Macy's - M Stock Forecast, Price & News

12 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 5 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.

12 Wall Street analysts have issued 1-year price objectives for Macy's' stock. Their M share price forecasts range from $15.00 to $45.00. On average, they anticipate the company's share price to reach $27.08 in the next twelve months. This suggests a possible upside of 54.5% from the stock's current price.
View analysts price targets for M or view top-rated stocks among Wall Street analysts.

Macy's' stock was trading at $26.18 on January 1st, 2022. Since then, M shares have decreased by 33.0% and is now trading at $17.53.
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Macy's saw a drop in short interest in September. As of September 15th, there was short interest totaling 21,830,000 shares, a drop of 6.4% from the August 31st total of 23,330,000 shares. Based on an average daily trading volume, of 12,150,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 8.1% of the shares of the company are sold short.
View Macy's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our M earnings forecast.

Macy's, Inc. (NYSE:M) released its quarterly earnings data on Tuesday, August, 23rd. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. The business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.48 billion. Macy's had a net margin of 6.16% and a trailing twelve-month return on equity of 51.29%. During the same period in the previous year, the company posted $1.29 earnings per share.

Macy's announced a quarterly dividend on Friday, August 26th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.1575 per share on Monday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, September 14th. This is an increase from the stock's previous quarterly dividend of $0.16.
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 3.59%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 15.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

Macy's declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 22nd 2022, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 28.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

Macy's issued an update on its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of $4.00-$4.20 for the period, compared to the consensus estimate of $4.51. The company issued revenue guidance of $24.34 billion-$24.58 billion, compared to the consensus revenue estimate of $24.36 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."

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 $17.53.

Macy's (NYSE:M) has a market capitalization of $4.75 billion and generates $24.46 billion in revenue each year. The company earns $1.43 billion in net income (profit) each year or $5.17 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.