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NYSE:M

Macy's (M) Stock Price, News & Analysis

Macy's logo
$15.21
-0.06 (-0.39%)
(As of 11/4/2024 ET)

About Macy's Stock (NYSE:M)

Key Stats

Today's Range
$15.13
$15.39
50-Day Range
$14.29
$16.29
52-Week Range
$10.59
$22.10
Volume
3.95 million shs
Average Volume
6.29 million shs
Market Capitalization
$4.22 billion
P/E Ratio
23.77
Dividend Yield
4.54%
Price Target
$20.43
Consensus Rating
Hold

Company Overview

Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. 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.

Macy's Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

M MarketRank™: 

Macy's scored higher than 80% of companies evaluated by MarketBeat, and ranked 88th out of 214 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Macy's has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Macy's has only been the subject of 3 research reports in the past 90 days.

  • Read more about Macy's' stock forecast and price target.
  • Earnings Growth

    Earnings for Macy's are expected to decrease by -3.68% in the coming year, from $2.72 to $2.62 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Macy's is 23.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.15.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Macy's is 23.77, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 116.01.

  • Price to Book Value per Share Ratio

    Macy's has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Macy's' valuation and earnings.
  • Percentage of Shares Shorted

    5.27% of the float of Macy's has been sold short.
  • Short Interest Ratio / Days to Cover

    Macy's has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Macy's has recently increased by 6.22%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Macy's is a leading dividend payer. It pays a dividend yield of 4.53%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Macy's does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Macy's is 107.81%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Macy's will have a dividend payout ratio of 26.34% next year. This indicates that Macy's will be able to sustain or increase its dividend.

  • Read more about Macy's' dividend.
  • Percentage of Shares Shorted

    5.27% of the float of Macy's has been sold short.
  • Short Interest Ratio / Days to Cover

    Macy's has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Macy's has recently increased by 6.22%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Macy's has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Macy's this week, compared to 6 articles on an average week.
  • Search Interest

    Only 47 people have searched for M on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Macy's to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Macy's insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $18,291.00 in company stock.

  • Percentage Held by Insiders

    Only 2.77% of the stock of Macy's is held by insiders.

  • Percentage Held by Institutions

    87.36% of the stock of Macy's is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Macy's' insider trading history.
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M Stock News Headlines

BLOOMINGDALE'S LAUNCHES A WICKED GOOD HOLIDAY
Election warning coming true…
If you missed it, my emergency election broadcast is now available - watch it before it's too late.
Macy's (NYSE:M) Coverage Initiated by Analysts at StockNews.com
Macy's: Slimming Down Its Store Base To Restore Growth
Macy's, Inc. (NYSE:M) Given Average Rating of "Hold" by Brokerages
Bloomie's By Bloomingdale's is Opening in New Jersey
See More Headlines

M Stock Analysis - Frequently Asked Questions

Macy's' stock was trading at $20.12 at the beginning of 2024. Since then, M stock has decreased by 24.4% and is now trading at $15.21.
View the best growth stocks for 2024 here
.

Macy's, Inc. (NYSE:M) issued its earnings results on Wednesday, August, 21st. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.23. The company's revenue for the quarter was down 3.8% on a year-over-year basis.

The following companies are subsidiaries of Macy's: STORY, Bluemercury, May Department Stores Company, Broadway Stores, Advertex Communications Inc., Bloomingdales.com LLC, Bloomingdale's LLC, and others.

Top institutional shareholders of Macy's include Douglas Lane & Associates LLC (0.66%), Principal Financial Group Inc. (0.23%), New York State Teachers Retirement System (0.11%) and Crossmark Global Holdings Inc. (0.09%). Insiders that own company stock include Jeffrey Gennette, Danielle L Kirgan, Antony Spring, Adrian V Mitchell, C Elisa D Garcia and Paul Griscom.
View institutional ownership trends
.

Shares of M stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Macy's investors own include Meta Platforms (META), Verizon Communications (VZ), Humana (HUM), NVIDIA (NVDA), American Water Works (AWK), Waste Connections (WCN) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
8/21/2024
Ex-Dividend for 10/1 Dividend
9/13/2024
Dividend Payable
10/01/2024
Today
11/04/2024
Next Earnings (Estimated)
11/21/2024
Ex-Dividend for 1/2 Dividend
12/13/2024
Dividend Payable
1/02/2025
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Department stores
Sub-Industry
Department Stores
CUSIP
55616P10
Employees
85,581
Year Founded
1858

Price Target and Rating

Average Stock Price Target
$20.43
High Stock Price Target
$27.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+33.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$105 million
Pretax Margin
1.02%

Debt

Sales & Book Value

Annual Sales
$23.09 billion
Cash Flow
$6.81 per share
Book Value
$15.10 per share

Miscellaneous

Free Float
269,690,000
Market Cap
$4.23 billion
Optionable
Optionable
Beta
2.11

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This page (NYSE:M) was last updated on 11/4/2024 by MarketBeat.com Staff
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