NYSE:M - Macy's Stock Price, Forecast & News

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

Macy's declared a quarterly dividend on Friday, October 25th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.3775 per share on Thursday, January 2nd. This represents a $1.51 dividend on an annualized basis and a yield of 8.68%. The ex-dividend date is Thursday, December 12th. This is a positive change from Macy's's previous quarterly dividend of $0.38. View Macy's' Dividend History.

Macy's Inc (NYSE:M) announced its earnings results on Thursday, November, 21st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.06. The company earned $5.17 billion during the quarter, compared to analysts' expectations of $5.31 billion. Macy's had a net margin of 3.91% and a return on equity of 17.44%. Macy's's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. View Macy's' Earnings History.

Macy's is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Macy's.

Macy's issued an update on its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of $$2.57-2.77 for the period, compared to the Thomson Reuters consensus estimate of $$2.79. The company issued revenue guidance of $$24.347-24.472 billion, compared to the consensus revenue estimate of $$24.85 billion.

14 equities research analysts have issued 1-year price targets for Macy's' stock. Their forecasts range from $5.25 to $27.00. On average, they expect Macy's' share price to reach $15.94 in the next year. This suggests that the stock has a possible downside of 8.4%. View Analyst Price Targets for Macy's.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 5 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macy's.

Media headlines about M stock have been trending negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macy's earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Macy's.

Macy's saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 88,950,000 shares, a drop of 5.2% from the December 15th total of 93,800,000 shares. Based on an average daily trading volume, of 17,170,000 shares, the short-interest ratio is currently 5.2 days. Currently, 28.8% of the company's stock are sold short. View Macy's' Current Options Chain.

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

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), Ryder System (R), NVIDIA (NVDA), AT&T (T), Ford Motor (F), Bank of America (BAC), General Electric (GE) and Alibaba Group (BABA).

Macy's' stock is owned by a number of of retail and institutional investors. Top institutional investors include Exchange Traded Concepts LLC (0.44%), Commerzbank Aktiengesellschaft FI (0.21%), Smith Graham & Co. Investment Advisors LP (0.12%), Zurcher Kantonalbank Zurich Cantonalbank (0.08%), State of Alaska Department of Revenue (0.06%) and Wealthfront Advisers LLC (0.04%). 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, Joyce M Roche, Karen M Hoguet, Marna C Whittington, Paula A Price and William H Lenehan. View Institutional Ownership Trends for Macy's.

M stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Groesbeck Investment Management Corp NJ, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, Balasa Dinverno & Foltz LLC, State of Alaska Department of Revenue, Rockland Trust Co. and Barnett & Company Inc.. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Joyce M Roche and Paula A Price. View Insider Buying and Selling for Macy's.

M stock was acquired by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Commerzbank Aktiengesellschaft FI, Smith Graham & Co. Investment Advisors LP, Nisa Investment Advisors LLC, FNY Investment Advisers LLC, Wealthfront Advisers LLC, Exane Derivatives and Lake Street Financial LLC. 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 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 $17.40.

Macy's has a market capitalization of $5.38 billion and generates $24.97 billion in revenue each year. The company earns $1.11 billion in net income (profit) each year or $4.18 on an earnings per share basis. Macy's employs 130,000 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 7 West Seventh Street, Cincinnati OH, 45202. The company can be reached via phone at 513-579-7000.