Macy's - M 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" 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.
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12 brokerages have issued twelve-month price targets for Macy's' stock. Their M share price forecasts range from $15.00 to $35.00. On average, they predict the company's share price to reach $24.92 in the next year. This suggests a possible upside of 1.5% from the stock's current price.
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Macy's' stock was trading at $20.65 at the start of the year. Since then, M stock has increased by 18.9% and is now trading at $24.55.
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Macy's saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 19,320,000 shares, a drop of 12.5% from the December 31st total of 22,080,000 shares. Based on an average trading volume of 10,080,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 7.2% of the shares of the stock are sold short.
View Macy's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our M earnings forecast.

Macy's, Inc. (NYSE:M) released its quarterly earnings results on Thursday, November, 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.33. The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.20 billion. Macy's had a net margin of 5.68% and a trailing twelve-month return on equity of 42.58%. Macy's's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.23 earnings per share.

Macy's declared a quarterly dividend on Friday, October 28th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.1575 per share on Tuesday, January 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, December 14th.
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 2.62%. 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 16.76% 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 repurchase program on Tuesday, February 22nd 2022, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 28.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Macy's updated its fourth quarter earnings guidance on Friday, January, 6th. The company provided earnings per share guidance of $1.47-1.67 for the period, compared to the consensus estimate of $1.62. The company issued revenue guidance of low-end to mid-point of $8.161-8.401 billion, compared to the consensus revenue estimate of $8.32 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."

Macy's' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Newport Trust Co (2.87%), Douglas Lane & Associates LLC (0.77%), Simplex Trading LLC (0.00%), New York State Teachers Retirement System (0.14%), Meritage Portfolio Management (0.13%) and New York State Common Retirement Fund (0.10%). 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.
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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 $24.55.

Macy's (NYSE:M) has a market capitalization of $6.66 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.

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.