Macy's Stock Forecast, Price & News

Macy's' stock was trading at $9.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, M shares have increased by 37.1% and is now trading at $13.01.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 8 sell ratings, 3 hold ratings and 2 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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Wall Street analysts have given Macy's a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Macy's wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Macy's is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Macy's.

Macy's, Inc. (NYSE:M) posted its quarterly earnings data on Wednesday, November, 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.62. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.85 billion. Macy's had a negative return on equity of 8.21% and a negative net margin of 19.91%. During the same period in the prior year, the business earned $0.07 EPS.
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 dividend yield of 11.59%. The ex-dividend date is Thursday, March 12th.
View Macy's' dividend history.

13 Wall Street 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' stock price to reach $8.05 in the next twelve months. This suggests that the stock has a possible downside of 38.1%.
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Some companies that are related to Macy's include Kohl's (KSS), Marks and Spencer Group plc (MKS.L) (MKS), Dillard's (DDS), Old COPPER (JCPNQ), J C Penney (JCP), McColl's Retail Group plc (MCLS.L) (MCLS), Sears (SHLDQ), Laura Ashley (ALY), The Bon-Ton Stores (BONTQ), AuMake International Limited (AU8.AX) (AU8), Briscoe Group Limited (BGP.AX) (BGP), El Puerto de Liverpool (ELPQF), FamilyMart (FYRTY), Harvey Norman (HNORY) and Harvey Norman Holdings Limited (HVN.AX) (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 investors include Douglas Lane & Associates LLC (1.06%), State of Alaska Department of Revenue (0.08%), First Midwest Bank Trust Division (0.02%), Fruth Investment Management (0.01%), Crossmark Global Holdings Inc. (0.01%) and Gateway Investment Advisers LLC (0.01%). 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 and Paula A Price.
View institutional ownership trends for Macy's.

M stock was sold by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., and State of Alaska Department of Revenue. Company insiders that have sold Macy's company stock in the last year include Felicia Williams, and John T Harper.
View insider buying and selling activity for Macy's or view top insider-selling stocks.

M stock was purchased by a variety of institutional investors in the last quarter, including Douglas Lane & Associates LLC, First Midwest Bank Trust Division, Fruth Investment Management, and Gateway Investment Advisers LLC. Company insiders that have bought Macy's stock in the last two years include Francis S Blake, Harry A Lawton III, Jeffrey Gennette, and Joyce M Roche.
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.

One share of M stock can currently be purchased for approximately $13.01.

Macy's has a market capitalization of $4.04 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]