S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
The Next Big Crisis Is Here (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
Is This The End of Capitalism? (Ad)
FTX's Sam Bankman-Fried, DOJ tussle over his communications
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
The Next Big Crisis Is Here (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
Is This The End of Capitalism? (Ad)
FTX's Sam Bankman-Fried, DOJ tussle over his communications
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
The Next Big Crisis Is Here (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
Is This The End of Capitalism? (Ad)
FTX's Sam Bankman-Fried, DOJ tussle over his communications
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
The Next Big Crisis Is Here (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
Is This The End of Capitalism? (Ad)
FTX's Sam Bankman-Fried, DOJ tussle over his communications
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
NYSE:M

Macy's - M Stock Forecast, Price & News

$23.08
-0.39 (-1.66%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$23.07
$23.61
50-Day Range
$20.02
$23.65
52-Week Range
$15.10
$28.21
Volume
5.62 million shs
Average Volume
8.80 million shs
Market Capitalization
$6.26 billion
P/E Ratio
4.81
Dividend Yield
2.73%
Price Target
$24.64

Macy's MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
6.7% Upside
$24.64 Price Target
Short Interest
Healthy
7.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.87
Upright™ Environmental Score
News Sentiment
0.80mentions of Macy
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-9.62%
From $4.16 to $3.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Retail/Wholesale Sector

96th out of 216 stocks

Department Stores Industry

1st out of 4 stocks


M stock logo

About Macy's (NYSE:M) Stock

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

Receive M Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Macy's and its competitors with MarketBeat's FREE daily newsletter.

M Stock News Headlines

Macy's (NYSE:M) PT Lowered to $26.00
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Macy’s, Inc. (NYSE:M) Q3 2022 Earnings Call Transcript
Macy's Third Quarter 2023 Earnings: EPS Beats Expectations
Macy's Whale Trades For October 26
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Why Macy's, Inc. (NYSE:M) Could Be Worth Watching
Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1575
See More Headlines
Receive M Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Macy's and its competitors with MarketBeat's FREE daily newsletter.

M Company Calendar

Last Earnings
11/17/2022
Ex-Dividend for 1/3 Dividend
12/14/2022
Dividend Payable
1/03/2023
Today
1/29/2023
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$24.64
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+6.7%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$1.43 billion
Pretax Margin
7.50%

Debt

Sales & Book Value

Annual Sales
$24.46 billion
Cash Flow
$8.95 per share
Book Value
$12.38 per share

Miscellaneous

Free Float
269,540,000
Market Cap
$6.26 billion
Optionable
Optionable
Beta
1.72

Social Links


Key Executives

  • Jeffrey GennetteJeffrey Gennette
    Chairman & Chief Executive Officer
  • Adrian V. MitchellAdrian V. Mitchell
    Chief Financial Officer & Executive Vice President
  • Laura M. Miller
    Chief Information Officer
  • Shawn Outler
    Chief Diversity Officer & Executive Vice President
  • Elisa D. GarciaElisa D. Garcia
    Secretary, Chief Legal Officer & Executive VP













M Stock - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 4 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.

What is Macy's' stock price forecast for 2023?

11 analysts have issued 12 month price targets for Macy's' stock. Their M share price forecasts range from $15.00 to $35.00. On average, they anticipate the company's share price to reach $24.64 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
View analysts price targets for M
or view top-rated stocks among Wall Street analysts.

How have M shares performed in 2023?

Macy's' stock was trading at $20.65 on January 1st, 2023. Since then, M stock has increased by 11.8% and is now trading at $23.08.
View the best growth stocks for 2023 here
.

Are investors shorting Macy's?

Macy's saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 19,320,000 shares, a decline of 12.5% from the December 31st total of 22,080,000 shares. Based on an average daily volume of 10,080,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 7.2% of the company's stock are short sold.
View Macy's' Short Interest
.

When is Macy's' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our M earnings forecast
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) announced its quarterly earnings results on Thursday, November, 17th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.33. The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.20 billion. Macy's had a trailing twelve-month return on equity of 42.58% and a net margin of 5.68%. Macy's's revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS.

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

Macy's announced a quarterly dividend on Friday, October 28th. Investors of record on Thursday, December 15th will be paid a dividend of $0.1575 per share on Tuesday, January 3rd. This represents a $0.63 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for M
.

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 2.68%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 16.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

How will Macy's' stock buyback program work?

Macy's announced that its board has initiated a share repurchase program on Tuesday, February 22nd 2022, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 28.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

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

Macy's updated its fourth quarter earnings guidance on Friday, January, 6th. The company provided earnings per share guidance of $1.47-1.67 for the period, compared to the consensus earnings per share estimate of $1.62. The company issued revenue guidance of low-end to mid-point of $8.161-8.401 billion, compared to the consensus revenue estimate of $8.32 billion.

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

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.

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 a number of institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.77%), New York State Teachers Retirement System (0.14%), Allspring Global Investments Holdings LLC (0.09%), Crossmark Global Holdings Inc. (0.06%), Yousif Capital Management LLC (0.06%) and Cyndeo Wealth Partners LLC (0.05%). 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, Paul C Varga and Paul Griscom.
View institutional ownership trends
.

How do I buy shares of Macy's?

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.
Compare Top Brokerages Here.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $23.08.

How much money does Macy's make?

Macy's (NYSE:M) has a market capitalization of $6.26 billion and generates $24.46 billion in revenue each year. The company earns $1.43 billion in net income (profit) each year or $4.80 on an earnings per share basis.

How many employees does Macy's have?

The company 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.
Read More
How can I contact Macy's?

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 (212) 494-1621, via email at investors@macys.com, or via fax at 212-494-1838.

This page (NYSE:M) was last updated on 1/29/2023 by MarketBeat.com Staff