Macy's Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 4 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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Macy's is scheduled to release its next quarterly earnings announcement on Thursday, August 19th 2021.
View our earnings forecast for Macy's.

Macy's will be holding an earnings conference call on Thursday, August 19th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-203-1112 with passcode "1495500".

Macy's, Inc. (NYSE:M) announced its quarterly earnings results on Tuesday, May, 18th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.80. The business earned $4.71 billion during the quarter, compared to the consensus estimate of $4.23 billion. Macy's had a negative net margin of 1.36% and a positive trailing twelve-month return on equity of 2.78%. The firm's revenue for the quarter was up 56.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.03) earnings per share.
View Macy's' earnings history.

Macy's' stock was trading at $9.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, M stock has increased by 79.1% and is now trading at $17.00.
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Macy's issued an update on its FY 2021 earnings guidance on Tuesday, June, 15th. The company provided EPS guidance of $1.710-2.120 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.790. The company issued revenue guidance of $21.73 billion-22.23 billion, compared to the consensus revenue estimate of $20.73 billion.

9 brokers have issued 1 year target prices for Macy's' shares. Their forecasts range from $14.00 to $23.00. On average, they anticipate Macy's' stock price to reach $17.67 in the next twelve months. This suggests a possible upside of 3.9% from the stock's current price.
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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.

Some companies that are related to Macy's include Kohl's (KSS), Dillard's (DDS), Marks and Spencer Group (MKS), Old COPPER (JCPNQ), McColl's Retail Group (MCLS), J. C. Penney (CPPRQ), Sears (SHLDQ), Laura Ashley (ALY), AuMake International Limited (AU8.AX) (AU8), AuMake (AUK), Briscoe Group (BGP), El Puerto de Liverpool (ELPQF), FamilyMart (FYRTY), Grupo Comercial Chedraui (GCHEF) and Harvey Norman (HVN).
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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).

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 (0.90%), Alliancebernstein L.P. (0.19%), State of Alaska Department of Revenue (0.07%), QV Investors Inc. (0.06%), Oregon Public Employees Retirement Fund (0.04%) and Dupont Capital Management Corp (0.02%). Company insiders that own Macy's stock include C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, Jeffrey Gennette, John T Harper, Joyce M Roche, Paul C Varga and Paul Griscom.
View institutional ownership trends for Macy's.

M stock was sold by a variety of institutional investors in the last quarter, including Douglas Lane & Associates LLC, Advisors Asset Management Inc., XR Securities LLC, QV Investors Inc., Versant Capital Management Inc, and Oregon Public Employees Retirement Fund. 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.

M stock was acquired by a variety of institutional investors in the last quarter, including Dupont Capital Management Corp, Alliancebernstein L.P., Cutler Group LP, Convergence Investment Partners LLC, Versor Investments LP, State of Alaska Department of Revenue, Exchange Traded Concepts LLC, and IFP Advisors Inc. Company insiders that have bought Macy's stock in the last two years include Joyce M Roche, and Paul C Varga.
View insider buying and selling activity for Macy's or or view top insider-buying stocks.

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.
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One share of M stock can currently be purchased for approximately $17.00.

Macy's has a market capitalization of $5.30 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.

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

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.

Macy's was founded in 1858.

The official website for Macy's is www.macysinc.com.

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

Macy's' mailing address is 151 WEST 34TH STREET, NEW YORK NY, 10001. The company can be reached via phone at 212-494-1602 or via email at [email protected]