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NYSE:MMacy's Stock Price, Forecast & News

$6.94
-0.18 (-2.53 %)
(As of 08/13/2020 03:12 PM ET)
Add
Compare
Today's Range
$6.87
Now: $6.94
$7.05
50-Day Range
$6.02
MA: $6.57
$7.21
52-Week Range
$4.38
Now: $6.94
$20.25
Volume458,376 shs
Average Volume31.18 million shs
Market Capitalization$2.15 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.5
Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico. It also operated macys.com, bloomingdales.com, and bluemercury.com. In addition, the company offers licenses for its stores; and operates a beauty products and spa retailer under the bluemercury name. 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 Cincinnati, Ohio.
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Macy

Beat the Market (BTM) Rank

Analyst Opinion: 3.7Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.65 out of 5 stars


Industry, Sector and Symbol

Industry Department stores
Sub-IndustryDepartment Stores
CUSIP55616P10
Phone212-494-1602

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.56 billion
Cash Flow$6.43 per share
Book Value$20.64 per share

Profitability

Net Income$564 million

Miscellaneous

Employees123,000
Market Cap$2.15 billion
Next Earnings Date9/2/2020 (Confirmed)
OptionableOptionable
$6.94
-0.18 (-2.53 %)
(As of 08/13/2020 03:12 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Macy's (NYSE:M) Frequently Asked Questions

How has Macy's' stock been impacted by Coronavirus (COVID-19)?

Macy's' stock was trading at $9.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, M shares have decreased by 26.9% and is now trading at $6.94.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Macy's?

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
.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020.
View our earnings forecast for Macy's
.

How can I listen to Macy's' earnings call?

Macy's will be holding an earnings conference call on Wednesday, September 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Macy's' earnings last quarter?

Macy's Inc (NYSE:M) released its earnings results on Tuesday, June, 9th. The company reported ($2.03) EPS for the quarter, topping the Zacks' consensus estimate of ($2.35) by $0.32. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.03 billion. Macy's had a negative net margin of 14.28% and a positive return on equity of 2.61%.
View Macy's' earnings history
.

How often does Macy's pay dividends? What is the dividend yield for Macy's?

Macy's announced a quarterly dividend on Friday, February 28th. Shareholders of record on Friday, March 13th will be given a dividend of $0.377 per share on Wednesday, April 1st. This represents a $1.51 annualized dividend and a yield of 21.73%. The ex-dividend date is Thursday, March 12th.
View Macy's' dividend history
.

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

Macy's updated its first quarter earnings guidance on Tuesday, June, 9th. The company provided EPS guidance of ($2.03) for the period, compared to the Thomson Reuters consensus EPS estimate of ($2.06). The company issued revenue guidance of $3.017 billion, compared to the consensus revenue estimate of $3.11 billion.

What price target have analysts set for M?

14 analysts have issued 1-year price objectives for Macy's' stock. Their forecasts range from $3.00 to $22.00. On average, they anticipate Macy's' share price to reach $9.42 in the next twelve months. This suggests a possible upside of 35.8% from the stock's current price.
View analysts' price targets for Macy's
.

Has Macy's been receiving favorable news coverage?

Headlines about M stock have trended extremely negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macy's earned a news sentiment score of -4.1 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about Macy's
.

Are investors shorting Macy's?

Macy's saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 158,630,000 shares, an increase of 22.3% from the June 15th total of 129,710,000 shares. Based on an average daily volume of 43,390,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 51.6% of the company's stock are short sold.
View Macy's' Short Interest
.

Who are some of Macy's' key competitors?

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), NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Netflix (NFLX), Bank of America (BAC), Ford Motor (F), Walt Disney (DIS) and Alibaba Group (BABA).

Who are Macy's' key executives?

Macy's' management team includes the following people:
  • Mr. Jeffrey Gennette, Chairman & CEO (Age 58)
  • Mr. Harry A. Lawton III, Pres (Age 45)
  • Ms. Paula A. Price, CFO & Exec. VP (Age 58)
  • Ms. Elisa D. Garcia C., Chief Legal Officer, Exec. VP & Sec. (Age 61)
  • Ms. Danielle L. Kirgan, Chief HR Officer & Exec. VP (Age 43)

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 a number of retail and institutional investors. Top institutional investors include Yacktman Asset Management LP (10.93%), Bank of New York Mellon Corp (2.62%), LSV Asset Management (1.20%), Douglas Lane & Associates LLC (0.76%), Principal Financial Group Inc. (0.76%) and First Trust Advisors LP (0.71%). Company insiders that own Macy's stock include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Francis S Blake, Harry A Lawton III, Jeffrey Gennette, John T Harper, Joyce M Roche, Paula A Price and William H Lenehan.
View institutional ownership trends for Macy's
.

Which institutional investors are selling Macy's stock?

M stock was sold by a variety of institutional investors in the last quarter, including Yacktman Asset Management LP, LSV Asset Management, State Board of Administration of Florida Retirement System, Stone Ridge Asset Management LLC, New York State Common Retirement Fund, Prudential Financial Inc., Arizona State Retirement System, and Envestnet Asset Management Inc.. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Felicia Williams, and John T Harper.
View insider buying and selling activity for Macy's
.

Which institutional investors are buying Macy's stock?

M stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., SG Americas Securities LLC, Bank of New York Mellon Corp, First Trust Advisors LP, AJO LP, Douglas Lane & Associates LLC, Zweig DiMenna Associates LLC, and Comerica Bank. Company insiders that have bought Macy's stock in the last two years include Francis S Blake, Harry A Lawton III, Jeffrey Gennette, Joyce M Roche, and William H Lenehan.
View insider buying and selling activity for Macy's
.

How do I buy shares of Macy's?

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.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $6.94.

How big of a company is Macy's?

Macy's has a market capitalization of $2.15 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.

What is Macy's' official website?

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

How can I contact Macy's?

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]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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