NYSE:MMacy's Stock Price, Forecast & News

Macy's' stock was trading at $9.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, M shares have decreased by 24.2% and is now trading at $7.19.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 9 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Sell."
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Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020.
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Macy's will be holding an earnings conference call on Wednesday, September 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Macy's Inc (NYSE:M) issued its earnings results on Tuesday, June, 9th. The company reported ($2.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.35) by $0.32. The company earned $3.02 billion during the quarter, compared to the consensus estimate of $3.03 billion. Macy's had a positive return on equity of 2.61% and a negative net margin of 14.28%.
View Macy's' earnings history.

Macy's announced a quarterly dividend on Friday, February 28th. Investors of record on Friday, March 13th will be given a dividend of $0.377 per share on Wednesday, April 1st. This represents a $1.51 dividend on an annualized basis and a yield of 20.97%. The ex-dividend date of this dividend is Thursday, March 12th.
View Macy's' dividend history.

Macy's issued an update on its first quarter earnings guidance on Tuesday, June, 9th. The company provided earnings per share guidance of ($2.03) for the period, compared to the Thomson Reuters consensus estimate of ($2.06). The company issued revenue guidance of $3.017 billion, compared to the consensus revenue estimate of $3.11 billion.

14 analysts have issued 12-month price objectives for Macy's' stock. Their forecasts range from $3.00 to $22.00. On average, they anticipate Macy's' stock price to reach $9.42 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price.
View analysts' price targets for Macy's.

News stories about M stock have trended somewhat negative on Saturday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Macy's earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Macy's.

Macy's saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 158,630,000 shares, an increase of 22.3% from the June 15th total of 129,710,000 shares. Based on an average daily trading volume, of 43,390,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 51.6% of the company's shares are short sold.
View Macy's' Short Interest.

Some companies that are related to Macy's include Harvey Norman (HVN), Kohl's (KSS), Marks and Spencer Group (MKS), Briscoe Group (BGP), Dillard's (DDS), Myer (MYR), J C Penney (JCP), J. C. Penney (JCPNQ), McColl's Retail Group (MCLS), Aumake International (AU8), Laura Ashley (ALY), FAMILYMART UNY/ADR (FYRTY), HARVEY NORMAN H/ADR (HNORY), Hudson's Bay (HBAYF) and LIVEPOL/BRSH MXN (ELPQF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Macy's investors own include AT&T (T), General Electric (GE), NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Netflix (NFLX), Bank of America (BAC), Ford Motor (F), Walt Disney (DIS) and Alibaba Group (BABA).

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

Macy's' stock is owned by a variety of institutional and retail investors. Top institutional investors include Yacktman Asset Management LP (10.93%), Vanguard Group Inc. (10.55%), Bank of New York Mellon Corp (2.62%), LSV Asset Management (1.20%), Douglas Lane & Associates LLC (0.76%) and Principal Financial Group Inc. (0.76%). Company insiders that own Macy's stock include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Francis S Blake, Harry A Lawton III, Jeffrey Gennette, John T Harper, Joyce M Roche, Paula A Price and William H Lenehan.
View institutional ownership trends for Macy's.

M stock was sold by a variety of institutional investors in the last quarter, including Yacktman Asset Management LP, Vanguard Group Inc., APG Asset Management N.V., LSV Asset Management, State Board of Administration of Florida Retirement System, Stone Ridge Asset Management LLC, Wealthfront Advisers LLC, and New York State Common Retirement Fund. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Felicia Williams, and John T Harper.
View insider buying and selling activity for Macy's.

M stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., SG Americas Securities LLC, Bank of New York Mellon Corp, First Trust Advisors LP, Fort Point Capital Partners LLC, AJO LP, Douglas Lane & Associates LLC, and Federated Hermes Inc.. Company insiders that have bought Macy's stock in the last two years include Francis S Blake, Harry A Lawton III, Jeffrey Gennette, Joyce M Roche, and William H Lenehan.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of M stock can currently be purchased for approximately $7.19.

Macy's has a market capitalization of $2.23 billion and generates $24.56 billion in revenue each year. The company earns $564 million in net income (profit) each year or $2.91 on an earnings per share basis. Macy's employs 123,000 workers across the globe.

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

Macy's' mailing address is 151 WEST 34TH STREET, NEW YORK NY, 10001. The company can be reached via phone at 212-494-1602 or via email at [email protected]