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. Since then, M stock has decreased by 28.3% and is now trading at $6.80. 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) released its quarterly earnings results on Tuesday, June, 9th. The company reported ($2.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($2.35) by $0.32. The business earned $3.02 billion during 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 1.01%. View Macy's' earnings history.

Macy's declared 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 dividend on an annualized basis and a dividend yield of 22.18%. 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 (EPS) guidance of ($2.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($2.06). The company issued revenue guidance of $3.017 billion, compared to the consensus revenue estimate of $3.11 billion.

14 brokerages have issued 1-year price objectives for Macy's' stock. Their forecasts range from $3.00 to $22.00. On average, they expect Macy's' share price to reach $9.73 in the next twelve months. This suggests a possible upside of 43.1% from the stock's current price. View analysts' price targets for Macy's.

News coverage about M stock has trended negative this week, InfoTrie reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macy's earned a news impact score of -2.8 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. 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 volume of 41,610,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 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 (JCP), J. C. Penney (JCPNQ), 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."

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 $6.80.

Macy's has a market capitalization of $2.11 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.