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NYSE:M

Macy's (M) Stock Forecast, Price & News

$21.37
+0.45 (+2.15%)
(As of 05/17/2022 01:40 PM ET)
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Compare
Today's Range
$19.09
$21.48
50-Day Range
$20.29
$27.64
52-Week Range
$15.68
$37.95
Volume
588,820 shs
Average Volume
11.93 million shs
Market Capitalization
$6.09 billion
P/E Ratio
4.65
Dividend Yield
2.92%
Beta
1.77
30 days | 90 days | 365 days | Advanced Chart
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Macy

About Macy's

Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. 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 New York, New York.

Headlines

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Industry, Sector and Symbol

Industry
Department stores
Sub-Industry
Department Stores
CUSIP
55616P10
Employees
88,857
Year Founded
1858

Sales & Book Value

Annual Sales
$24.46 billion
Cash Flow
$8.87 per share
Book Value
$12.38 per share

Profitability

Net Income
$1.43 billion
Pretax Margin
7.38%

Debt

Price-To-Earnings

Miscellaneous

Free Float
281,443,000
Market Cap
$6.09 billion
Optionable
Optionable

Company Calendar

Last Earnings
2/22/2022
Ex-Dividend for 4/1 Dividend
3/14/2022
Dividend Payable
4/01/2022
Today
5/17/2022
Next Earnings (Confirmed)
5/26/2022
Fiscal Year End
1/31/2023

Social Links


MarketRank

Overall MarketRank

3.14 out of 5 stars

Retail/Wholesale Sector

32nd out of 284 stocks

Department Stores Industry

2nd out of 6 stocks

Analyst Opinion: 4.1Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













Macy's (NYSE:M) Frequently Asked Questions

Is Macy's a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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.
View analyst ratings for Macy's
or view top-rated stocks.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Thursday, May 26th 2022.
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 Thursday, May 26th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-203-1112.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) issued its earnings results on Tuesday, February, 22nd. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.45. The firm earned $8.67 billion during the quarter, compared to the consensus estimate of $8.45 billion. Macy's had a trailing twelve-month return on equity of 53.59% and a net margin of 5.84%. Macy's's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the company earned $0.80 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 declared a quarterly dividend on Tuesday, February 22nd. Shareholders of record on Tuesday, March 15th will be given a dividend of $0.1575 per share on Friday, April 1st. This represents a $0.63 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Monday, March 14th. This is a boost from Macy's's previous quarterly dividend of $0.15.
View Macy's' dividend history
.

Is Macy's a good dividend stock?

Macy's pays an annual dividend of $0.63 per share and currently has a dividend yield of 2.92%. Macy's does not yet have a strong track record of dividend growth. The dividend payout ratio of Macy's is 13.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Macy's will have a dividend payout ratio of 14.86% next year. This indicates that Macy's will be able to sustain or increase its dividend.
View Macy's' dividend history.

How will Macy's' stock buyback program work?

Macy's announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 22nd 2022, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 28.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

What guidance has Macy's issued on next quarter's earnings?

Macy's issued an update on its first quarter 2022 earnings guidance on Wednesday, March, 16th. The company provided EPS guidance of $0.770-$0.850 for the period, compared to the consensus EPS estimate of $0.520. The company issued revenue guidance of $5.27 billion-$5.37 billion, compared to the consensus revenue estimate of $4.90 billion.

What price target have analysts set for M?

12 Wall Street analysts have issued 12 month price objectives for Macy's' stock. Their forecasts range from $20.00 to $50.00. On average, they expect Macy's' stock price to reach $32.64 in the next twelve months. This suggests a possible upside of 52.7% from the stock's current price.
View analysts' price targets for Macy's
or view top-rated stocks among Wall Street analysts.

Who are Macy's' key executives?
Macy's' management team includes the following people:
  • Mr. Jeffrey Gennette, Chairman & CEO (Age 61, Pay $4.72M)
  • Mr. Adrian V. Mitchell, Exec. VP & CFO (Age 48, Pay $2.24M) (LinkedIn Profile)
  • Ms. Elisa D. Garcia C., Exec. VP, Chief Legal Officer & Sec. (Age 64, Pay $1.64M)
  • Ms. Danielle L. Kirgan, Exec. VP, Chief Transformation & HR Officer (Age 46, Pay $2.19M)
  • Mr. Antony Spring, Exec. VP (Age 57, Pay $3.38M)
  • Mr. Paul Griscom, Sr. VP & Controller (Age 41) (LinkedIn Profile)
  • Ms. Laura Marie Miller, Chief Information Officer (Age 56)
  • Mr. Michael P. McGuire, Head of Investor Relations
  • Mr. William L. Hawthorne III, Sr. VP of Diversity Strategies & Legal Affairs (Age 66)
  • Mr. Bradley R. Mays, Sr. VP of Tax
What is Jeff Gennette's approval rating as Macy's' CEO?

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.

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

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.34%), Vanguard Group Inc. (10.72%), State Street Corp (4.11%), Arrowstreet Capital Limited Partnership (3.55%), Newport Trust Co (2.79%) and Dimensional Fund Advisors LP (2.71%). Company insiders that own Macy's stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, Paul C Varga and Paul Griscom.
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 Contrarius Investment Management Ltd, Q Global Advisors LLC, Bank of Montreal Can, BlackRock Inc., Group One Trading L.P., State Street Corp, Sculptor Capital LP, and Capital Fund Management S.A.. Company insiders that have sold Macy's company stock in the last year include Adrian V Mitchell, Antony Spring, 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.

Which major investors are buying Macy's stock?

M stock was acquired by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Vanguard Group Inc., Deer Park Road Corp, LSV Asset Management, UBS Group AG, Citigroup Inc., and Blueshift Asset Management LLC.
View insider buying and selling activity for Macy's
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $21.37.

How much money does Macy's make?

Macy's has a market capitalization of $6.09 billion and generates $24.46 billion in revenue each year. The company earns $1.43 billion in net income (profit) each year or $4.60 on an earnings per share basis.

How many employees does Macy's have?

Macy's employs 88,857 workers across the globe.

Does Macy's have any subsidiaries?

The following companies are subsidiares of Macy's: (Hong Kong) Limited, Advertex Communications Inc., Bloomingdale's LLC, Bloomingdales.com LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Limited, Macys.com LLC, Macy’s Backstage Inc., 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), Macy’s Merchandising Group Inc., Macy’s Merchandising Group International, 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.

When was Macy's founded?

Macy's was founded in 1858.

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 (513) 579-7780, via email at [email protected], or via fax at 212-494-1838.

This page was last updated on 5/17/2022 by MarketBeat.com Staff

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