Macy's - M Stock Forecast, Price & News

11 Wall Street equities research 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 4 buy ratings for the stock. The consensus among Wall Street equities research 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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11 brokers have issued twelve-month target prices for Macy's' stock. Their M share price forecasts range from $15.00 to $35.00. On average, they predict the company's share price to reach $24.64 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
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Macy's' stock was trading at $20.65 at the beginning of the year. Since then, M shares have increased by 13.8% and is now trading at $23.50.
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Macy's saw a decrease in short interest in January. As of January 15th, there was short interest totaling 19,320,000 shares, a decrease of 12.5% from the December 31st total of 22,080,000 shares. Based on an average daily trading volume, of 10,080,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 7.2% of the shares of the company are sold short.
View Macy's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our M earnings forecast.

Macy's, Inc. (NYSE:M) issued its earnings results on Thursday, November, 17th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.19 by $0.33. The firm earned $5.23 billion during the quarter, compared to analyst estimates of $5.20 billion. Macy's had a net margin of 5.68% and a trailing twelve-month return on equity of 42.58%. Macy's's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS.

Macy's announced a quarterly dividend on Friday, October 28th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.1575 per share on Tuesday, January 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Wednesday, December 14th.
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 2.69%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 16.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

Macy's announced that its board has approved a stock repurchase plan on Tuesday, February 22nd 2022, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 28.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Macy's updated its fourth quarter earnings guidance on Friday, January, 6th. The company provided EPS guidance of $1.47-1.67 for the period, compared to the consensus earnings per share estimate of $1.62. The company issued revenue guidance of low-end to mid-point of $8.161-8.401 billion, compared to the consensus revenue estimate of $8.32 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 retail and institutional investors. Top institutional shareholders include Douglas Lane & Associates LLC (0.77%), Allspring Global Investments Holdings LLC (0.09%), Crossmark Global Holdings Inc. (0.06%), Yousif Capital Management LLC (0.06%), Cyndeo Wealth Partners LLC (0.05%) and National Bank of Canada FI (0.04%). 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 $23.50.

Macy's (NYSE:M) has a market capitalization of $6.37 billion and generates $24.46 billion in revenue each year. The company earns $1.43 billion in net income (profit) each year or $4.80 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 (212) 494-1621, via email at investors@macys.com, or via fax at 212-494-1838.