NYSE:MMacy's Stock Price, Forecast & News

Macy's' stock was trading at $9.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, M shares have decreased by 28.7% and is now trading at $6.77. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 8 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Macy's.

Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for Macy's.

Macy's Inc (NYSE:M) released its quarterly earnings data on Tuesday, June, 9th. The company reported ($2.03) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($2.35) by $0.32. The business earned $3.02 billion during the quarter, compared to analyst estimates of $3.03 billion. Macy's had a positive return on equity of 2.61% and a negative net margin of 14.28%. 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 annualized dividend and a yield of 22.27%. The ex-dividend date of this dividend is Thursday, March 12th. View Macy's' dividend history.

Macy's updated its first quarter earnings guidance on Tuesday, June, 9th. The company provided earnings per share (EPS) guidance of ($2.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($2.06). The company issued revenue guidance of $3.017 billion, compared to the consensus revenue estimate of $3.11 billion.

14 brokers have issued 12 month target prices for Macy's' stock. Their forecasts range from $3.00 to $22.00. On average, they anticipate Macy's' share price to reach $9.65 in the next year. This suggests a possible upside of 42.6% from the stock's current price. View analysts' price targets for Macy's.

Media stories about M stock have trended very negative recently, according to InfoTrie. The research firm rates the sentiment of press coverage by monitoring 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 closest to five being the most favorable. Macy's earned a news sentiment score of -3.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Macy's.

Macy's saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 123,980,000 shares, a decline of 6.1% from the May 31st total of 132,060,000 shares. Based on an average trading volume of 41,610,000 shares, the short-interest ratio is presently 3.0 days. Currently, 42.2% of the company's shares are short sold. View Macy's' Current Options Chain.

Some companies that are related to Macy's include Harvey Norman (HVN), Kohl's (KSS), Marks and Spencer Group (MKS), Briscoe Group (BGP), Dillard's (DDS), Myer (MYR), J. C. Penney (JCPNQ), J C Penney (JCP), McColl's Retail Group (MCLS), Aumake International (AU8), Laura Ashley (ALY), FAMILYMART UNY/ADR (FYRTY), HARVEY NORMAN H/ADR (HNORY), Hudson's Bay (HBAYF) and LIVEPOL/BRSH MXN (ELPQF). View all 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), Micron Technology (MU), NVIDIA (NVDA), Ford Motor (F), Walt Disney (DIS), Netflix (NFLX), Bank of America (BAC) and Exxon Mobil (XOM).

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 State of Alaska Department of Revenue (0.09%), Exane Derivatives (0.02%), Everence Capital Management Inc. (0.02%), Envestnet Asset Management Inc. (0.00%) and Campbell Capital Management Inc. (0.00%). 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 Envestnet Asset Management Inc., and Exane Derivatives. 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 bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Everence Capital Management Inc., and Campbell Capital Management Inc.. 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 $6.77.

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]