Macy's Stock Forecast, Price & News

Macy's' stock was trading at $9.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, M shares have decreased by 40.3% and is now trading at $5.67.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 9 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Sell."
View analyst ratings for Macy's.

Macy's is scheduled to release its next quarterly earnings announcement on Thursday, November 19th 2020.
View our earnings forecast for Macy's.

Macy's Inc (NYSE:M) released its quarterly earnings data on Wednesday, September, 2nd. The company reported ($0.81) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($1.77) by $0.96. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.51 billion. Macy's had a negative net margin of 18.27% and a negative return on equity of 4.56%. The business's revenue was down 35.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share.
View Macy's' earnings history.

Macy's declared a quarterly dividend on Friday, February 28th. Investors of record on Friday, March 13th will be paid a dividend of $0.377 per share on Wednesday, April 1st. This represents a $1.51 dividend on an annualized basis and a dividend yield of 26.60%. The ex-dividend date is Thursday, March 12th.
View Macy's' dividend history.

14 analysts have issued 12-month target prices for Macy's' shares. Their forecasts range from $3.00 to $22.00. On average, they anticipate Macy's' stock price to reach $8.79 in the next twelve months. This suggests a possible upside of 55.1% from the stock's current price.
View analysts' price targets for Macy's.

Headlines about M stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Macy's earned a daily sentiment score of 1.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Macy's.

Some companies that are related to Macy's include Kohl's (KSS), Marks and Spencer Group (MKS), Dillard's (DDS), J. C. Penney (JCPNQ), J C Penney (JCP), McColl's Retail Group (MCLS), Laura Ashley (ALY), Aumake International (AU8), Briscoe Group (BGP), FAMILYMART UNY/ADR (FYRTY), HARVEY NORMAN H/ADR (HNORY), Harvey Norman (HVN), Hudson's Bay (HBAYF), LIVEPOL/BRSH MXN (ELPQF) and Lojas Renner (LRENY).
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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), Ford Motor (F), Bank of America (BAC), Tesla (TSLA) and Walt Disney (DIS).

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

Shares of M can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of M stock can currently be purchased for approximately $5.67.

Macy's has a market capitalization of $1.76 billion and generates $24.56 billion in revenue each year. The company earns $564 million in net income (profit) each year or $2.91 on an earnings per share basis. Macy's employs 123,000 workers across the globe.

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

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]