Macy's - M Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" M shares. 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.
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12 Wall Street analysts have issued twelve-month target prices for Macy's' stock. Their M share price forecasts range from $15.00 to $45.00. On average, they anticipate the company's stock price to reach $27.08 in the next twelve months. This suggests a possible upside of 78.1% from the stock's current price.
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Macy's' stock was trading at $26.18 at the start of the year. Since then, M shares have decreased by 41.9% and is now trading at $15.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
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Macy's, Inc. (NYSE:M) issued its quarterly earnings data on Tuesday, August, 23rd. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. Macy's had a trailing twelve-month return on equity of 51.29% and a net margin of 6.16%. During the same period in the prior year, the company earned $1.29 earnings per share.

Macy's declared a quarterly dividend on Friday, August 26th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.1575 per share on Monday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, September 14th. This is a positive change from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for M.

Macy's (NYSE:M) pays an annual dividend of $0.63 per share and currently has a dividend yield of 4.01%. M has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 15.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

Macy's declared that its Board of Directors has authorized a share buyback 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 reacquire up to 28.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Macy's updated its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of $4.00-$4.20 for the period, compared to the consensus estimate of $4.51. The company issued revenue guidance of $24.34 billion-$24.58 billion, compared to the consensus revenue estimate of $24.36 billion.

2,528 employees have rated Macy's Chief Executive Officer Jeff Gennette on Glassdoor.com. Jeff Gennette has an approval rating of 62% among the company's employees. This puts Jeff Gennette in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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

Macy's' stock is owned by many different institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (4.57%), State Street Corp (3.63%), Newport Trust Co (2.92%), Allianz Asset Management GmbH (1.39%), Northern Trust Corp (1.15%) and Natixis (1.02%). Insiders that own company stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, Jeffrey Gennette, John T Harper, Paul C Varga and Paul Griscom.
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Shares of M stock 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.
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One share of M stock can currently be purchased for approximately $15.21.

Macy's (NYSE:M) has a market capitalization of $4.12 billion and generates $24.46 billion in revenue each year. The company earns $1.43 billion in net income (profit) each year or $5.17 on an earnings per share basis.

The company employs 88,857 workers across the globe.

Macy's' mailing address is 151 WEST 34TH STREET, NEW YORK NY, 10001. The official website for the company is www.macysinc.com. The company can be reached via phone at (513) 579-7780, via email at investors@macys.com, or via fax at 212-494-1838.