Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com. The company also operates as a beauty products and spa retailer. 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.
Industry, Sector and Symbol
Industry Department stores
Sub-IndustryDepartment Stores
SectorRetail/Wholesale
SymbolNYSE:M
CUSIP55616P10
Phone513-579-7000
Debt
Debt-to-Equity Ratio1.01
Current Ratio1.52
Quick Ratio0.48
Price-To-Earnings
Trailing P/E Ratio10.31
Forward P/E Ratio10.26
P/E Growth1.19
Sales & Book Value
Annual Sales$24.84 billion
Price / Sales0.48
Cash Flow$7.0181 per share
Price / Cash5.54
Book Value$18.59 per share
Price / Book2.09
Profitability
EPS (Most Recent Fiscal Year)$3.77
Net Income$1.55 billion
Net Margins6.45%
Return on Equity24.56%
Return on Assets6.34%
Miscellaneous
Employees130,000
Outstanding Shares306,370,000
Macy's (NYSE:M) Frequently Asked Questions
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 announced a quarterly dividend on Friday, May 18th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.3775 per share on Monday, July 2nd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, June 14th. View Macy's' Dividend History.
How were Macy's' earnings last quarter?
Macy's Inc (NYSE:M) issued its earnings results on Wednesday, May, 16th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.12. The company had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.39 billion. Macy's had a net margin of 6.45% and a return on equity of 24.56%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. View Macy's' Earnings History.
When is Macy's' next earnings date?
What guidance has Macy's issued on next quarter's earnings?
Macy's updated its FY19 earnings guidance on Wednesday, May, 16th. The company provided EPS guidance of $3.75-3.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.60. The company issued revenue guidance of (1)-0.5% to ~$24.59-24.96 billion, compared to the consensus revenue estimate of $24.62 billion.
What price target have analysts set for M?
19 Wall Street analysts have issued 12-month price targets for Macy's' stock. Their predictions range from $9.50 to $43.00. On average, they anticipate Macy's' stock price to reach $30.0938 in the next twelve months. View Analyst Ratings for Macy's.
What are Wall Street analysts saying about Macy's stock?
Here are some recent quotes from research analysts about Macy's stock:
- 1. Cowen Inc analysts commented, "We update Discovery (DISCA, Neutral, $24 PT) estimates for the recent international PGA Tour deal, and as a follow up to recent earnings. Overall, our core OIBDA estimates don’t move much. We want to like the novel PGA partnership, but see the initial take of minimal impact to the P&L in the initial years as arguing for a wait and see approach. Our core stance on Discovery’s equity remains one of benign consternation. Discovery, we believe, is executing pretty well in a secularly challenged cable network sector that investors seem to basically hate at the moment. Its FCF valuation looks way too cheap. But we don’t know what prompts a re-rating at this point." (6/7/2018)
- 2. Guggenheim analysts commented, "We remain BUY-rated and raise our PT to $36 (from $32)." (5/16/2018)
- 3. According to Zacks Investment Research, "Macy’s, whose shares have outpaced the industry in the past six months, has taken several strategic initiatives to adapt to the ongoing changes in the retail landscape. These efforts have aided the company to post earnings beat for the third quarter in row, when it reported fourth-quarter fiscal 2017 results. The big take away from the quarter was comparable sales that rose after declining in the preceding few quarters. Further, management's strategic investments across stores, technology and merchandising are likely to cushion comparable sales. Macy’s has also announced slew of measures revolving around stores closures, cost containment, real estate strategy and investment in omnichannel capabilities to improve performance. Moreover, we believe that focus on private label brands will help augment profit margins. Notably, estimates have been stable ahead of first-quarter fiscal 2018 earnings release." (5/8/2018)
- 4. Citigroup Inc analysts commented, "significant" sales and margins, Lejuez said in the downgrade note. In fact, the core retail business is not only weak but is getting weaker, as credit income and asset sales won't support profits in the future as has been the case in the past. Various initiatives put in place to offset negative store traffic and margin pressures, such as Last Act and Blue Mercury, has seen some success but not enough to "move the dial." (10/30/2017)
Are investors shorting Macy's?
