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NYSE:MMacy's Stock Price, Forecast & News

$6.77
+0.14 (+2.11 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$6.46
Now: $6.77
$6.86
50-Day Range
$5.21
MA: $6.92
$9.55
52-Week Range
$4.38
Now: $6.77
$23.40
Volume20.47 million shs
Average Volume36.59 million shs
Market Capitalization$2.10 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.57
Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico. It also operated macys.com, bloomingdales.com, and bluemercury.com. In addition, the company offers licenses for its stores; and operates a beauty products and spa retailer under the bluemercury name. 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 Cincinnati, Ohio.
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Macy

Beat the Market (BTM) Rank

Analyst Opinion: 3.8Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.66 out of 5 stars


Industry, Sector and Symbol

Industry Department stores
Sub-IndustryDepartment Stores
CUSIP55616P10
Phone212-494-1602

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.56 billion
Cash Flow$6.10 per share
Book Value$20.64 per share

Profitability

Net Income$564 million

Miscellaneous

Employees123,000
Market Cap$2.10 billion
Next Earnings Date8/12/2020 (Estimated)
OptionableOptionable

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Macy's (NYSE:M) Frequently Asked Questions

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

Macy's' stock was trading at $9.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, M stock has decreased by 28.7% and is now trading at $6.77. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Macy's?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 8 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Macy's.

When is Macy's' next earnings date?

Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for Macy's.

How were Macy's' earnings last quarter?

Macy's Inc (NYSE:M) posted its earnings results on Tuesday, June, 9th. The company reported ($2.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.35) by $0.32. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.03 billion. Macy's had a negative net margin of 14.28% and a positive return on equity of 2.61%. View Macy's' earnings history.

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

Macy's declared a quarterly dividend on Friday, February 28th. Investors of record on Friday, March 13th will be paid a dividend of $0.377 per share on Wednesday, April 1st. This represents a $1.51 dividend on an annualized basis and a yield of 22.27%. The ex-dividend date of this dividend is Thursday, March 12th. View Macy's' dividend history.

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

Macy's updated its first quarter earnings guidance on Tuesday, June, 9th. The company provided EPS guidance of ($2.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($2.06). The company issued revenue guidance of $3.017 billion, compared to the consensus revenue estimate of $3.11 billion.

What price target have analysts set for M?

14 equities research analysts have issued 1 year price objectives for Macy's' stock. Their forecasts range from $3.00 to $22.00. On average, they expect Macy's' stock price to reach $9.65 in the next twelve months. This suggests a possible upside of 42.6% from the stock's current price. View analysts' price targets for Macy's.

Has Macy's been receiving favorable news coverage?

Media headlines about M stock have trended very negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Macy's earned a media sentiment score of -3.8 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Macy's.

Are investors shorting Macy's?

Macy's saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 123,980,000 shares, a decrease of 6.1% from the May 31st total of 132,060,000 shares. Based on an average daily trading volume, of 41,610,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 42.2% of the company's shares are sold short. View Macy's' Current Options Chain.

Who are some of Macy's' key competitors?

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), Micron Technology (MU), NVIDIA (NVDA), Ford Motor (F), Walt Disney (DIS), Netflix (NFLX), Bank of America (BAC) and Exxon Mobil (XOM).

Who are Macy's' key executives?

Macy's' management team includes the following people:
  • Mr. Jeffrey Gennette, Chairman & CEO (Age 58)
  • Mr. Harry A. Lawton III, Pres (Age 45)
  • Ms. Paula A. Price, CFO & Exec. VP (Age 58)
  • Ms. Elisa D. Garcia C., Chief Legal Officer, Exec. VP & Sec. (Age 61)
  • Ms. Danielle L. Kirgan, Chief HR Officer & Exec. VP (Age 43)

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 number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%), Exane Derivatives (0.02%), Everence Capital Management Inc. (0.02%), Envestnet Asset Management Inc. (0.00%) and Campbell Capital Management Inc. (0.00%). Company insiders that own Macy's stock include C Elisa D Garcia, Deirdre P Connelly, Felicia Williams, Francis S Blake, Harry A Lawton III, Jeffrey Gennette, John T Harper, Joyce M Roche, Paula A Price and William H Lenehan. 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 Envestnet Asset Management Inc., and Exane Derivatives. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Felicia Williams, and John T Harper. View insider buying and selling activity for Macy's.

Which institutional investors are buying Macy's stock?

M stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Everence Capital Management Inc., and Campbell Capital Management Inc.. Company insiders that have bought Macy's stock in the last two years include Francis S Blake, Harry A Lawton III, Jeffrey Gennette, Joyce M Roche, and William H Lenehan. View insider buying and selling activity 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Macy's' stock price today?

One share of M stock can currently be purchased for approximately $6.77.

How big of a company is Macy's?

Macy's has a market capitalization of $2.10 billion and generates $24.56 billion in revenue each year. The company earns $564 million in net income (profit) each year or $2.91 on an earnings per share basis. Macy's employs 123,000 workers across the globe.

What is Macy's' official website?

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

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 212-494-1602 or via email at [email protected]

This page was last updated on 7/12/2020 by MarketBeat.com Staff

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