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PFE   51.93 (+0.87%)
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ACB   6.28 (+5.19%)
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Macy's Stock Forecast, Price & News

$28.16
+1.03 (+3.80%)
(As of 12/7/2021 10:52 AM ET)
Add
Compare
Today's Range
$27.23
$28.23
50-Day Range
$22.21
$37.37
52-Week Range
$10.07
$37.95
Volume
327,244 shs
Average Volume
18.22 million shs
Market Capitalization
$8.72 billion
P/E Ratio
10.59
Dividend Yield
2.24%
Beta
2.04
30 days | 90 days | 365 days | Advanced Chart
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Macy

About Macy's

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

Headlines

Macy's (NYSE:M) Stock Price Down 5%
November 24, 2021 |  americanbankingnews.com
Macy's (NYSE:M) Price Target Raised to $40.00
November 19, 2021 |  americanbankingnews.com
Macy's (NYSE:M) PT Raised to $32.00 at Credit Suisse Group
November 19, 2021 |  americanbankingnews.com
Macy's (NYSE:M) Price Target Raised to $23.00 at Morgan Stanley
November 19, 2021 |  americanbankingnews.com
Macy's (NYSE:M) PT Raised to $25.00
November 19, 2021 |  americanbankingnews.com
Macy's (NYSE:M) Price Target Increased to $45.00 by Analysts at Cowen
November 19, 2021 |  americanbankingnews.com
Macy's (NYSE:M) PT Raised to $29.00 at Citigroup
November 19, 2021 |  americanbankingnews.com
Gordon Haskett Increases Macy's (NYSE:M) Price Target to $50.00
November 18, 2021 |  americanbankingnews.com
Macy's (NYSE:M) Hits New 52-Week High at $32.08
November 16, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Department stores
Sub-Industry
Department Stores
CUSIP
55616P10
Employees
75,711
Year Founded
1858

Sales & Book Value

Annual Sales
$17.35 billion
Cash Flow
$0.95 per share
Book Value
$9.71 per share

Profitability

Net Income
$-3.94 billion
Pretax Margin
5.30%

Debt

Price-To-Earnings

Miscellaneous

Free Float
307,909,000
Market Cap
$8.72 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/14/2021
Dividend Payable
10/01/2021
Last Earnings
11/18/2021
Today
12/07/2021
Fiscal Year End
1/31/2022
Next Earnings (Estimated)
2/22/2022

Social Links


MarketRank

Overall MarketRank

2.94 out of 5 stars

Retail/Wholesale Sector

25th out of 276 stocks

Department Stores Industry

2nd out of 6 stocks

Analyst Opinion: 3.1Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -












Macy's (NYSE:M) Frequently Asked Questions

Is Macy's a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 4 sell ratings, 3 hold ratings and 6 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.

How has Macy's' stock price been impacted by COVID-19 (Coronavirus)?

Macy's' stock was trading at $9.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, M shares have increased by 195.5% and is now trading at $28.04.
View which stocks have been most impacted by COVID-19
.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Tuesday, February 22nd 2022.
View our earnings forecast for Macy's
.

How were Macy's' earnings last quarter?

Macy's, Inc. (NYSE:M) issued its earnings results on Thursday, November, 18th. The company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.92. The company earned $5.44 billion during the quarter, compared to analyst estimates of $5.23 billion. Macy's had a net margin of 3.75% and a trailing twelve-month return on equity of 41.33%. The firm's quarterly revenue was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.19) earnings per share.
View Macy's' earnings history
.

How often does Macy's pay dividends? What is the dividend yield for Macy's?

Macy's announced a quarterly dividend on Friday, October 22nd. Stockholders of record on Wednesday, December 15th will be given a dividend of $0.15 per share on Monday, January 3rd. This represents a $0.60 annualized dividend and a yield of 2.14%. The ex-dividend date is Tuesday, December 14th.
View Macy's' dividend history
.

Is Macy's a good dividend stock?

Macy's pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.24%. Macy's does not yet have a strong track record of dividend growth. The dividend payout ratio of Macy's is 22.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Macy's will have a dividend payout ratio of 15.35% 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 share buyback plan on Thursday, August 19th 2021, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

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

Macy's updated its fourth quarter 2021 earnings guidance on Friday, December, 3rd. The company provided earnings per share guidance of $1.670-$1.870 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.910. The company issued revenue guidance of -.

What price target have analysts set for M?

13 brokers have issued 1 year price objectives for Macy's' shares. Their forecasts range from $23.00 to $50.00. On average, they anticipate Macy's' stock price to reach $33.10 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price.
View analysts' price targets for Macy's
or view top-rated stocks among Wall Street analysts.

Who are Macy's' key executives?

Macy's' management team includes the following people:
  • Jeffrey Gennette, Chairman & Chief Executive Officer
  • Adrian V. Mitchell, Chief Financial Officer
  • Laura M. Miller, Chief Information Officer
  • Elisa D. Garcia, Secretary, Chief Legal Officer & Executive VP
  • Paul Griscom, Senior Vice President & Controller

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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.81%), Arrowstreet Capital Limited Partnership (3.41%), Newport Trust Co (2.63%), Dimensional Fund Advisors LP (2.47%), Contrarius Investment Management Ltd (2.05%) and Two Sigma Advisers LP (1.96%). Company insiders that own Macy's stock include Adrian V Mitchell, C Elisa D Garcia, Danielle L Kirgan, Felicia Williams, Jeffrey Gennette, John T Harper, Paul C Varga and Paul Griscom.
View institutional ownership trends for Macy's
.

Which institutional investors are selling Macy's stock?

M stock was sold by a variety of institutional investors in the last quarter, including Yacktman Asset Management LP, Natixis, Capital Fund Management S.A., Balyasny Asset Management LLC, Balyasny Asset Management LLC, Man Group plc, Douglas Lane & Associates LLC, and Candlestick Capital Management LP. Company insiders that have sold Macy's company stock in the last year include Adrian V Mitchell, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, and Paul Griscom.
View insider buying and selling activity for Macy's
or view top insider-selling stocks.

Which institutional investors are buying Macy's stock?

M stock was purchased by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Contrarius Investment Management Ltd, Voloridge Investment Management LLC, Deutsche Bank AG, Khrom Capital Management LLC, and Morgan Stanley.
View insider buying and selling activity for Macy's
or or view top insider-buying stocks.

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 $28.04.

How much money does Macy's make?

Macy's has a market capitalization of $8.68 billion and generates $17.35 billion in revenue each year. The company earns $-3.94 billion in net income (profit) each year or $2.66 on an earnings per share basis.

How many employees does Macy's have?

Macy's employs 75,711 workers across the globe.

Does Macy's have any subsidiaries?

The following companies are subsidiares of Macy's: Advertex Communications Inc., Bloomingdale's LLC, Bloomingdales.com LLC, Bloomingdale’s Merchandising LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Macy's Backstage Inc., Macys.com LLC, 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) Limited, Macy’s Merchandising Group Inc., Macy’s Merchandising Group International (Hong Kong) Limited, 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.

When was Macy's founded?

Macy's was founded in 1858.

What is Macy's' official website?

The official website for Macy's is www.macysinc.com.

Where are Macy's' headquarters?

Macy's is headquartered at 151 WEST 34TH STREET, NEW YORK NY, 10001.

How can I contact Macy's?

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


This page was last updated on 12/7/2021 by MarketBeat.com Staff

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