NYSE:M - Macy's Stock Price, News, & Analysis

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$25.79 +1.04 (+4.20 %)
(As of 01/20/2019 09:38 AM ET)
Previous Close$25.79
Today's Range$24.86 - $25.99
52-Week Range$22.47 - $41.99
Volume14.06 million shs
Average Volume10.13 million shs
Market Capitalization$7.93 billion
P/E Ratio6.84
Dividend Yield5.85%
Beta0.67
Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in Cincinnati, Ohio.

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Industry, Sector and Symbol

Industry Department stores
Sub-IndustryDepartment Stores
SectorRetail/Wholesale
CUSIP55616P10
Phone513-579-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.84 billion
Cash Flow$6.8957 per share
Book Value$18.59 per share

Profitability

Net Income$1.55 billion

Miscellaneous

Employees130,000
Market Cap$7.93 billion
OptionableOptionable

Macy's (NYSE:M) Frequently Asked Questions

What is Macy's' stock symbol?

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

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

Macy's declared a quarterly dividend on Friday, October 26th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.3775 per share on Wednesday, January 2nd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Thursday, December 13th. View Macy's' Dividend History.

How were Macy's' earnings last quarter?

Macy's Inc (NYSE:M) announced its quarterly earnings data on Wednesday, November, 14th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.13. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.40 billion. Macy's had a return on equity of 22.33% and a net margin of 6.72%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. View Macy's' Earnings History.

When is Macy's' next earnings date?

Macy's is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Macy's.

How can I listen to Macy's' earnings call?

Macy's will be holding an earnings conference call on Tuesday, February 26th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8002817973.

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

Macy's issued an update on its FY19 earnings guidance on Thursday, January, 10th. The company provided earnings per share guidance of $3.95-4.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.23.

What price target have analysts set for M?

20 equities research analysts have issued 1-year target prices for Macy's' stock. Their forecasts range from $5.50 to $43.00. On average, they anticipate Macy's' stock price to reach $32.6563 in the next year. This suggests a possible upside of 26.6% from the stock's current price. View Analyst Price Targets for Macy's.

What is the consensus analysts' recommendation for Macy's?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 4 sell ratings, 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macy's.

What are Wall Street analysts saying about Macy's stock?

Here are some recent quotes from research analysts about Macy's stock:
  • 1. According to Zacks Investment Research, "Shares of Macy’s have declined and underperformed the industry in a month on account of weaker-than-expected holiday sales figures, in spite of taking a slew of measures such as Backstage, Vendor Direct, Store Pickup, Loyalty Program and Growth50 stores. Comparable sales on an owned plus licensed basis inched up 1.1% during November and December period combined. Nevertheless, digital business remained robust and recorded double-digit growth. The company kick-started the season on a solid note primarily during Black Friday and the following Cyber Week but lost momentum in the mid-December period only to regain some pace during Christmas. Following soft sales data, the company trimmed fiscal 2018 sales and earnings projection. Macy’s now expects comparable sales on an owned plus licensed basis to increase about 2%, while net sales are expected to remain flat. The company forecasts earnings in the band of $3.95-$4.00 per share." (1/14/2019)
  • 2. Cowen Inc analysts commented, "We update Discovery (DISCA, Neutral, $24 PT) estimates for the recent international PGA Tour deal, and as a follow up to recent earnings. Overall, our core OIBDA estimates don’t move much. We want to like the novel PGA partnership, but see the initial take of minimal impact to the P&L in the initial years as arguing for a wait and see approach. Our core stance on Discovery’s equity remains one of benign consternation. Discovery, we believe, is executing pretty well in a secularly challenged cable network sector that investors seem to basically hate at the moment. Its FCF valuation looks way too cheap. But we don’t know what prompts a re-rating at this point." (6/7/2018)

Has Macy's been receiving favorable news coverage?

Media stories about M stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macy's earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the stock's share price in the near future.

Are investors shorting Macy's?

Macy's saw a increase in short interest in the month of December. As of December 14th, there was short interest totalling 43,706,308 shares, an increase of 15.1% from the November 30th total of 37,975,181 shares. Based on an average trading volume of 6,979,772 shares, the days-to-cover ratio is currently 6.3 days. Approximately 14.3% of the company's shares are sold short. View Macy's' Current Options Chain.

Who are some of Macy's' key competitors?

Who are Macy's' key executives?

Macy's' management team includes the folowing people:
  • Mr. Jeffrey Gennette, Chairman & CEO (Age 58)
  • Mr. Harry A. Lawton III, Pres (Age 45)
  • Ms. Elisa D. Garcia C., Chief Legal Officer & Sec. (Age 61)
  • Ms. Danielle L. Kirgan, Chief HR Officer (Age 43)
  • Mr. Jeffrey A. Kantor, Chief Merchandising Officer (Age 60)

Who are Macy's' major shareholders?

Macy's' stock is owned by a number of of institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.54%), Highland Capital Management LLC (0.06%), State of Alaska Department of Revenue (0.04%), DNB Asset Management AS (0.02%), Rockland Trust Co. (0.02%) and Gateway Investment Advisers LLC (0.02%). Company insiders that own Macy's stock include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Harry A Lawton III, Jeffrey Gennette, John A Bryant, Karen M Hoguet, Marna C Whittington, Molly Langenstein, Terry J Lundgren and William H Lenehan. View Institutional Ownership Trends for Macy's.

Which institutional investors are selling Macy's stock?

M stock was sold by a variety of institutional investors in the last quarter, including Polaris Greystone Financial Group LLC, Douglas Lane & Associates LLC, Bowling Portfolio Management LLC, Visionary Asset Management Inc., Meeder Asset Management Inc., Highland Capital Management LLC, Louisiana State Employees Retirement System and Rockland Trust Co.. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Harry A Lawton III, Karen M Hoguet and Marna C Whittington. View Insider Buying and Selling for Macy's.

Which institutional investors are buying Macy's stock?

M stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Cumberland Advisors Inc., Virtu Financial LLC, Fox Run Management L.L.C., Edge Wealth Management LLC, Cerebellum GP LLC, Gateway Investment Advisers LLC and CX Institutional. Company insiders that have bought Macy's stock in the last two years include Jeffrey Gennette, John A Bryant, Terry J Lundgren and William H Lenehan. View Insider Buying and Selling for Macy's.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $25.79.

How big of a company is Macy's?

Macy's has a market capitalization of $7.93 billion and generates $24.84 billion in revenue each year. The company earns $1.55 billion in net income (profit) each year or $3.77 on an earnings per share basis. Macy's employs 130,000 workers across the globe.

What is Macy's' official website?

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

How can I contact Macy's?

Macy's' mailing address is 7 West Seventh Street, Cincinnati OH, 45202. The company can be reached via phone at 513-579-7000.


MarketBeat Community Rating for Macy's (NYSE M)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  770 (Vote Outperform)
Underperform Votes:  894 (Vote Underperform)
Total Votes:  1,664
MarketBeat's community ratings are surveys of what our community members think about Macy's and other stocks. Vote "Outperform" if you believe M will outperform the S&P 500 over the long term. Vote "Underperform" if you believe M will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/20/2019 by MarketBeat.com Staff

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