Macy's Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 4 sell ratings, 3 hold ratings and 5 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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Macy's saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 44,840,000 shares, an increase of 23.7% from the August 15th total of 36,250,000 shares. Based on an average daily trading volume, of 16,340,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 14.6% of the shares of the company are sold short.
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Macy's is scheduled to release its next quarterly earnings announcement on Thursday, November 18th 2021.
View our earnings forecast for Macy's.

Macy's, Inc. (NYSE:M) announced its quarterly earnings data on Wednesday, August, 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $1.07. The company earned $5.65 billion during the quarter, compared to analyst estimates of $5 billion. Macy's had a net margin of 2.45% and a trailing twelve-month return on equity of 27.50%. The company's revenue was up 58.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.81) EPS.
View Macy's' earnings history.

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 stock has increased by 131.1% and is now trading at $21.93.
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Macy's announced a quarterly dividend on Thursday, August 19th. Investors of record on Wednesday, September 15th will be given a dividend of $0.15 per share on Friday, October 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, September 14th.
View Macy's' dividend history.

Macy's pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.71%.
View Macy's' dividend history.

Macy's declared that its Board of Directors has approved a stock buyback program on Thursday, August 19th 2021, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Macy's updated its FY 2021 earnings guidance on Thursday, September, 16th. The company provided earnings per share guidance of $3.410-$3.750 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.240. The company issued revenue guidance of $23.55 billion-$23.95 billion, compared to the consensus revenue estimate of $22.12 billion.

12 Wall Street analysts have issued 12 month price objectives for Macy's' stock. Their forecasts range from $19.00 to $27.00. On average, they expect Macy's' share price to reach $23.11 in the next year. This suggests a possible upside of 5.4% from the stock's current price.
View analysts' price targets for Macy's or view top-rated stocks among Wall Street analysts.

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), Dillard's (DDS), Marks and Spencer Group (MKS), Old COPPER (JCPNQ), J. C. Penney (CPPRQ), Sears (SHLDQ), McColl's Retail Group (MCLS), Laura Ashley (ALY), The Bon-Ton Stores (BONTQ), AuMake International Limited (AU8.AX) (AU8), AuMake (AUK), Briscoe Group (BGP), El Puerto de Liverpool (ELPQF) and FamilyMart (FYRTY).
View all of M's competitors.

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.66%), Vanguard Group Inc. (10.80%), State Street Corp (4.32%), Newport Trust Co (2.68%), Yacktman Asset Management LP (2.66%) and Dimensional Fund Advisors LP (2.35%). Company insiders that own Macy's stock include C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, Jeffrey Gennette, John T Harper, Paul C Varga and Paul Griscom.
View institutional ownership trends for Macy's.

M stock was sold by a variety of institutional investors in the last quarter, including Appaloosa LP, Citigroup Inc., Bank of New York Mellon Corp, Morgan Stanley, Morgan Stanley, Yacktman Asset Management LP, Thrivent Financial for Lutherans, and Citadel Advisors LLC. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, and Paul Griscom.
View insider buying and selling activity for Macy's or view top insider-selling stocks.

M stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Melvin Capital Management LP, Twin Tree Management LP, Man Group plc, Bank of Montreal Can, Vanguard Group Inc., Capital Fund Management S.A., and State of Wisconsin Investment Board.
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 $21.93.

Macy's has a market capitalization of $6.79 billion and generates $17.35 billion in revenue each year. The company earns $-3,944,000,000.00 in net income (profit) each year or ($2.21) on an earnings per share basis.

Macy's employs 75,711 workers across the globe.

The following companies are subsidiares of Macy's: Advertex Communications Inc., Bloomingdale's LLC, Bloomingdales.com LLC, Bloomingdale’s Merchandising LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Macy's Backstage Inc., Macys.com LLC, Macy’s Corporate Services LLC, Macy’s Credit Operations Inc., Macy’s Credit and Customer Services Inc., Macy’s Inventory Funding LLC, Macy’s Inventory Holdings LLC, Macy’s Merchandising Corporation, Macy’s Merchandising Group (Hong Kong) Limited, Macy’s Merchandising Group Inc., Macy’s Merchandising Group International (Hong Kong) Limited, Macy’s Merchandising Group International LLC, Macy’s Merchandising Group Procurement LLC, Macy’s Propco Holdings LLC, Macy’s Puerto Rico Inc., Macy’s Retail Holdings LLC, Macy’s Systems and Technology Inc., May Department Stores Company, STORY, and West 34th Street Insurance Company New York.

Macy's was founded in 1858.

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 (513) 579-7780 or via email at [email protected].