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 April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com. 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 Cincinnati, Ohio.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Department stores
Sub-IndustryDepartment Stores
SectorRetail/Wholesale
SymbolNYSE:M
CUSIP55616P10
Phone513-579-7000
Debt
Debt-to-Equity Ratio1.01
Current Ratio1.52
Quick Ratio0.48
Price-To-Earnings
Trailing P/E Ratio10.25
Forward P/E Ratio9.99
P/E Growth1.18
Sales & Book Value
Annual Sales$24.84 billion
Price / Sales0.48
Cash Flow$6.9018 per share
Price / Cash5.60
Book Value$18.59 per share
Price / Book2.08
Profitability
EPS (Most Recent Fiscal Year)$3.77
Net Income$1.55 billion
Net Margins6.45%
Return on Equity24.56%
Return on Assets6.34%
Miscellaneous
Employees130,000
Outstanding Shares306,370,000
Market Cap$11,841.23
Macy's (NYSE:M) Frequently Asked Questions
What is Macy's' stock symbol?
Macy's trades on the New York Stock Exchange (NYSE) under the ticker symbol "M."
How often does Macy's pay dividends? What is the dividend yield for Macy's?
Macy's announced a quarterly dividend on Friday, May 18th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.3775 per share on Monday, July 2nd. This represents a $1.51 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, June 14th. View Macy's' Dividend History.
How were Macy's' earnings last quarter?
Macy's Inc (NYSE:M) issued its quarterly earnings data on Wednesday, May, 16th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.12. The firm earned $5.54 billion during the quarter, compared to analysts' expectations of $5.39 billion. Macy's had a return on equity of 24.56% and a net margin of 6.45%. The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. View Macy's' Earnings History.
When is Macy's' next earnings date?
What guidance has Macy's issued on next quarter's earnings?
Macy's issued an update on its FY19 earnings guidance on Wednesday, May, 16th. The company provided earnings per share (EPS) guidance of $3.75-3.95 for the period, compared to the Thomson Reuters consensus estimate of $3.60. The company issued revenue guidance of (1)-0.5% to ~$24.59-24.96 billion, compared to the consensus revenue estimate of $24.62 billion.
What price target have analysts set for M?
19 brokers have issued 12-month target prices for Macy's' stock. Their forecasts range from $9.50 to $43.00. On average, they expect Macy's' stock price to reach $31.2188 in the next twelve months. This suggests that the stock has a possible downside of 19.2%. View Analyst Ratings for Macy's.
What is the consensus analysts' recommendation for Macy's?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 2 sell ratings, 10 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Macy's stock?
Here are some recent quotes from research analysts about Macy's stock:
- 1. According to Zacks Investment Research, "Shares of Macy’s have not only shown a bullish run but also outpaced the industry in the past six months, courtesy to slew of measures undertaken to adapt to the dynamic retail landscape. The company remains focused on price, merchandising, private label brands, technology and omnichannel capabilities. These efforts aided the company to post impressive first-quarter results, wherein both the top and bottom lines beat the consensus mark and improved year over year. The company highlighted that impressive performance across Macy’s, Bloomingdale’s and Bluemercury brands favorably impacted the results. Sturdy quarterly show encouraged management to lift sales and earnings view for fiscal 2018. However, Macy’s hinted that comps are likely to remain soft during the second quarter. Further, analysts pointed that the company’s strategic investments in long term endeavors may put pressure on margins in the short term." (7/20/2018)
- 2. Cowen Inc analysts commented, "We update Discovery (DISCA, Neutral, $24 PT) estimates for the recent international PGA Tour deal, and as a follow up to recent earnings. Overall, our core OIBDA estimates don’t move much. We want to like the novel PGA partnership, but see the initial take of minimal impact to the P&L in the initial years as arguing for a wait and see approach. Our core stance on Discovery’s equity remains one of benign consternation. Discovery, we believe, is executing pretty well in a secularly challenged cable network sector that investors seem to basically hate at the moment. Its FCF valuation looks way too cheap. But we don’t know what prompts a re-rating at this point." (6/7/2018)
- 3. Guggenheim analysts commented, "We remain BUY-rated and raise our PT to $36 (from $32)." (5/16/2018)
- 4. Citigroup Inc analysts commented, "significant" sales and margins, Lejuez said in the downgrade note. In fact, the core retail business is not only weak but is getting weaker, as credit income and asset sales won't support profits in the future as has been the case in the past. Various initiatives put in place to offset negative store traffic and margin pressures, such as Last Act and Blue Mercury, has seen some success but not enough to "move the dial." (10/30/2017)
Are investors shorting Macy's?
