Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com. The company also operates as a beauty products and spa retailer. 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Department stores
Sub-IndustryDepartment Stores
SectorRetail/Wholesale
Current SymbolNYSE:M
Previous SymbolNYSE:FD
CUSIP55616P10
Phone513-579-7000
Debt
Debt-to-Equity Ratio0.97
Current Ratio1.35
Quick Ratio0.24
Price-To-Earnings
Trailing P/E Ratio7.36
Forward P/E Ratio7.50
P/E Growth0.88
Sales & Book Value
Annual Sales$24.84 billion
Price / Sales0.38
Cash Flow$6.9097 per share
Price / Cash Flow4.43
Book Value$18.36 per share
Price / Book1.67
Profitability
EPS (Most Recent Fiscal Year)$3.77
Net Income$1.55 billion
Net Margins6.72%
Return on Equity22.33%
Return on Assets6.59%
Miscellaneous
Employees130,000
Outstanding Shares307,470,000
Market Cap$9.41 billion
OptionableOptionable
Macy's (NYSE:M) Frequently Asked Questions
What is Macy's' stock symbol?
Macy's trades on the New York Stock Exchange (NYSE) under the ticker symbol "M."
How often does Macy's pay dividends? What is the dividend yield for Macy's?
Macy's announced a quarterly dividend on Friday, October 26th. Shareholders of record on Friday, December 14th will be given a dividend of $0.3775 per share on Wednesday, January 2nd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, December 13th. View Macy's' Dividend History.
How were Macy's' earnings last quarter?
Macy's Inc (NYSE:M) issued its quarterly earnings results on Wednesday, November, 14th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.13. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.40 billion. Macy's had a return on equity of 22.33% and a net margin of 6.72%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. View Macy's' Earnings History.
When is Macy's' next earnings date?
What guidance has Macy's issued on next quarter's earnings?
Macy's issued an update on its FY19 earnings guidance on Wednesday, November, 14th. The company provided earnings per share (EPS) guidance of $4.10-4.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.02. The company issued revenue guidance of +0.3-0.7% to ~$24.92-25.01 billion, compared to the consensus revenue estimate of $25.00 billion.
What price target have analysts set for M?
20 equities research analysts have issued 12 month target prices for Macy's' shares. Their forecasts range from $5.50 to $43.00. On average, they expect Macy's' share price to reach $34.0313 in the next year. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for Macy's.
What is the consensus analysts' recommendation for Macy's?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 3 sell ratings, 10 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macy's.
What are Wall Street analysts saying about Macy's stock?
Here are some recent quotes from research analysts about Macy's stock:
- 1. According to Zacks Investment Research, "Shares of Macy’s have declined and underperformed the industry in the past three months. The bearish sentiment on the stock is quite reflected from the current Zacks Consensus Estimate of earnings for the third quarter of fiscal 2018. The estimate suggests a considerable decline from the prior-year period. Analysts cited industry related challenges and stiff competition from online retailers as reasons. Nevertheless, we believe that the company remains focused on price, merchandising, private label brands, technology and omnichannel capabilities. These efforts aided the company to post impressive second-quarter fiscal 2018 results, wherein the bottom line beat the consensus estimate and grew year over year. However, net sales fell short of the consensus mark and slid year over year. Nonetheless, analysts pointed that strategic investments in long term endeavors may put pressure on margins in the short run. Estimates have been stable lately." (11/14/2018)
- 2. Cowen Inc analysts commented, "We update Discovery (DISCA, Neutral, $24 PT) estimates for the recent international PGA Tour deal, and as a follow up to recent earnings. Overall, our core OIBDA estimates don’t move much. We want to like the novel PGA partnership, but see the initial take of minimal impact to the P&L in the initial years as arguing for a wait and see approach. Our core stance on Discovery’s equity remains one of benign consternation. Discovery, we believe, is executing pretty well in a secularly challenged cable network sector that investors seem to basically hate at the moment. Its FCF valuation looks way too cheap. But we don’t know what prompts a re-rating at this point." (6/7/2018)
Has Macy's been receiving favorable news coverage?
Media headlines about M stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. 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 media sentiment score of -2.0 on InfoTrie's scale. They also assigned news stories 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.
Who are some of Macy's' key competitors?
Some companies that are related to Macy's include Burlington Stores (BURL), Kohl's (KSS), Dillard's (DDS), J C Penney (JCP), Sears Hometown and Outlet Stores (SHOS), Aumake International (AU8), Debenhams (DEB), FAMILYMART UNY/ADR (FYRTY), HARVEY NORMAN H/ADR (HNORY), Harvey Norman (HVN), Hudson's Bay (HBC), Hudson's Bay (HBAYF), Laura Ashley (ALY), LIVEPOL/BRSH MXN (ELPQF) and Marks and Spencer Group (MKS).
Who are Macy's' key executives?
Macy's' management team includes the folowing people:
- Mr. Jeffrey Gennette, Chairman & CEO (Age 57)
- Mr. Harry A. Lawton III, Pres (Age 44)
- Ms. Elisa D. Garcia C., Chief Legal Officer & Sec. (Age 60)
- Ms. Danielle L. Kirgan, Chief HR Officer (Age 42)
- Mr. Jeffrey A. Kantor, Chief Merchandising Officer (Age 59)
Who are Macy's' major shareholders?
Macy's' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc (11.45%), BlackRock Inc. (9.29%), American International Group Inc. (5.71%), AQR Capital Management LLC (3.90%), Bank of New York Mellon Corp (2.50%) and Dimensional Fund Advisors LP (2.28%). Company insiders that own Macy's stock include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Harry A Lawton III, Jeffrey Gennette, John A Bryant, Karen M Hoguet, Marna C Whittington, Molly Langenstein, Terry J Lundgren and William H Lenehan. View Institutional Ownership Trends for Macy's.
Which institutional investors are selling Macy's stock?
M stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Scopus Asset Management L.P., FMR LLC, Dimensional Fund Advisors LP, Prudential Financial Inc., Morgan Stanley, Neuberger Berman Group LLC and Mitsubishi UFJ Trust & Banking Corp. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Harry A Lawton III, Karen M Hoguet and Marna C Whittington. View Insider Buying and Selling for Macy's.
Which institutional investors are buying Macy's stock?
M stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Vanguard Group Inc, Janus Henderson Group PLC, TIAA CREF Investment Management LLC, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Allianz Asset Management GmbH and Polaris Greystone Financial Group LLC. Company insiders that have bought Macy's stock in the last two years include Jeffrey Gennette, John A Bryant, Terry J Lundgren and William H Lenehan. View Insider Buying and Selling for Macy's.
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, Scottrade, Fidelity and Charles Schwab.
What is Macy's' stock price today?
One share of M stock can currently be purchased for approximately $30.61.
How big of a company is Macy's?
Macy's has a market capitalization of $9.47 billion and generates $24.84 billion in revenue each year. The company earns $1.55 billion in net income (profit) each year or $3.77 on an earnings per share basis. Macy's employs 130,000 workers across the globe.
What is Macy's' official website?
How can I contact Macy's?
Macy's' mailing address is 7 West Seventh Street, Cincinnati OH, 45202. The company can be reached via phone at 513-579-7000.
MarketBeat Community Rating for Macy's (NYSE M)
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.
