NYSE:MMacy's Stock Price, Forecast & News

$7.02

+0.85 (+13.77 %)

(As of 05/27/2020 11:35 AM ET)

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Today's Range

$6.66

Now: $7.02▼

$7.09

50-Day Range

$4.81

MA: $5.50▼

$6.66

52-Week Range

$4.38

Now: $7.02▼

$23.40

Volume39.70 million shs

Average Volume34.06 million shs

Market Capitalization$2.17 billion

P/E Ratio3.86

Dividend Yield28.12%

Beta1.53

Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico. It also operated macys.com, bloomingdales.com, and bluemercury.com. In addition, the company offers licenses for its stores; and operates a beauty products and spa retailer under the bluemercury name. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in Cincinnati, Ohio.

Beat the Market (BTM) Rank^™

3.8 Analyst's Opinion

Consensus Rating
Macy's has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on 1 buy rating, 5 hold ratings, and 8 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.12, Macy's has a potential upside of 44.1% from its current price of $7.02.
Amount of Analyst Coverage
Macy's has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Macy's has received 890 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Macy's has received 1,031 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Macy's has received 53.67% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Macy's and other stocks. Vote “Outperform” if you believe M will outperform the S&P 500 over the long term. Vote “Underperform” if you believe M will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Macy's is a leading dividend payer. It pays a dividend yield of 28.12%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Macy's does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Macy's is 51.89 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Macy's will have a dividend payout ratio of 113.53 % in the coming year. This indicates that Macy's may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Macy's insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $36,821.00 in company stock.
Percentage Held by Insiders
Only 0.58% of the stock of Macy's is held by insiders.
Percentage Held by Institutions
90.25% of the stock of Macy's is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Macy's are expected to grow in the coming year, from ($0.56) to $1.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Macy's is 3.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Macy's is 3.86, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 40.21.
Price to Book Value per Share Ratio
Macy's has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.41 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Department stores

Sub-IndustryDepartment Stores

SectorRetail/Wholesale

Current SymbolNYSE:M

Previous SymbolNYSE:FD

CUSIP55616P10

CIK794367

Webwww.macysinc.com

Phone212-494-1602

Debt

Debt-to-Equity Ratio1.03

Current Ratio1.18

Quick Ratio0.28

Price-To-Earnings

Trailing P/E Ratio3.86

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$24.56 billion

Price / Sales0.09

Cash Flow$8.26 per share

Price / Cash Flow0.85

Book Value$20.64 per share

Price / Book0.34

Profitability

EPS (Most Recent Fiscal Year)$2.91

Net Income$564 million

Net Margins2.30%

Return on Equity14.47%

Return on Assets4.23%

Miscellaneous

Employees123,000

Outstanding Shares309,670,000

Market Cap$2.17 billion

Next Earnings Date7/1/2020 (Confirmed)

OptionableOptionable

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Macy's (NYSE:M) Frequently Asked Questions

How has Macy's' stock been impacted by COVID-19 (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 shares have decreased by 26.0% and is now trading at $7.0216. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Macy's?

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.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, July 1st 2020. View our earnings forecast for Macy's.

How can I listen to Macy's' earnings call?

Macy's will be holding an earnings conference call on Wednesday, July 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Macy's' earnings last quarter?

Macy's Inc (NYSE:M) released its quarterly earnings results on Tuesday, February, 25th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.16. The business earned $8.34 billion during the quarter, compared to analysts' expectations of $8.32 billion. Macy's had a return on equity of 14.47% and a net margin of 2.30%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 earnings per share. View Macy's' earnings history.

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. Shareholders 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 21.48%. 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 issued an update on its first quarter 2020 IntraDay earnings guidance on Thursday, May, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3-3.03 billion, compared to the consensus revenue estimate of $3.29 billion.

What price target have analysts set for M?

14 equities research analysts have issued twelve-month price targets for Macy's' shares. Their forecasts range from $3.00 to $22.00. On average, they expect Macy's' stock price to reach $10.12 in the next year. This suggests a possible upside of 44.1% from the stock's current price. View analysts' price targets for Macy's.

Has Macy's been receiving favorable news coverage?

News articles about M stock have trended very negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macy's earned a media sentiment score of -3.1 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutMacy's.

Who are some of Macy's' key competitors?

Some companies that are related to Macy's include Harvey Norman (HVN), Kohl's (KSS), Marks and Spencer Group (MKS), Hudson's Bay (HBC), Dillard's (DDS), Briscoe Group (BGP), Myer (MYR), 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.

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), Micron Technology (MU), NVIDIA (NVDA), Ford Motor (F), Walt Disney (DIS), Netflix (NFLX), Bank of America (BAC) and Exxon Mobil (XOM).

Who are Macy's' key executives?

Macy's' management team includes the following people:

Mr. Jeffrey Gennette, Chairman & CEO (Age 58)
Mr. Harry A. Lawton III, Pres (Age 45)
Ms. Paula A. Price, CFO & Exec. VP (Age 58)
Ms. Elisa D. Garcia C., Chief Legal Officer, Exec. VP & Sec. (Age 61)
Ms. Danielle L. Kirgan, Chief HR Officer & Exec. VP (Age 43)

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 variety of institutional and retail investors. Top institutional investors include Yacktman Asset Management LP (14.68%), BlackRock Inc. (8.95%), State Street Corp (5.38%), Contrarius Investment Management Ltd (3.41%), Bank of New York Mellon Corp (2.19%) and Geode Capital Management LLC (1.76%). 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.

Which major investors are selling Macy's stock?

M stock was sold by a variety of institutional investors in the last quarter, including American International Group Inc., Bank of New York Mellon Corp, Exchange Traded Concepts LLC, BlackRock Inc., AQR Capital Management LLC, Invesco Ltd., Morgan Stanley, and Morgan Stanley. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Felicia Williams, John T Harper, and Paula A Price. View insider buying and selling activity for Macy's.

Which major investors are buying Macy's stock?

M stock was acquired by a variety of institutional investors in the last quarter, including Yacktman Asset Management LP, Prudential PLC, Two Sigma Advisers LP, State Street Corp, Capital World Investors, Prentice Capital Management LP, Voloridge Investment Management LLC, and APG Asset Management N.V.. 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $7.02.

How big of a company is Macy's?

Macy's has a market capitalization of $2.17 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.

What is Macy's' official website?

The official website for Macy's is www.macysinc.com.

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.

This page was last updated on 5/27/2020 by MarketBeat.com Staff