Macy's saw a increase in short interest during the month of June. As of June 29th, there was short interest totalling 45,309,361 shares, an increase of 8.3% from the June 15th total of 49,413,303 shares. Based on an average daily volume of 5,969,712 shares, the days-to-cover ratio is currently 7.6 days. Currently, 14.8% of the company's stock are short sold. View Macy's' Current Options Chain.
Who are some of Macy's' key competitors?
Some companies that are related to Macy's include Kohl's (KSS), Burlington Stores (BURL), Marks and Spencer Group (MKS), Harvey Norman (HVN), Dillard's (DDS), Hudson's Bay (HBC), LIVEPOL/BRSH MXN (ELPQF), Hudson's Bay (HBAYF), J C Penney (JCP), Myer (MYR), Debenhams (DEB), McColl's Retail Group (MCLS), Sears (SHLD), Sears Hometown and Outlet Stores (SHOS) and Aumake International (AU8).
Who are Macy's' key executives?
Macy's' management team includes the folowing people:
- Mr. Jeffrey Gennette, Chairman & CEO (Age 57)
- Mr. Harry A. Lawton III, Pres (Age 44)
- Ms. Elisa D. Garcia C., Chief Legal Officer & Sec. (Age 60)
- Ms. Danielle L. Kirgan, Chief HR Officer (Age 42)
- Mr. Jeffrey A. Kantor, Chief Merchandising Officer (Age 59)
Has Macy's been receiving favorable news coverage?
News coverage about M stock has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Macy's earned a media sentiment score of 0.24 on Accern's scale. They also gave media stories about the company an impact score of 47.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Macy's' major shareholders?
Macy's' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.15%), Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.06%), Smith Graham & Co. Investment Advisors LP (0.05%), James Investment Research Inc. (0.05%), Retirement Systems of Alabama (0.05%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Macy's stock include Craig Weatherup, Deirdre P Connelly, Felicia Williams, Jeffrey Gennette, John A Bryant, Karen M Hoguet, Marna C Whittington, Molly Langenstein, Terry J Lundgren 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 Bank of Montreal Can, NN Investment Partners Holdings N.V., Smith Graham & Co. Investment Advisors LP, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Atria Investments LLC, Empowered Funds LLC, State of Alaska Department of Revenue and James Investment Research Inc.. Company insiders that have sold Macy's company stock in the last year include Deirdre P Connelly, Felicia Williams, Karen M Hoguet and Marna C Whittington. View Insider Buying and Selling for Macy's.
Which major investors are buying Macy's stock?
M stock was purchased by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Cornerstone Wealth Management LLC, Oakbrook Investments LLC, FormulaFolio Investments LLC, Contravisory Investment Management Inc., Rockland Trust Co., Bristol Advisors LLC and Whittier Trust Co. of Nevada Inc.. Company insiders that have bought Macy's stock in the last two years include Jeffrey Gennette, John A Bryant, Terry J Lundgren and William H Lenehan. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Macy's' stock price today?
One share of M stock can currently be purchased for approximately $38.65.
How big of a company is Macy's?
Macy's has a market capitalization of $11.84 billion and generates $24.84 billion in revenue each year. The company earns $1.55 billion in net income (profit) each year or $3.77 on an earnings per share basis. Macy's employs 130,000 workers across the globe.
How can I contact Macy's?
Macy's' mailing address is 7 West Seventh Street, Cincinnati OH, 45202. The company can be reached via phone at 513-579-7000.
MarketBeat Community Rating for Macy's (NYSE M)
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.
