NYSE:MMacy's Stock Price, Forecast & News

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 shares have decreased by 22.2% and is now trading at $7.38.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 9 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Sell."
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Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020.
View our earnings forecast for Macy's.

Macy's Inc (NYSE:M) issued its quarterly earnings results on Tuesday, June, 9th. The company reported ($2.03) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($2.35) by $0.32. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.03 billion. Macy's had a negative net margin of 14.28% and a positive return on equity of 2.61%.
View Macy's' earnings history.

Macy's announced a quarterly dividend on Friday, February 28th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.377 per share on Wednesday, April 1st. This represents a $1.51 annualized dividend and a yield of 20.43%. The ex-dividend date of this dividend is Thursday, March 12th.
View Macy's' dividend history.

Macy's issued an update on its first quarter earnings guidance on Tuesday, June, 9th. The company provided earnings per share guidance of ($2.03) for the period, compared to the Thomson Reuters consensus EPS estimate of ($2.06). The company issued revenue guidance of $3.017 billion, compared to the consensus revenue estimate of $3.11 billion.

14 Wall Street analysts have issued twelve-month target prices for Macy's' stock. Their forecasts range from $3.00 to $22.00. On average, they expect Macy's' share price to reach $9.42 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price.
View analysts' price targets for Macy's.

News coverage about M stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Macy's earned a daily sentiment score of 2.8 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.
View the latest news about Macy's.

Macy's saw a decrease in short interest in July. As of July 31st, there was short interest totaling 143,740,000 shares, a decrease of 9.4% from the July 15th total of 158,630,000 shares. Based on an average daily volume of 42,620,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 46.7% of the shares of the company are sold short.
View Macy's' Short Interest.

Some companies that are related to Macy's include Harvey Norman (HVN), Kohl's (KSS), Marks and Spencer Group (MKS), Briscoe Group (BGP), Dillard's (DDS), Myer (MYR), J. C. Penney (JCPNQ), J C Penney (JCP), McColl's Retail Group (MCLS), Aumake International (AU8), Laura Ashley (ALY), FAMILYMART UNY/ADR (FYRTY), HARVEY NORMAN H/ADR (HNORY), Hudson's Bay (HBAYF) and LIVEPOL/BRSH MXN (ELPQF).
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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), NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Netflix (NFLX), Bank of America (BAC), Ford Motor (F), Walt Disney (DIS) and Advanced Micro Devices (AMD).

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

Macy's' stock is owned by many different institutional and retail investors. Top institutional shareholders include Yacktman Asset Management LP (10.93%), LSV Asset Management (1.20%), Douglas Lane & Associates LLC (0.76%), Principal Financial Group Inc. (0.76%), First Trust Advisors LP (0.71%) and SG Americas Securities LLC (0.59%). Company insiders that own Macy's stock include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Francis S Blake, Harry A Lawton III, Jeffrey Gennette, John T Harper, Joyce M Roche, Paula A Price and William H Lenehan.
View institutional ownership trends for Macy's.

M stock was sold by a variety of institutional investors in the last quarter, including Yacktman Asset Management LP, LSV Asset Management, State Board of Administration of Florida Retirement System, Stone Ridge Asset Management LLC, New York State Common Retirement Fund, Arizona State Retirement System, Envestnet Asset Management Inc., and Balasa Dinverno & Foltz LLC. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Felicia Williams, and John T Harper.
View insider buying and selling activity for Macy's.

M stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., SG Americas Securities LLC, First Trust Advisors LP, Douglas Lane & Associates LLC, Zweig DiMenna Associates LLC, Comerica Bank, Cambridge Investment Research Advisors Inc., and P.A.W. Capital Corp. Company insiders that have bought Macy's stock in the last two years include Francis S Blake, Harry A Lawton III, Jeffrey Gennette, Joyce M Roche, and William H Lenehan.
View insider buying and selling activity for 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.

One share of M stock can currently be purchased for approximately $7.38.

Macy's has a market capitalization of $2.29 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.

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

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]