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NYSE:M

Macy's Stock Forecast, Price & News

$15.26
-0.46 (-2.93 %)
(As of 02/26/2021 02:15 PM ET)
Add
Compare
Today's Range
$15.09
Now: $15.26
$15.93
50-Day Range
$12.20
MA: $14.21
$17.73
52-Week Range
$4.38
Now: $15.26
$22.30
Volume836,725 shs
Average Volume24.40 million shs
Market Capitalization$4.74 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.98
Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of February 1, 2020, the company operated 775 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam. It also operates in Dubai, the United Arab Emirates and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.
Macy

Industry, Sector and Symbol

Industry Department stores
Sub-IndustryDepartment Stores
CUSIP55616P10
Phone212-494-1602
Employees123,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.56 billion
Cash Flow$7.06 per share
Book Value$20.64 per share

Profitability

Net Income$564 million

Miscellaneous

Market Cap$4.74 billion
Next Earnings Date7/7/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.39 out of 5 stars

Retail/Wholesale Sector

116th out of 383 stocks

Department Stores Industry

2nd out of 21 stocks

Analyst Opinion: 1.8Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$15.26
-0.46 (-2.93 %)
(As of 02/26/2021 02:15 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Macy's (NYSE:M) Frequently Asked Questions

Is Macy's a buy right now?

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.
View analyst ratings for Macy's
or view top-rated stocks.

What stocks does MarketBeat like better than Macy's?

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.
View MarketBeat's top stock picks here.

Are investors shorting Macy's?

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
.

When is Macy's' next earnings date?

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

How were Macy's' earnings last quarter?

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
.

How has Macy's' stock been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

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. 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
.

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

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.

What price target have analysts set for M?

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%.
View analysts' price targets for Macy's
or view top-rated stocks among Wall Street analysts.

Who are Macy's' key executives?

Macy's' management team includes the following people:
  • Mr. Jeffrey Gennette, Chairman & CEO (Age 60, Pay $2.32M)
  • Mr. John T. Harper, Exec. VP & COO (Age 61, Pay $1.51M)
  • Ms. Elisa D. Garcia C., Chief Legal Officer, Exec. VP & Sec. (Age 63, Pay $1.01M)
  • Ms. Danielle L. Kirgan, Exec. VP and Chief Transformation & HR Officer (Age 45, Pay $1.04M)
  • Mr. Adrian V. Mitchell, Chief Financial Officer
  • Mr. Paul Griscom, Sr. VP, Controller & Interim Principal Accounting Officer (Age 40)
  • Mr. Naveen Krishna, Chief Technology Officer
  • Mr. Michael P. McGuire, Head of Investor Relations
  • Mr. William L. Hawthorne III, Sr. VP of Diversity Strategies & Legal Affairs (Age 65)
  • Mr. Bradley R. Mays, Sr. VP of Tax

What is Jeff Gennette's approval rating as Macy's' CEO?

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.

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

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 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
.

Which major 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, 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.

Which major investors are buying Macy's stock?

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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Macy's' stock price today?

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

How much money does Macy's make?

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.

How many employees does Macy's have?

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.

Where are Macy's' headquarters?

Macy's is headquartered at 151 WEST 34TH STREET, NEW YORK NY, 10001.

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 2/26/2021 by MarketBeat.com Staff

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