Macy's Stock Forecast, Price & 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 stock has decreased by 28.8% and is now trading at $6.76.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 9 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Sell."
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Macy's is scheduled to release its next quarterly earnings announcement on Thursday, November 19th 2020.
View our earnings forecast for Macy's.

Macy's Inc (NYSE:M) announced its earnings results on Wednesday, September, 2nd. The company reported ($0.81) earnings per share for the quarter, topping the consensus estimate of ($1.77) by $0.96. The company earned $3.56 billion during the quarter, compared to the consensus estimate of $3.51 billion. Macy's had a negative return on equity of 4.56% and a negative net margin of 18.27%. The company's revenue for the quarter was down 35.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS.
View Macy's' earnings history.

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 dividend on an annualized basis and a dividend yield of 22.31%. The ex-dividend date is Thursday, March 12th.
View Macy's' dividend history.

14 analysts have issued 12-month price targets for Macy's' shares. Their forecasts range from $3.00 to $22.00. On average, they anticipate Macy's' share price to reach $8.79 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
View analysts' price targets for Macy's.

News headlines about M stock have trended somewhat positive on Sunday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macy's earned a daily sentiment score of 1.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.
View the latest news about Macy's.

Some companies that are related to Macy's include Kohl's (KSS), Marks and Spencer Group (MKS), Dillard's (DDS), J. C. Penney (JCPNQ), J C Penney (JCP), McColl's Retail Group (MCLS), Laura Ashley (ALY), Aumake International (AU8), Briscoe Group (BGP), FAMILYMART UNY/ADR (FYRTY), HARVEY NORMAN H/ADR (HNORY), Harvey Norman (HVN), Hudson's Bay (HBAYF), LIVEPOL/BRSH MXN (ELPQF) and Lojas Renner (LRENY).
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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), Ford Motor (F), Bank of America (BAC), Tesla (TSLA) and Walt Disney (DIS).

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

Macy's' stock is owned by a number of retail and institutional investors. Top institutional investors include Yacktman Asset Management LP (10.93%), Vanguard Group Inc. (10.55%), Bank of New York Mellon Corp (2.62%), LSV Asset Management (1.20%), Charles Schwab Investment Management Inc. (1.10%) and AQR Capital Management LLC (0.92%). 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 sold by a variety of institutional investors in the last quarter, including Yacktman Asset Management LP, Two Sigma Advisers LP, Vanguard Group Inc., APG Asset Management N.V., Great West Life Assurance Co. Can, Charles Schwab Investment Management Inc., LSV Asset Management, and State Board of Administration of Florida Retirement System. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Felicia Williams, and John T Harper.
View insider buying and selling activity for Macy's.

M stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., SG Americas Securities LLC, Bank of New York Mellon Corp, First Trust Advisors LP, Fort Point Capital Partners LLC, AJO LP, and Nuveen Asset Management 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 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 $6.76.

Macy's has a market capitalization of $2.10 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' 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]