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NYSE:M

Macy's - M Stock Forecast, Price & News

$23.01
+0.48 (+2.13%)
(As of 12/7/2022 12:28 PM ET)
Add
Compare
Today's Range
$22.37
$23.09
50-Day Range
$15.67
$23.65
52-Week Range
$15.10
$28.52
Volume
207,096 shs
Average Volume
11.66 million shs
Market Capitalization
$6.24 billion
P/E Ratio
4.79
Dividend Yield
2.78%
Price Target
$25.18

Macy's MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
10.9% Upside
$25.18 Price Target
Short Interest
Healthy
7.00% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
0.96mentions of Macy
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.10%
From $4.19 to $4.06 Per Share

Overall MarketRank

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

2.44 out of 5 stars

Retail/Wholesale Sector

84th out of 215 stocks

Department Stores Industry

1st out of 4 stocks

M stock logo

About Macy's (NYSE:M) Stock

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 January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. 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 New York, New York.

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M Stock News Headlines

Macy's (NYSE:M) Downgraded by StockNews.com
Want To Catch The Next Hot Investing Trend (Look Inside?)
While millennials are trying to get rich in crypto Ponzi schemes- there's something happening that Wall Street is TOTALLY ignoring. And it's about to affect every American Citizen over 55...
Macy's Third Quarter 2023 Earnings: EPS Beats Expectations
Macy's Whale Trades For October 26
Want To Catch The Next Hot Investing Trend (Look Inside?)
While millennials are trying to get rich in crypto Ponzi schemes- there's something happening that Wall Street is TOTALLY ignoring. And it's about to affect every American Citizen over 55...
Why Macy's, Inc. (NYSE:M) Could Be Worth Watching
Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1575
Do Institutions Own Macy's, Inc. (NYSE:M) Shares?
See More Headlines
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M Company Calendar

Ex-Dividend for 10/3 Dividend
9/14/2022
Dividend Payable
10/03/2022
Last Earnings
11/17/2022
Today
12/07/2022
Ex-Dividend for 1/3 Dividend
12/14/2022
Dividend Payable
1/03/2023
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
$25.18
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+9.4%
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
$9.06 per share
Book Value
$12.82 per share

Miscellaneous

Free Float
267,859,000
Market Cap
$6.24 billion
Optionable
Optionable
Beta
1.72

Social Links


Key Executives

  • Mr. Jeffrey GennetteMr. Jeffrey Gennette (Age 61)
    Chairman & CEO
    Comp: $4.72M
  • Mr. Adrian V. MitchellMr. Adrian V. Mitchell (Age 48)
    Exec. VP & CFO
    Comp: $2.24M
  • Ms. Elisa D. Garcia C.Ms. Elisa D. Garcia C. (Age 64)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $1.64M
  • Ms. Danielle L. KirganMs. Danielle L. Kirgan (Age 46)
    Exec. VP, Chief Transformation & HR Officer
    Comp: $2.19M
  • Mr. Antony SpringMr. Antony Spring (Age 57)
    Exec. VP
    Comp: $3.38M
  • Mr. Paul GriscomMr. Paul Griscom (Age 41)
    Sr. VP & Controller
  • Ms. Laura Marie Miller (Age 57)
    Chief Information Officer
  • Ms. Pamela Nagler Quintiliano
    Head of Investor Relations
  • Mr. William L. Hawthorne III (Age 66)
    Sr. VP of Diversity Strategies & Legal Affairs
  • Mr. Bradley R. Mays
    Sr. VP of Tax













M Stock - Frequently Asked Questions

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

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.
View M analyst ratings
or view top-rated stocks.

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

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.
View analysts price targets for M
or view top-rated stocks among Wall Street analysts.

How have M shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Macy's?

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.
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) 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.

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

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
.

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 2.78%. 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.

How will Macy's' stock buyback program work?

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.

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

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.

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 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.
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 $22.81.

How much money does Macy's make?

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.

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.
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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 12/7/2022 by MarketBeat.com Staff