Macy's - M Stock Forecast, Price & News

11 Wall Street 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 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.
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11 brokers have issued 12-month target prices for Macy's' shares. Their M share price forecasts range from $15.00 to $35.00. On average, they expect the company's stock price to reach $25.18 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
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Macy's' stock was trading at $26.18 at the beginning of 2022. Since then, M shares have decreased by 12.9% and is now trading at $22.81.
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Macy's saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 19,380,000 shares, a decrease of 13.5% from the October 15th total of 22,410,000 shares. Based on an average trading volume of 11,320,000 shares, the short-interest ratio is presently 1.7 days. Approximately 7.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our M earnings forecast.

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

Macy's declared a quarterly dividend on Friday, October 28th. Investors of record on Thursday, December 15th will be given a dividend of $0.1575 per share on Tuesday, January 3rd. This represents a $0.63 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, December 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 2.78%. 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 15.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

Macy's announced that its Board of Directors has authorized a stock buyback plan 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 buy up to 28.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Macy's updated its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of $1.47-$1.67 for the period, compared to the consensus EPS estimate of $1.83. The company issued revenue guidance of $8.16 billion-$8.40 billion, compared to the consensus revenue estimate of $8.36 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 investors include Vanguard Group Inc. (10.08%), BlackRock Inc. (9.07%), State Street Corp (3.74%), Dimensional Fund Advisors LP (3.65%), Newport Trust Co (2.91%) and Point72 Asset Management L.P. (1.88%). 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.
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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 $22.81.

Macy's (NYSE:M) has a market capitalization of $6.18 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.

The company employs 88,857 workers across the globe.

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.