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NYSE:M

Macy's - M Stock Forecast, Price & News

$19.96
0.00 (0.00%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$19.58
$20.01
50-Day Range
$16.26
$24.46
52-Week Range
$15.85
$37.95
Volume
8.57 million shs
Average Volume
13.37 million shs
Market Capitalization
$5.38 billion
P/E Ratio
3.79
Dividend Yield
3.16%
Price Target
$31.00

Macy's MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
55.3% Upside
$31.00 Price Target
Short Interest
Healthy
9.91% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.69
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$1.64 M Sold Last Quarter
Proj. Earnings Growth
-1.97%
From $4.58 to $4.49 Per Share

Overall MarketRank

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

2.55 out of 5 stars

Retail/Wholesale Sector

69th out of 219 stocks

Department Stores Industry

2nd 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.

Analyst Upgrades and Downgrades

Several research firms have weighed in on M. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Macy's from $34.00 to $29.00 in a research note on Friday, May 27th. Citigroup lowered their target price on Macy's from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, May 27th. Morgan Stanley raised Macy's from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $20.00 to $22.00 in a research note on Friday, May 27th. Cowen lowered their price target on Macy's to $30.00 in a research note on Friday, May 27th. Finally, Bank of America reduced their target price on shares of Macy's from $22.00 to $15.00 and set an "underperform" rating for the company in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Macy's presently has a consensus rating of "Hold" and a consensus price target of $31.00.

Macy's Price Performance

Shares of Macy's stock opened at $19.96 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.23 and a current ratio of 1.12. The firm's 50-day simple moving average is $19.07 and its 200-day simple moving average is $22.52. The firm has a market cap of $5.38 billion, a P/E ratio of 3.79, a price-to-earnings-growth ratio of 0.36 and a beta of 1.71. Macy's has a twelve month low of $15.85 and a twelve month high of $37.95.

Macy's (NYSE:M - Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.82 by $0.26. Macy's had a net margin of 6.42% and a return on equity of 56.91%. The company had revenue of $5.35 billion during the quarter, compared to analysts' expectations of $5.33 billion. During the same quarter in the previous year, the company earned $0.39 EPS. Macy's's revenue was up 13.6% on a year-over-year basis. As a group, research analysts expect that Macy's will post 4.58 EPS for the current fiscal year.

Macy's Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th were issued a $0.157 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 3.15%. Macy's's dividend payout ratio (DPR) is currently 11.98%.

Insider Activity

In other news, EVP C Elisa D. Garcia sold 15,920 shares of Macy's stock in a transaction on Monday, July 11th. The shares were sold at an average price of $17.36, for a total value of $276,371.20. Following the completion of the sale, 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 hyperlink. In related news, EVP C Elisa D. Garcia sold 15,920 shares of the 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 sale, the executive vice president now directly owns 85,541 shares of the company's stock, valued at $1,484,991.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Gennette sold 78,021 shares of the stock in a transaction 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 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. Over the last three months, insiders have sold 94,290 shares of company stock valued at $1,636,878. 0.58% of the stock is currently 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
8/15/2022
Next Earnings (Confirmed)
8/23/2022
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
+55.3%
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
$8.95 per share
Book Value
$12.38 per share

Miscellaneous

Free Float
266,496,000
Market Cap
$5.38 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 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" 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 2022?

12 equities research analysts have issued 1 year price objectives for Macy's' shares. Their M share price forecasts range from $15.00 to $50.00. On average, they expect the company's stock price to reach $31.00 in the next year. This suggests a possible upside of 55.3% 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 start of the year. Since then, M shares have decreased by 23.8% and is now trading at $19.96.
View the best growth stocks for 2022 here
.

Are investors shorting Macy's?

Macy's saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 28,110,000 shares, a drop of 19.6% from the June 15th total of 34,980,000 shares. Based on an average trading volume of 14,410,000 shares, the short-interest ratio is currently 2.0 days. Approximately 10.5% of the company's stock 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, August 23rd 2022.
View our M earnings forecast
.

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

Macy's will be holding an earnings conference call on Tuesday, August 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-203-1112 with passcode "7131743".

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) issued its earnings results on Thursday, May, 26th. The company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.26. The firm had revenue of $5.35 billion for the quarter, compared to analysts' expectations of $5.33 billion. Macy's had a net margin of 6.42% and a trailing twelve-month return on equity of 56.91%. The business'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 company earned $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. 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 3.15%. The ex-dividend date of this dividend is Tuesday, June 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 3.16%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 14.03% 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 declared that its board has authorized a stock buyback program 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 reacquire up to 28.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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

Macy's issued an update on its second quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share guidance of $0.84-$0.94 for the period, compared to the consensus earnings per share 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 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 shareholders include Renaissance Technologies LLC (4.57%), Newport Trust Co (2.92%), Allianz Asset Management GmbH (1.39%), Northern Trust Corp (1.15%), Natixis (1.02%) and Douglas Lane & Associates LLC (0.67%). 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, Joyce M Roche, 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 $19.96.

How much money does Macy's make?

Macy's (NYSE:M) has a market capitalization of $5.38 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?

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.
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 the company 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 8/15/2022 by MarketBeat.com Staff

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