Macy's - M Stock Forecast, Price & News

11 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 4 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.
View M analyst ratings or view top-rated stocks.

11 Wall Street research analysts have issued 1-year price objectives for Macy's' shares. Their M share price forecasts range from $15.00 to $30.00. On average, they anticipate the company's stock price to reach $24.27 in the next year. This suggests a possible upside of 41.6% from the stock's current price.
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Macy's' stock was trading at $20.65 on January 1st, 2023. Since then, M shares have decreased by 17.0% and is now trading at $17.14.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our M earnings forecast.

Macy's, Inc. (NYSE:M) issued its quarterly earnings data on Thursday, March, 2nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.31. The company had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $8.27 billion. Macy's had a net margin of 4.82% and a trailing twelve-month return on equity of 35.06%. The company's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 EPS.

Macy's declared a quarterly dividend on Friday, February 24th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.1654 per share on Monday, April 3rd. This represents a $0.66 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for M.

ETFs with the largest weight of Macy's (NYSE:M) stock in their portfolio include Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Value ETF (RFV), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Invesco S&P MidCap 400 Revenue ETF (RWK), Invesco S&P MidCap Quality ETF (XMHQ), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL) and iShares Factors US Value Style ETF (STLV).

Macy's (NYSE:M) pays an annual dividend of $0.66 per share and currently has a dividend yield of 3.58%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 16.97% 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 authorized a share repurchase plan on Tuesday, February 22nd 2022, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 28.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Macy's issued an update on its FY 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share (EPS) guidance of $3.67-$4.11 for the period, compared to the consensus estimate of $4.20. The company issued revenue guidance of $23.70 billion-$24.20 billion, compared to the consensus revenue estimate of $24.49 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 a variety of retail and institutional investors. Top institutional investors include Arrowstreet Capital Limited Partnership (3.90%), Dimensional Fund Advisors LP (3.66%), Newport Trust Co (2.87%), Appaloosa LP (2.19%), Susquehanna International Group LLP (0.00%) and AQR Capital Management LLC (1.52%). 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 $17.14.

Macy's (NYSE:M) has a market capitalization of $4.65 billion and generates $25.31 billion in revenue each year. The company earns $1.18 billion in net income (profit) each year or $4.19 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.