Macy's - M Stock Forecast, Price & News

12 Wall Street equities research 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 equities research analysts is that investors should "hold" M shares. 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 M analyst ratings or view top-rated stocks.

12 equities research analysts have issued 1 year price objectives for Macy's' shares. Their M share price forecasts range from $15.00 to $50.00. On average, they expect the company's stock price to reach $31.00 in the next year. This suggests a possible upside of 55.3% from the stock's current price.
View analysts price targets for M or view top-rated stocks among Wall Street analysts.

Macy's' stock was trading at $26.18 at the start of the year. Since then, M shares have decreased by 23.8% and is now trading at $19.96.
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Macy's saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 28,110,000 shares, a drop of 19.6% from the June 15th total of 34,980,000 shares. Based on an average trading volume of 14,410,000 shares, the short-interest ratio is currently 2.0 days. Approximately 10.5% of the company's stock are short sold.
View Macy's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our M earnings forecast.

Macy's will be holding an earnings conference call on Tuesday, August 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-203-1112 with passcode "7131743".

Macy's, Inc. (NYSE:M) issued its earnings results on Thursday, May, 26th. The company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.26. The firm had revenue of $5.35 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share.

Macy's declared a quarterly dividend on Thursday, May 26th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.157 per share on Friday, July 1st. This represents a $0.63 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, June 14th.
Read our dividend analysis for M.

Macy's (NYSE:M) pays an annual dividend of $0.63 per share and currently has a dividend yield of 3.16%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 14.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

Macy's declared that its board has authorized a stock buyback program on Tuesday, February 22nd 2022, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 28.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Macy's issued an update on its second quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share guidance of $0.84-$0.94 for the period, compared to the consensus earnings per share 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.

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

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).

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

Macy's' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (4.57%), Newport Trust Co (2.92%), Allianz Asset Management GmbH (1.39%), Northern Trust Corp (1.15%), Natixis (1.02%) and Douglas Lane & Associates LLC (0.67%). Insiders that own company 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 and Paul Griscom.
View institutional ownership trends.

Shares of M stock 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.
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One share of M stock can currently be purchased for approximately $19.96.

Macy's (NYSE:M) has a market capitalization of $5.38 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.

The company employs 88,857 workers across the globe.

Macy's was founded in 1858.

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