Macy's Stock Forecast, Price & News

$21.93
-0.19 (-0.86 %)
(As of 09/17/2021 04:00 PM ET)
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Today's Range
$21.67
$22.32
50-Day Range
$16.11
$23.59
52-Week Range
$5.57
$23.76
Volume15.87 million shs
Average Volume18.34 million shs
Market Capitalization$6.79 billion
P/E Ratio13.62
Dividend Yield2.71%
Beta2.11
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Macy

About Macy's

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

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MarketRank

Overall MarketRank

2.57 out of 5 stars

Retail/Wholesale Sector

50th out of 263 stocks

Department Stores Industry

1st out of 6 stocks

Analyst Opinion: 2.0Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
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Macy's (NYSE:M) Frequently Asked Questions

Is Macy's a buy right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 4 sell ratings, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.

What stocks does MarketBeat like better than Macy's?

Wall Street analysts have given Macy's a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Macy's wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Macy's?

Macy's saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 44,840,000 shares, an increase of 23.7% from the August 15th total of 36,250,000 shares. Based on an average daily trading volume, of 16,340,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 14.6% of the shares of the company are sold short.
View Macy's' Short Interest
.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Thursday, November 18th 2021.
View our earnings forecast for Macy's
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) announced its quarterly earnings data on Wednesday, August, 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $1.07. The company earned $5.65 billion during the quarter, compared to analyst estimates of $5 billion. Macy's had a net margin of 2.45% and a trailing twelve-month return on equity of 27.50%. The company's revenue was up 58.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.81) EPS.
View Macy's' earnings history
.

How has Macy's' stock been impacted by Coronavirus (COVID-19)?

Macy's' stock was trading at $9.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, M stock has increased by 131.1% and is now trading at $21.93.
View which stocks have been most impacted by COVID-19
.

How often does Macy's pay dividends? What is the dividend yield for Macy's?

Macy's announced a quarterly dividend on Thursday, August 19th. Investors of record on Wednesday, September 15th will be given a dividend of $0.15 per share on Friday, October 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, September 14th.
View Macy's' dividend history
.

Is Macy's a good dividend stock?

Macy's pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.71%.
View Macy's' dividend history.

How will Macy's' stock buyback program work?

Macy's declared that its Board of Directors has approved a stock buyback program on Thursday, August 19th 2021, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually an indication 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 updated its FY 2021 earnings guidance on Thursday, September, 16th. The company provided earnings per share guidance of $3.410-$3.750 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.240. The company issued revenue guidance of $23.55 billion-$23.95 billion, compared to the consensus revenue estimate of $22.12 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 $19.00 to $27.00. On average, they expect Macy's' share price to reach $23.11 in the next year. This suggests a possible upside of 5.4% 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:
  • Jeffrey Gennette, Chairman & Chief Executive Officer
  • Adrian V. Mitchell, Chief Financial Officer
  • Laura M. Miller, Chief Information Officer
  • Elisa D. Garcia, Secretary, Chief Legal Officer & Executive VP
  • Paul Griscom, Senior Vice President & Controller

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.

Who are some of Macy's' key 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), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Bank of America (BAC), Ford Motor (F), The 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.66%), Vanguard Group Inc. (10.80%), State Street Corp (4.32%), Newport Trust Co (2.68%), Yacktman Asset Management LP (2.66%) and Dimensional Fund Advisors LP (2.35%). Company insiders that own Macy's stock include C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, 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 Appaloosa LP, Citigroup Inc., Bank of New York Mellon Corp, Morgan Stanley, Morgan Stanley, Yacktman Asset Management LP, Thrivent Financial for Lutherans, and Citadel Advisors LLC. Company insiders that have sold Macy's company stock in the last year include 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 Renaissance Technologies LLC, Melvin Capital Management LP, Twin Tree Management LP, Man Group plc, Bank of Montreal Can, Vanguard Group Inc., Capital Fund Management S.A., and State of Wisconsin Investment Board.
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 $21.93.

How much money does Macy's make?

Macy's has a market capitalization of $6.79 billion and generates $17.35 billion in revenue each year. The company earns $-3,944,000,000.00 in net income (profit) each year or ($2.21) on an earnings per share basis.

How many employees does Macy's have?

Macy's employs 75,711 workers across the globe.

Does Macy's have any subsidiaries?

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

Where are Macy's' headquarters?

Macy's is headquartered at 151 WEST 34TH STREET, NEW YORK NY, 10001.

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 or via email at [email protected].


This page was last updated on 9/19/2021 by MarketBeat.com Staff
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