Macy's saw a increase in short interest in May. As of May 31st, there was short interest totalling 54,001,677 shares, an increase of 21.8% from the May 15th total of 44,318,729 shares. Based on an average trading volume of 15,310,633 shares, the days-to-cover ratio is currently 3.5 days. Currently, 17.7% of the shares of the company are sold short.
Who are some of Macy's' key competitors?
Some companies that are related to Macy's include Kohl's (KSS), Burlington Stores (BURL), Marks and Spencer Group (MKS), Harvey Norman (HVN), Dillard's (DDS), Hudson's Bay (HBC), Liverpool (ELPQF), Hudson's Bay (HBAYF), J C Penney (JCP), Myer (MYR), Debenhams (DEB), McColl's Retail Group (MCLS), Sears (SHLD), Sears Hometown and Outlet Stores (SHOS) and Aumake International (AU8).
Who are Macy's' key executives?
Macy's' management team includes the folowing people:
- Mr. Jeffrey Gennette, Chairman & CEO (Age 57)
- Mr. Harry A. Lawton III, Pres (Age 44)
- Ms. Karen M. Hoguet, Chief Financial Officer (Age 61)
- Ms. Elisa D. Garcia C., Chief Legal Officer & Sec. (Age 60)
- Ms. Danielle L. Kirgan, Chief HR Officer (Age 42)
Has Macy's been receiving favorable news coverage?
Headlines about M stock have been trending somewhat negative recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Macy's earned a coverage optimism score of -0.02 on Accern's scale. They also gave news stories about the company an impact score of 40.10 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Macy's' major shareholders?
Macy's' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.14%), American International Group Inc. (7.77%), Dimensional Fund Advisors LP (2.91%), Contrarius Investment Management Ltd (2.07%), Prudential Financial Inc. (1.64%) and Northern Trust Corp (1.42%). Company insiders that own Macy's stock include Craig Weatherup, Deirdre P Connelly, Felicia Williams, Jeffrey Gennette, John A Bryant, Karen M Hoguet, Marna C Whittington, Molly Langenstein, Terry J Lundgren 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 Element Capital Management LLC, Amundi Pioneer Asset Management Inc., Millennium Management LLC, Wexford Capital LP, Principal Financial Group Inc., Principal Financial Group Inc., OppenheimerFunds Inc. and American International Group Inc.. Company insiders that have sold Macy's company stock in the last year include Deirdre P Connelly, Felicia Williams, Karen M Hoguet and Marna C Whittington. View Insider Buying and Selling 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 Prudential Financial Inc., BlackRock Inc., Robeco Institutional Asset Management B.V., Dimensional Fund Advisors LP, Apertura Capital LLC, Great West Life Assurance Co. Can, Schwab Charles Investment Management Inc. and LSV Asset Management. Company insiders that have bought Macy's stock in the last two years include Jeffrey Gennette, John A Bryant, Terry J Lundgren and William H Lenehan. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Macy's' stock price today?
One share of M stock can currently be purchased for approximately $38.88.
How big of a company is Macy's?
Macy's has a market capitalization of $11.72 billion and generates $24.84 billion in revenue each year. The company earns $1.55 billion in net income (profit) each year or $3.77 on an earnings per share basis. Macy's employs 130,000 workers across the globe.
How can I contact Macy's?
Macy's' mailing address is 7 West Seventh Street, Cincinnati OH, 45202. The company can be reached via phone at 513-579-7000.
MarketBeat Community Rating for Macy's (M)
MarketBeat's community ratings are surveys of what our community members think about Macy's and other stocks. Vote "Outperform" if you believe M will outperform the S&P 500 over the long term. Vote "Underperform" if you believe M will underperform the S&P 500 over the long term. You may vote once every thirty days.
