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

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.

Key Stats

• Today's Range: $14.52 to $15.19
• 50-Day Range: $14.57 to $16.45
• 52-Week Range: $14.06 to $22.10
• Volume: 7.05 million shs
• Average Volume: 6.26 million shs
• Market Capitalization: $4.04 billion
• P/E Ratio: 22.77
• Dividend Yield: 4.74%
• Price Target: $20.43
• Consensus Rating: Hold

Macy's Stock Analysis - MarketRank™

Macy's scored higher than 85% of companies evaluated by MarketBeat, and ranked 89th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

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 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -4.04%

Earnings Growth

Earnings for Macy's are expected to decrease by -4.04% in the coming year, from $2.72 to $2.61 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Macy's is 22.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Macy's is 22.77, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 117.63.

Price to Book Value per Share Ratio

Macy's has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.44% 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 2.7, 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 3.17%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Macy's is a leading dividend payer. It pays a dividend yield of 4.49%, 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 26.44% next year. This indicates that Macy's will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.1 / 5
• Environmental Score: -3.91

Percentage of Shares Shorted

5.44% 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 2.7, 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 3.17%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.98

News Sentiment

Macy's has a news sentiment score of 0.98. 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 is a higher news sentiment than the 0.62 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Macy's this week, compared to 6 articles on an average week.

Search Interest

Only 38 people have searched for M on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Macy's to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

M Stock Analysis - Frequently Asked Questions

How have M shares performed this year?

Macy's' stock was trading at $20.12 on January 1st, 2024. Since then, M stock has decreased by 27.6% and is now trading at $14.57.
View the best growth stocks for 2024 here.

How were Macy's' earnings last quarter?

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

Does Macy's have any subsidiaries?

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 more.

Who are Macy's' major shareholders?

Macy's' top institutional investors include State Street Corp (3.24%), Geode Capital Management LLC (1.81%), FMR LLC (1.69%) and Barclays PLC. 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.

How do I buy shares of Macy's?

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.

What other stocks do shareholders of Macy's own?

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: 11/20/2024
• Next Earnings (Confirmed): 11/26/2024
• Ex-Dividend for 1/2 Dividend: 12/13/2024
• Dividend Payable: 1/02/2025
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Department stores
• Sub-Industry: Department Stores
• Current Symbol: NYSE:M
• Previous Symbol: NYSE:FD
• CUSIP: 55616P10
• CIK: 794367
• Web: www.macysinc.com
• Phone: (212) 494-1621
• Fax: 212-494-1838
• 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: +40.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.64
• Trailing P/E Ratio: 22.75
• Forward P/E Ratio: 5.35
• P/E Growth: N/A
• Net Income: $105 million
• Net Margins: 0.80%
• Pretax Margin: 1.02%
• Return on Equity: 23.14%
• Return on Assets: 5.82%

Debt

• Debt-to-Equity Ratio: 0.70
• Current Ratio: 1.48
• Quick Ratio: 0.34

Sales & Book Value

• Annual Sales: $23.09 billion
• Price / Sales: 0.17
• Cash Flow: $6.44 per share
• Price / Cash Flow: 2.26
• Book Value: $15.10 per share
• Price / Book: 0.96

Miscellaneous

• Outstanding Shares: 277,370,000
• Free Float: 269,690,000
• Market Cap: $4.04 billion
• Optionable: Optionable
• Beta: 2.11