NYSE:MMacy's Stock Price, Forecast & News

$4.81

+0.36 (+8.09 %)

(As of 04/6/2020 06:54 AM ET)

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Today's Range

$4.40

Now: $4.81▼

$4.87

50-Day Range

$4.43

MA: $10.52▼

$16.74

52-Week Range

$4.38

Now: $4.81▼

$26.33

Volume99.53 million shs

Average Volume34.68 million shs

Market Capitalization$1.49 billion

P/E Ratio2.64

Dividend YieldN/A

Beta1.49

Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico. It also operated macys.com, bloomingdales.com, and bluemercury.com. In addition, the company offers licenses for its stores; and operates a beauty products and spa retailer under the bluemercury name. 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.

Beat the Market (BTM) Rank^™

3.8 Analyst's Opinion

Consensus Rating
Macy's has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on 1 buy rating, 5 hold ratings, and 8 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.23, Macy's has a potential upside of 216.6% from its current price of $4.81.
Amount of Analyst Coverage
Macy's has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Macy's has received 888 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Macy's has received 1,024 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Macy's has received 53.56% “underperform” votes from our community.

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.

0.8 Dividend Strength

Dividend Yield
Macy's does not currently pay a dividend.
Dividend Growth
Macy's does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Macy's will have a dividend payout ratio of 73.66 % next year. This indicates that Macy's will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Macy's insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $35,569.00 in company stock.
Percentage Held by Insiders
Only 0.55% of the stock of Macy's is held by insiders.
Percentage Held by Institutions
92.98% of the stock of Macy's is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

5.0 Earnings and Valuation

Earnings Growth
Earnings for Macy's are expected to grow by 81.42% in the coming year, from $1.13 to $2.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Macy's is 2.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Macy's is 2.64, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 14.29.
Price to Earnings Growth Ratio
Macy's has a PEG Ratio of 0.36. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Macy's has a P/B Ratio of 0.23. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.58 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Department stores

Sub-IndustryDepartment Stores

SectorRetail/Wholesale

Current SymbolNYSE:M

Previous SymbolNYSE:FD

CUSIP55616P10

CIK794367

Webhttp://www.macysinc.com/

Phone212-494-1602

Debt

Debt-to-Equity Ratio1.03

Current Ratio1.18

Quick Ratio0.28

Price-To-Earnings

Trailing P/E Ratio2.64

Forward P/E Ratio4.26

P/E Growth0.36

Sales & Book Value

Annual Sales$24.56 billion

Price / Sales0.06

Cash Flow$6.09 per share

Price / Cash Flow0.79

Book Value$20.64 per share

Price / Book0.23

Profitability

EPS (Most Recent Fiscal Year)$2.91

Net Income$564 million

Net Margins2.30%

Return on Equity14.47%

Return on Assets4.23%

Miscellaneous

Employees123,000

Outstanding Shares309,640,000

Market Cap$1.49 billion

Next Earnings Date5/20/2020 (Estimated)

OptionableOptionable

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Macy's (NYSE:M) Frequently Asked Questions

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

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. Since then, M shares have decreased by 49.3% and is now trading at $4.81. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Macy's?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 8 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Macy's.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, May 20th 2020. 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 Tuesday, February, 25th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.16. The business earned $8.34 billion during the quarter, compared to analyst estimates of $8.32 billion. Macy's had a return on equity of 14.47% and a net margin of 2.30%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.73 earnings per share. View Macy's' earnings history.

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

Macy's announced a quarterly dividend on Friday, February 28th. Shareholders of record on Friday, March 13th will be given a dividend of $0.377 per share on Wednesday, April 1st. This represents a $1.51 dividend on an annualized basis and a dividend yield of 31.35%. The ex-dividend date of this dividend is Thursday, March 12th. View Macy's' dividend history.

What guidance has Macy's issued on next quarter's earnings?

Macy's issued an update on its FY21 earnings guidance on Tuesday, February, 25th. The company provided earnings per share guidance of $2.20-$2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.46. The company issued revenue guidance of $23.6-$23.9 billion, compared to the consensus revenue estimate of $23.80 billion.

What price target have analysts set for M?

14 brokers have issued 1 year price objectives for Macy's' shares. Their forecasts range from $5.00 to $25.00. On average, they expect Macy's' share price to reach $15.23 in the next year. This suggests a possible upside of 216.6% from the stock's current price. View analysts' price targets for Macy's.

Has Macy's been receiving favorable news coverage?

Media stories about M stock have trended very negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Macy's earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutMacy's.

Are investors shorting Macy's?

Macy's saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 98,095,000 shares, an increase of 20.1% from the February 27th total of 81,710,000 shares. Based on an average trading volume of 15,170,000 shares, the short-interest ratio is currently 6.5 days. Currently, 31.8% of the company's stock are sold short. View Macy's' Current Options Chain.

Who are some of Macy's' key competitors?

Some companies that are related to Macy's include Harvey Norman (HVN), Hudson's Bay (HBC), Marks and Spencer Group (MKS), Kohl's (KSS), Briscoe Group (BGP), Dillard's (DDS), Myer (MYR), J C Penney (JCP), Aumake International (AU8), McColl's Retail Group (MCLS), Laura Ashley (ALY), FAMILYMART UNY/ADR (FYRTY), HARVEY NORMAN H/ADR (HNORY), Hudson's Bay (HBAYF) and LIVEPOL/BRSH MXN (ELPQF).

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 Verizon Communications (VZ), HCA Healthcare (HCA), Pandora Media (P), AT&T (T), NVIDIA (NVDA), Ryder System (R), Ford Motor (F), General Electric (GE), Bank of America (BAC) and Netflix (NFLX).

Who are Macy's' key executives?

Macy's' management team includes the following people:

Mr. Jeffrey Gennette, Chairman & CEO (Age 58)
Mr. Harry A. Lawton III, Pres (Age 45)
Ms. Paula A. Price, CFO & Exec. VP (Age 58)
Ms. Elisa D. Garcia C., Chief Legal Officer, Exec. VP & Sec. (Age 61)
Ms. Danielle L. Kirgan, Chief HR Officer & Exec. VP (Age 43)

What is Macy's' stock symbol?

Macy's trades on the New York Stock Exchange (NYSE) under the ticker symbol "M."

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, Robinhood, Fidelity, and Charles Schwab.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $4.81.

How big of a company is Macy's?

Macy's has a market capitalization of $1.49 billion and generates $24.56 billion in revenue each year. The company earns $564 million in net income (profit) each year or $2.91 on an earnings per share basis. Macy's employs 123,000 workers across the globe. View additional information about Macy's.

What is Macy's' official website?

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

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 212-494-1602.

This page was last updated on 4/6/2020 by MarketBeat.com Staff

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NYSE:MMacy's Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.8 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.3 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment