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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:M

Macy's Stock Forecast, Price & News

$20.96
+1.89 (+9.91%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$19.09
$21.05
50-Day Range
$17.61
$26.81
52-Week Range
$15.68
$37.95
Volume
50.96 million shs
Average Volume
11.43 million shs
Market Capitalization
$5.65 billion
P/E Ratio
3.98
Dividend Yield
3.30%
Price Target
$31.83
30 days | 90 days | 365 days | Advanced Chart

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M Stock Forecast (MarketRank)

Overall MarketRank

2.95 out of 5 stars

Retail/Wholesale Sector

43rd out of 283 stocks

Department Stores Industry

3rd out of 6 stocks

Analyst Opinion: 3.1Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Macy

About Macy's (NYSE:M)

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 January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. 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 New York, New York.

M Stock News Headlines

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Industry, Sector and Symbol

Industry
Department stores
Sub-Industry
Department Stores
CUSIP
55616P10
Employees
88,857
Year Founded
1858

Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2022
Dividend Payable
4/01/2022
Last Earnings
5/26/2022
Ex-Dividend for 7/1 Dividend
6/14/2022
Today
6/25/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
8/18/2022
Fiscal Year End
1/31/2023

Price Target and Rating

Average Stock Price Forecast
$31.83
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+51.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$1.43 billion
Pretax Margin
8.44%

Debt

Sales & Book Value

Annual Sales
$24.46 billion
Cash Flow
$9.84 per share
Book Value
$12.15 per share

Miscellaneous

Free Float
268,169,000
Market Cap
$5.65 billion
Optionable
Optionable
Beta
1.77

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Macy's Frequently Asked Questions

Should I buy or sell Macy's stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 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.
View analyst ratings for Macy's
or view top-rated stocks.

What is Macy's' stock price forecast for 2022?

12 brokers have issued twelve-month price targets for Macy's' stock. Their M stock forecasts range from $22.00 to $50.00. On average, they expect Macy's' share price to reach $31.83 in the next year. This suggests a possible upside of 51.9% from the stock's current price.
View analysts' price targets for Macy's
or view top-rated stocks among Wall Street analysts.

How has Macy's' stock price performed in 2022?

Macy's' stock was trading at $26.18 at the beginning of the year. Since then, M stock has decreased by 19.9% and is now trading at $20.96.
View the best growth stocks for 2022 here
.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
View our earnings forecast for Macy's
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) announced its earnings results on Thursday, May, 26th. The company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.26. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.33 billion. Macy's had a net margin of 6.42% and a trailing twelve-month return on equity of 56.91%. The business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share.
View Macy's' earnings history
.

How often does Macy's pay dividends? What is the dividend yield for Macy's?

Macy's declared a quarterly dividend on Thursday, May 26th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.157 per share on Friday, July 1st. This represents a $0.63 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, June 14th.
View Macy's' dividend history
.

Is Macy's a good dividend stock?

Macy's(NYSE:M) pays an annual dividend of $0.63 per share and currently has a dividend yield of 3.30%. Macy's does not yet have a strong track record of dividend growth. The dividend payout ratio of Macy's is 11.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Macy's will have a dividend payout ratio of 13.82% next year. This indicates that Macy's will be able to sustain or increase its dividend.
View Macy's' dividend history.

How will Macy's' stock buyback program work?

Macy's declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 22nd 2022, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 28.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

What guidance has Macy's issued on next quarter's earnings?

Macy's updated its second quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (EPS) guidance of $0.84-$0.94 for the period, compared to the consensus estimate of $0.81. The company issued revenue guidance of $5.48 billion-$5.55 billion, compared to the consensus revenue estimate of $5.49 billion.

Who are Macy's' key executives?

Macy's' management team includes the following people:

What is Jeff Gennette's approval rating as Macy's' CEO?

2,528 employees have rated Macy's CEO Jeff Gennette on Glassdoor.com. Jeff Gennette has an approval rating of 62% among Macy's' employees. This puts Jeff Gennette in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Macy's own?

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), Walt Disney (DIS) and Tesla (TSLA).

What is Macy's' stock symbol?

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

Who are Macy's' major shareholders?

Macy's' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.34%), Vanguard Group Inc. (10.72%), State Street Corp (4.11%), Arrowstreet Capital Limited Partnership (3.55%), Newport Trust Co (2.79%) and Dimensional Fund Advisors LP (2.71%). Company insiders that own Macy's stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, Jeffrey Gennette, John T Harper, Joyce M Roche, Paul C Varga, Paul Griscom and Paula A Price.
View institutional ownership trends for Macy's
.

Which major investors are selling Macy's stock?

M stock was sold by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Q Global Advisors LLC, Bank of Montreal Can, BlackRock Inc., Group One Trading L.P., State Street Corp, Sculptor Capital LP, and Sculptor Capital LP. Company insiders that have sold Macy's company stock in the last two years include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, and Paul Griscom.
View insider buying and selling activity for Macy's
or view top insider-selling stocks.

Which major investors are buying Macy's stock?

M stock was purchased by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Vanguard Group Inc., Deer Park Road Corp, LSV Asset Management, Jane Street Group LLC, UBS Group AG, and Bank of America Corp DE.
View insider buying and selling activity for Macy's
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $20.96.

How much money does Macy's make?

Macy's (NYSE:M) has a market capitalization of $5.65 billion and generates $24.46 billion in revenue each year. The company earns $1.43 billion in net income (profit) each year or $5.26 on an earnings per share basis.

How many employees does Macy's have?

Macy's employs 88,857 workers across the globe.

Does Macy's have any subsidiaries?

The following companies are subsidiares of Macy's: (Hong Kong) Limited, Advertex Communications Inc., Bloomingdale's LLC, Bloomingdales.com LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Limited, Macys.com LLC, Macy’s Backstage Inc., Macy’s Corporate Services LLC, Macy’s Credit Operations Inc., Macy’s Credit and Customer Services Inc., Macy’s Inventory Funding LLC, Macy’s Inventory Holdings LLC, Macy’s Merchandising Corporation, Macy’s Merchandising Group (Hong Kong), Macy’s Merchandising Group Inc., Macy’s Merchandising Group International, Macy’s Merchandising Group International LLC, Macy’s Merchandising Group Procurement LLC, Macy’s Propco Holdings LLC, Macy’s Puerto Rico Inc., Macy’s Retail Holdings LLC, Macy’s Systems and Technology Inc., May Department Stores Company, STORY, and West 34th Street Insurance Company New York.
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When was Macy's founded?

Macy's was founded in 1858.

How can I contact Macy's?

Macy's' mailing address is 151 WEST 34TH STREET, NEW YORK NY, 10001. The official website for Macy's is www.macysinc.com. The company can be reached via phone at (513) 579-7780, via email at [email protected], or via fax at 212-494-1838.

This page (NYSE:M) was last updated on 6/25/2022 by MarketBeat.com Staff

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