Macy's Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 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.
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12 analysts have issued twelve-month target prices for Macy's' shares. Their M stock forecasts range from $22.00 to $50.00. On average, they anticipate Macy's' share price to reach $31.83 in the next year. This suggests a possible upside of 51.9% from the stock's current price.
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Macy's' stock was trading at $26.18 on January 1st, 2022. Since then, M stock has decreased by 19.9% and is now trading at $20.96.
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Macy's is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
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Macy's, Inc. (NYSE:M) posted its quarterly earnings data on Thursday, May, 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.26. The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.33 billion. Macy's had a trailing twelve-month return on equity of 56.91% and a net margin of 6.42%. The firm's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS.
View Macy's' earnings history.

Macy's announced a quarterly dividend on Thursday, May 26th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.157 per share on Friday, July 1st. This represents a $0.63 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Tuesday, June 14th.
View Macy's' dividend history.

Macy's(NYSE:M) pays an annual dividend of $0.63 per share and currently has a dividend yield of 3.30%. Macy's does not yet have a strong track record of dividend growth. The dividend payout ratio of Macy's is 11.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Macy's will have a dividend payout ratio of 13.82% next year. This indicates that Macy's will be able to sustain or increase its dividend.
View Macy's' dividend history.

Macy's declared that its board has approved a share buyback plan on Tuesday, February 22nd 2022, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 28.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Macy's issued an update on its second quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided EPS guidance of $0.84-$0.94 for the period, compared to the consensus EPS estimate of $0.81. The company issued revenue guidance of $5.48 billion-$5.55 billion, compared to the consensus revenue estimate of $5.49 billion.

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.

Some companies that are related to Macy's include Burlington Stores (BURL), Kohl's (KSS), Dillard's (DDS), Marks and Spencer Group (MKS), Old COPPER (JCPNQ), J. C. Penney (CPPRQ), Sears (SHLDQ), McColl's Retail Group (MCLS), Laura Ashley (ALY), AuMake International Limited (AU8.AX) (AU8), AuMake (AUK), Briscoe Group (BGP), El Puerto de Liverpool (ELPQF), FamilyMart (FYRTY) and Grupo Comercial Chedraui (GCHEF).
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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), 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.34%), Vanguard Group Inc. (10.72%), State Street Corp (4.11%), Arrowstreet Capital Limited Partnership (3.55%), Newport Trust Co (2.79%) and Dimensional Fund Advisors LP (2.71%). Company insiders that own Macy's stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, Jeffrey Gennette, John T Harper, Joyce M Roche, Paul C Varga, Paul Griscom and Paula A Price.
View institutional ownership trends for Macy's.

M stock was sold by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Q Global Advisors LLC, Bank of Montreal Can, BlackRock Inc., Group One Trading L.P., State Street Corp, Sculptor Capital LP, and Sculptor Capital LP. Company insiders that have sold Macy's company stock in the last two years include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, and Paul Griscom.
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M stock was purchased by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Vanguard Group Inc., Deer Park Road Corp, LSV Asset Management, Jane Street Group LLC, UBS Group AG, and Bank of America Corp DE.
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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.
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One share of M stock can currently be purchased for approximately $20.96.

Macy's (NYSE:M) has a market capitalization of $5.65 billion and generates $24.46 billion in revenue each year. The company earns $1.43 billion in net income (profit) each year or $5.26 on an earnings per share basis.

Macy's employs 88,857 workers across the globe.

Macy's was founded in 1858.

Macy's' mailing address is 151 WEST 34TH STREET, NEW YORK NY, 10001. The official website for Macy's is www.macysinc.com. The company can be reached via phone at (513) 579-7780, via email at [email protected], or via fax at 212-494-1838.