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NYSE:MMacy's Stock Price, Forecast & News

$8.77
+0.56 (+6.82 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$8.68
Now: $8.77
$9.60
50-Day Range
$4.82
MA: $5.65
$8.21
52-Week Range
$4.38
Now: $8.77
$23.40
Volume75.65 million shs
Average Volume46.26 million shs
Market Capitalization$2.72 billion
P/E Ratio4.82
Dividend YieldN/A
Beta1.54
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: 2.8Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.71 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$6.54 per share
Book Value$20.64 per share

Profitability

Net Income$564 million

Miscellaneous

Employees123,000
Market Cap$2.72 billion
Next Earnings Date7/1/2020 (Confirmed)
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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, M shares have decreased by 7.6% and is now trading at $8.77. 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, July 1st 2020. View our earnings forecast for Macy's.

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

Macy's will be holding an earnings conference call on Wednesday, July 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Macy's' earnings last quarter?

Macy's Inc (NYSE:M) released its quarterly earnings data on Tuesday, February, 25th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.96 by $0.16. The business earned $8.34 billion during the quarter, compared to analysts' expectations of $8.32 billion. Macy's had a net margin of 2.30% and a return on equity of 14.47%. Macy's's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.73 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 declared a quarterly dividend on Friday, February 28th. Investors of record on Friday, March 13th will be given a dividend of $0.377 per share on Wednesday, April 1st. This represents a $1.51 annualized dividend and a dividend yield of 17.19%. The ex-dividend date is Thursday, March 12th. View Macy's' dividend history.

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

Macy's issued an update on its first quarter 2020 IntraDay earnings guidance on Thursday, May, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $3-3.03 billion, compared to the consensus revenue estimate of $3.29 billion.

What price target have analysts set for M?

14 Wall Street analysts have issued twelve-month price targets for Macy's' shares. Their forecasts range from $3.00 to $22.00. On average, they expect Macy's' stock price to reach $10.12 in the next year. This suggests a possible upside of 15.3% 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 positive this week, InfoTrie reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Macy's earned a news sentiment score of 2.4 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutMacy's.

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 many different retail and institutional investors. Top institutional investors include Yacktman Asset Management LP (14.68%), BlackRock Inc. (8.95%), State Street Corp (5.38%), Contrarius Investment Management Ltd (3.41%), Bank of New York Mellon Corp (2.19%) and Geode Capital Management LLC (1.76%). 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 American International Group Inc., Bank of New York Mellon Corp, Exchange Traded Concepts LLC, BlackRock Inc., AQR Capital Management LLC, Invesco Ltd., Morgan Stanley, and Morgan Stanley. Company insiders that have sold Macy's company stock in the last year include C Elisa D Garcia, Felicia Williams, John T Harper, and Paula A Price. 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 Yacktman Asset Management LP, Prudential PLC, Two Sigma Advisers LP, State Street Corp, Capital World Investors, Prentice Capital Management LP, Voloridge Investment Management LLC, and APG Asset Management N.V.. 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 $8.77.

How big of a company is Macy's?

Macy's has a market capitalization of $2.72 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.

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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