Macy's make?

Macy's (NYSE:M) has a market capitalization of $2.97 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 9/25/2023 by MarketBeat.com Staff

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