Macy's Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 8 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Macy's stock. 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.
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Wall Street analysts have given Macy's a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Macy's wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Macy's saw a decline in short interest in January. As of January 29th, there was short interest totaling 52,630,000 shares, a decline of 40.7% from the January 14th total of 88,790,000 shares. Based on an average daily trading volume, of 30,660,000 shares, the short-interest ratio is presently 1.7 days. Currently, 17.1% of the shares of the stock are short sold.
View Macy's' Short Interest.

Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, July 7th 2021.
View our earnings forecast for Macy's.

Macy's, Inc. (NYSE:M) released its quarterly earnings data on Tuesday, February, 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.61. The company earned $6.78 billion during the quarter, compared to analyst estimates of $6.50 billion. Macy's had a negative trailing twelve-month return on equity of 8.21% and a negative net margin of 19.91%. The company's quarterly revenue was down 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.12 EPS.
View Macy's' earnings history.

Macy's' stock was trading at $9.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, M stock has increased by 63.2% and is now trading at $15.49.
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Macy's announced 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 annualized dividend and a yield of 9.74%. The ex-dividend date is Thursday, March 12th.
View Macy's' dividend history.

Macy's updated its FY22 earnings guidance on Tuesday, February, 23rd. The company provided EPS guidance of $0.40-$0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.74. The company issued revenue guidance of $19.75-$20.75 billion, compared to the consensus revenue estimate of $19.91 billion.

12 brokers have issued 1-year target prices for Macy's' stock. Their forecasts range from $3.00 to $16.00. On average, they expect Macy's' stock price to reach $9.28 in the next year. This suggests that the stock has a possible downside of 40.1%.
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2,528 employees have rated Macy's CEO Jeff Gennette on Glassdoor.com. Jeff Gennette has an approval rating of 62% among Macy's' employees. This puts Jeff Gennette in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Macy's include Burlington Stores (BURL), Kohl's (KSS), Marks and Spencer Group (MKS), Dillard's (DDS), Old COPPER (JCPNQ), Sears (SHLDQ), McColl's Retail Group (MCLS), Laura Ashley (ALY), The Bon-Ton Stores (BONTQ), AuMake International Limited (AU8.AX) (AU8), Briscoe Group (BGP), El Puerto de Liverpool (ELPQF), FamilyMart (FYRTY), Harvey Norman (HNORY) and Harvey Norman Holdings Limited (HVN.AX) (HVN).
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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), Bank of America (BAC), Ford Motor (F), The Walt Disney (DIS) and Tesla (TSLA).

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

Macy's' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.73%), Yacktman Asset Management LP (8.10%), Dimensional Fund Advisors LP (2.64%), Renaissance Technologies LLC (2.03%), Bank of New York Mellon Corp (1.55%) and Northern Trust Corp (1.32%). 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 and Paula A Price.
View institutional ownership trends for Macy's.

M stock was sold by a variety of institutional investors in the last quarter, including Yacktman Asset Management LP, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Paloma Partners Management Co, Virtu Financial LLC, Alliancebernstein L.P., Northern Trust Corp, and Hsbc Holdings PLC. Company insiders that have sold Macy's company stock in the last year include Felicia Williams, and John T Harper.
View insider buying and selling activity for Macy's or view top insider-selling stocks.

M stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, JPMorgan Chase & Co., Vesa Equity Investment S.a r.l., Voloridge Investment Management LLC, SummerHaven Investment Management LLC, Morgan Stanley, Landscape Capital Management L.L.C., and Hussman Strategic Advisors Inc.. Company insiders that have bought Macy's stock in the last two years include Francis S Blake, Harry A Lawton III, Jeffrey Gennette, and Joyce M Roche.
View insider buying and selling activity for Macy's or or view top insider-buying stocks.

Shares of M 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.
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One share of M stock can currently be purchased for approximately $15.49.

Macy's has a market capitalization of $4.81 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 is headquartered at 151 WEST 34TH STREET, NEW YORK NY, 10001.

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]