NYSE:MMacy's Stock Price, Forecast & News

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. Since then, M shares have decreased by 40.7% and is now trading at $5.63. View which stocks have been mosted impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 8 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Macy's.

Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, May 20th 2020. View our earnings forecast for Macy's.

Macy's Inc (NYSE:M) announced its quarterly earnings data on Tuesday, February, 25th. The company reported $2.12 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.96 by $0.16. The company earned $8.34 billion during the quarter, compared to analysts' expectations of $8.32 billion. Macy's had a net margin of 2.30% and a return on equity of 14.47%. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $2.73 earnings per share. View Macy's' earnings history.

Macy's announced a quarterly dividend on Friday, February 28th. Stockholders 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 dividend on an annualized basis and a yield of 26.79%. The ex-dividend date is Thursday, March 12th. View Macy's' dividend history.

Macy's issued an update on its FY21 earnings guidance on Tuesday, February, 25th. The company provided earnings per share guidance of $2.20-$2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.46. The company issued revenue guidance of $23.6-$23.9 billion, compared to the consensus revenue estimate of $23.80 billion.

14 analysts have issued 12-month price objectives for Macy's' stock. Their forecasts range from $5.00 to $25.00. On average, they anticipate Macy's' share price to reach $15.23 in the next twelve months. This suggests a possible upside of 170.5% from the stock's current price. View analysts' price targets for Macy's.

Press coverage about M stock has trended very negative recently, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Macy's earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutMacy's.

Macy's saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 98,095,000 shares, an increase of 20.1% from the February 27th total of 81,710,000 shares. Based on an average daily trading volume, of 15,170,000 shares, the days-to-cover ratio is presently 6.5 days. Approximately 31.8% of the shares of the company are sold short. View Macy's' Current Options Chain.

Some companies that are related to Macy's include Harvey Norman (HVN), Hudson's Bay (HBC), Marks and Spencer Group (MKS), Kohl's (KSS), Briscoe Group (BGP), Dillard's (DDS), Myer (MYR), J C Penney (JCP), Aumake International (AU8), McColl's Retail Group (MCLS), Laura Ashley (ALY), FAMILYMART UNY/ADR (FYRTY), HARVEY NORMAN H/ADR (HNORY), Hudson's Bay (HBAYF) and LIVEPOL/BRSH MXN (ELPQF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Macy's investors own include Verizon Communications (VZ), HCA Healthcare (HCA), Pandora Media (P), AT&T (T), NVIDIA (NVDA), Ryder System (R), Ford Motor (F), General Electric (GE), Bank of America (BAC) and Netflix (NFLX).

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

Macy's' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%). 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.

M stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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.

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 $5.63.

Macy's has a market capitalization of $1.74 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. View additional information about Macy's.

The official website for Macy's is http://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.