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 stock has decreased by 30.2% and is now trading at $6.62. View which stocks have been most impacted by Coronavirus.

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.

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

Macy's declared a quarterly dividend on Friday, February 28th. Stockholders 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 22.78%. The ex-dividend date is Thursday, March 12th. View Macy's' dividend history.

Macy's updated its first quarter earnings guidance on Tuesday, June, 9th. The company provided EPS 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 equities research analysts have issued 12-month price targets for Macy's' shares. Their forecasts range from $3.00 to $22.00. On average, they anticipate Macy's' share price to reach $9.65 in the next twelve months. This suggests a possible upside of 45.8% from the stock's current price. View analysts' price targets for Macy's.

Press coverage about M stock has been trending negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. 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 media sentiment score of -2.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Macy's.

Macy's saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 123,980,000 shares, a drop of 6.1% from the May 31st total of 132,060,000 shares. Based on an average daily trading volume, of 41,610,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 42.2% of the shares of the company are sold short. View Macy's' Current Options Chain.

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). View all competitors.

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), Micron Technology (MU), NVIDIA (NVDA), Ford Motor (F), Walt Disney (DIS), Netflix (NFLX), Bank of America (BAC) and Exxon Mobil (XOM).

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

Macy's' stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.09%), Envestnet Asset Management Inc. (0.00%) and Campbell Capital Management Inc. (0.00%). 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 Envestnet Asset Management Inc.. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Felicia Williams, John T Harper, and Paula A Price. View insider buying and selling activity for Macy's.

M stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Campbell Capital Management Inc.. 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 $6.62.

Macy's has a market capitalization of $2.05 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.