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DOW   32,803.47
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Buffett's firm reports $44B loss but its businesses thrive
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Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
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Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
NYSE:M

Macy's (M) Stock Forecast, Price & News

$17.84
+0.17 (+0.96%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$17.30
$18.04
50-Day Range
$16.26
$24.46
52-Week Range
$15.85
$37.95
Volume
8.75 million shs
Average Volume
9.99 million shs
Market Capitalization
$4.81 billion
P/E Ratio
3.39
Dividend Yield
3.53%
Price Target
$31.00

Macy's MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
73.8% Upside
$31.00 Price Target
Short Interest
Healthy
10.15% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.69
Upright™ Environmental Score
News Sentiment
0.55mentions of Macy
Based on 2 Articles This Week
Insider Trading
Selling Shares
$1.64 M Sold Last Quarter
Proj. Earnings Growth
-3.29%
From $4.56 to $4.41 Per Share

Overall MarketRank

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

3.13 out of 5 stars

Retail/Wholesale Sector

7th out of 262 stocks

Department Stores Industry

1st out of 5 stocks

Macy

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.

Wall Street Analyst Weigh In

M has been the topic of several recent analyst reports. Telsey Advisory Group dropped their price objective on Macy's from $30.00 to $28.00 and set a "market perform" rating on the stock in a research report on Friday, May 27th. Citigroup dropped their price objective on Macy's from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, May 27th. OTR Global cut Macy's to a "positive" rating in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on Macy's from $34.00 to $29.00 in a research report on Friday, May 27th. Finally, Morgan Stanley raised Macy's from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $20.00 to $22.00 in a research report on Friday, May 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Macy's has an average rating of "Hold" and a consensus target price of $31.00.

Macy's Price Performance

M traded up $0.17 on Friday, hitting $17.84. 8,752,207 shares of the company's stock traded hands, compared to its average volume of 9,993,594. The company's 50 day simple moving average is $19.55 and its 200-day simple moving average is $22.77. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 3.39, a P/E/G ratio of 0.33 and a beta of 1.71. Macy's has a one year low of $15.85 and a one year high of $37.95. The company has a current ratio of 1.12, a quick ratio of 0.23 and a debt-to-equity ratio of 0.91.

Macy's (NYSE:M - Get Rating) last issued its earnings results on Thursday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.26. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.33 billion. Macy's had a return on equity of 56.91% and a net margin of 6.42%. The firm's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. As a group, research analysts anticipate that Macy's will post 4.56 EPS for the current year.

Macy's Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Tuesday, June 14th. Macy's's dividend payout ratio is presently 11.98%.

Insider Buying and Selling at Macy's

In other Macy's news, EVP C Elisa D. Garcia sold 15,920 shares of the firm's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $17.36, for a total transaction of $276,371.20. Following the completion of the transaction, the executive vice president now owns 85,541 shares in the company, valued at approximately $1,484,991.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP C Elisa D. Garcia sold 15,920 shares of Macy's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $17.36, for a total value of $276,371.20. Following the completion of the transaction, the executive vice president now owns 85,541 shares in the company, valued at approximately $1,484,991.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey Gennette sold 78,021 shares of Macy's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $17.36, for a total value of $1,354,444.56. Following the completion of the transaction, the chief executive officer now owns 405,744 shares of the company's stock, valued at approximately $7,043,715.84. The disclosure for this sale can be found here. Insiders sold 94,290 shares of company stock worth $1,636,878 in the last quarter. 0.58% of the stock is owned by corporate insiders.

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M Stock News Headlines

Macy's (NYSE:M) Shares Gap Down to $18.10
Brokerages Set Macy's, Inc. (NYSE:M) Target Price at $31.00
Do Institutions Own Macy's, Inc. (NYSE:M) Shares?
Macy’s Honors Black History. Black Brilliance.
Find the Perfect Last-Minute Holiday Gift at Macy’s
See More Headlines

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M Company Calendar

Last Earnings
5/26/2022
Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Today
8/07/2022
Next Earnings (Estimated)
8/18/2022
Fiscal Year End
1/31/2023

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
$31.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+73.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$1.43 billion
Pretax Margin
8.44%

Debt

Sales & Book Value

Annual Sales
$24.46 billion
Cash Flow
$8.92 per share
Book Value
$12.38 per share

Miscellaneous

Free Float
268,169,000
Market Cap
$4.81 billion
Optionable
Optionable
Beta
1.71

Social Links















M Stock - Frequently Asked Questions

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

12 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street 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.
View analyst ratings for Macy's
or view top-rated stocks.

What is Macy's' stock price forecast for 2022?

12 Wall Street research analysts have issued twelve-month price targets for Macy's' stock. Their M stock forecasts range from $15.00 to $50.00. On average, they anticipate Macy's' share price to reach $31.00 in the next year. This suggests a possible upside of 73.8% from the stock's current price.
View analysts' price targets for Macy's
or view top-rated stocks among Wall Street analysts.

How has Macy's' stock performed in 2022?

Macy's' stock was trading at $26.18 at the beginning of 2022. Since then, M stock has decreased by 31.9% and is now trading at $17.84.
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 June. As of June 30th, there was short interest totaling 28,110,000 shares, a decrease of 19.6% from the June 15th total of 34,980,000 shares. Based on an average daily volume of 14,410,000 shares, the short-interest ratio is currently 2.0 days. Approximately 10.5% of the company's stock are sold short.
View Macy's' Short Interest
.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
View our earnings forecast for Macy's
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) posted its earnings results on Thursday, May, 26th. The company reported $1.08 earnings per share 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 company's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 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 Thursday, May 26th. Shareholders 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 3.52%. The ex-dividend date is Tuesday, June 14th.
View Macy's' dividend history
.

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 3.53%. 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 14.29% next year. This indicates that Macy's will be able to sustain or increase its dividend.
View Macy's' dividend history.

How will Macy's' stock buyback program work?

Macy's announced that its board has approved a stock repurchase plan on Tuesday, February 22nd 2022, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 28.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

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

Macy's updated 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 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.

What is Jeff Gennette's approval rating as Macy's' CEO?

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.

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 many different institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.67%), Victory Capital Management Inc. (0.61%), National Bank of Canada FI (0.36%), Simplex Trading LLC (0.00%), New York State Teachers Retirement System (0.15%) and Candriam S.C.A. (0.14%). 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 and Paul Griscom.
View institutional ownership trends 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 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 $17.84.

How much money does Macy's make?

Macy's (NYSE:M) has a market capitalization of $4.81 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.

How many employees does Macy's have?

Macy's 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.
Read More

When was Macy's founded?

Macy's was founded in 1858.

How can I contact Macy's?

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 investors@macys.com, or via fax at 212-494-1838.

This page (NYSE:M) was last updated on 8/7/2022 by MarketBeat.com Staff

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