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Macy's Stock Forecast, Price & News

$25.57
-0.72 (-2.74 %)
(As of 10/27/2021 04:00 PM ET)
Add
Compare
Today's Range
$25.49
$26.40
50-Day Range
$18.07
$28.25
52-Week Range
$6.01
$28.41
Volume
13.00 million shs
Average Volume
18.14 million shs
Market Capitalization
$7.92 billion
P/E Ratio
15.88
Dividend Yield
2.28%
Beta
2.11
30 days | 90 days | 365 days | Advanced Chart
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Macy

About Macy's

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.

Headlines

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Industry, Sector and Symbol

Industry
Department stores
Sub-Industry
Department Stores
CUSIP
55616P10
Employees
75,711
Year Founded
1858

Sales & Book Value

Annual Sales
$17.35 billion
Cash Flow
$1.15 per share
Book Value
$8.22 per share

Profitability

Net Income
$-3.94 billion
Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$7.92 billion
Next Earnings Date
11/18/2021 (Estimated)
Fiscal Year End
N/A
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.45 out of 5 stars

Retail/Wholesale Sector

82nd out of 266 stocks

Department Stores Industry

2nd out of 6 stocks

Analyst Opinion: 2.1Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Macy's (NYSE:M) Frequently Asked Questions

Is Macy's a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last twelve months. There are currently 4 sell ratings, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 stocks does MarketBeat like better than Macy's?

Wall Street analysts have given Macy's a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Macy's wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Thursday, November 18th 2021.
View our earnings forecast for Macy's
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) posted its quarterly earnings results on Wednesday, August, 18th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.22 by $1.07. The company earned $5.65 billion during the quarter, compared to analyst estimates of $5 billion. Macy's had a net margin of 2.45% and a trailing twelve-month return on equity of 27.50%. The business's revenue was up 58.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.81) earnings per share.
View Macy's' earnings history
.

How has Macy's' stock price been impacted by COVID-19?

Macy's' stock was trading at $9.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, M stock has increased by 169.4% and is now trading at $25.57.
View which stocks have been most impacted by COVID-19
.

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

Macy's announced a quarterly dividend on Friday, October 22nd. Stockholders of record on Wednesday, December 15th will be paid a dividend of $0.15 per share on Monday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, December 14th.
View Macy's' dividend history
.

Is Macy's a good dividend stock?

Macy's pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.28%.
View Macy's' dividend history.

How will Macy's' stock buyback program work?

Macy's announced that its board has approved a share buyback program on Thursday, August 19th 2021, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

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

Macy's issued an update on its FY 2021 earnings guidance on Thursday, September, 16th. The company provided earnings per share guidance of $3.410-$3.750 for the period, compared to the Thomson Reuters consensus estimate of $2.240. The company issued revenue guidance of $23.55 billion-$23.95 billion, compared to the consensus revenue estimate of $22.12 billion.

What price target have analysts set for M?

13 Wall Street analysts have issued 12 month price targets for Macy's' stock. Their forecasts range from $19.00 to $33.00. On average, they expect Macy's' stock price to reach $24.60 in the next twelve months. This suggests that the stock has a possible downside of 3.8%.
View analysts' price targets for Macy's
or view top-rated stocks among Wall Street analysts.

Who are Macy's' key executives?

Macy's' management team includes the following people:
  • Jeffrey Gennette, Chairman & Chief Executive Officer
  • Adrian V. Mitchell, Chief Financial Officer
  • Laura M. Miller, Chief Information Officer
  • Elisa D. Garcia, Secretary, Chief Legal Officer & Executive VP
  • Paul Griscom, Senior Vice President & Controller

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), The 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 institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.78%), New York State Teachers Retirement System (0.15%), Pacer Advisors Inc. (0.14%), State of Alaska Department of Revenue (0.07%), QV Investors Inc. (0.07%) and State of New Jersey Common Pension Fund D (0.06%). Company insiders that own Macy's stock include C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, Jeffrey Gennette, John T Harper, Paul C Varga and Paul Griscom.
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 Douglas Lane & Associates LLC, Everence Capital Management Inc., Sumitomo Mitsui Trust Holdings Inc., Crossmark Global Holdings Inc., Pinnacle Associates Ltd., Strs Ohio, Crossmark Global Holdings Inc., and Veriti Management LLC. Company insiders that have sold Macy's company stock in the last year include 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 Pacer Advisors Inc., Clear Street Markets LLC, Harel Insurance Investments & Financial Services Ltd., Polianta Ltd, Atalanta Sosnoff Capital LLC, Hillsdale Investment Management Inc., QV Investors Inc., and Convergence Investment Partners LLC.
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 $25.57.

How much money does Macy's make?

Macy's has a market capitalization of $7.92 billion and generates $17.35 billion in revenue each year. The company earns $-3.94 billion in net income (profit) each year or ($2.21) on an earnings per share basis.

How many employees does Macy's have?

Macy's employs 75,711 workers across the globe.

Does Macy's have any subsidiaries?

The following companies are subsidiares of Macy's: Advertex Communications Inc., Bloomingdale's LLC, Bloomingdales.com LLC, Bloomingdale’s Merchandising LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Macy's Backstage Inc., Macys.com LLC, 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) Limited, Macy’s Merchandising Group Inc., Macy’s Merchandising Group International (Hong Kong) Limited, 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.

When was Macy's founded?

Macy's was founded in 1858.

What is Macy's' official website?

The official website for Macy's is www.macysinc.com.

Where are Macy's' headquarters?

Macy's is headquartered at 151 WEST 34TH STREET, NEW YORK NY, 10001.

How can I contact Macy's?

Macy's' mailing address is 151 WEST 34TH STREET, NEW YORK NY, 10001. The company can be reached via phone at (513) 579-7780 or via email at [email protected].


This page was last updated on 10/27/2021 by MarketBeat.com Staff

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