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Macy's (M)
NYSE:M
Macy's (M) Stock Price & Analysis
4,635 Followers
M Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.36 - $22.10
Previous Close$19.37
Volume2.71M
Average Volume (3M)7.09M
Market Cap
$5.33B
Enterprise Value$7.29B
Total Cash (Recent Filing)$1.03B
Total Debt (Recent Filing)$3.00B
Price to Earnings (P/E)51.3
Beta1.77
Next Earnings
May 21, 2024EPS Estimate
$0.16Last Dividend Ex-Date
Mar 14, 2024Dividend Yield3.36%
Share Statistics
EPS (TTM)0.37
Shares Outstanding274,271,536
10 Day Avg. Volume3,571,073
30 Day Avg. Volume7,092,469
Standard Deviation0.18
R-Squared0.39
Alpha-0.00515
Financial Highlights & Ratios
Price to Book (P/B)1.90
Price to Sales (P/S)0.22
Price to Cash Flow (P/CF)1.20
P/FCF Ratio1.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.31
Enterprise Value/Gross Profit0.75
Enterprise Value/Ebitda7.69
Forecast
1Y Price Target
$19.31Price Target Upside-1.58% Downside
Rating ConsensusHold
Number of Analyst Covering10
Macy's News
PremiumCompany Announcements
Macy’s Revamps Board, Embraces New Growth Strategy
Bulls Say, Bears Say
Bulls Say
Acquisition PotentialMacy's Inc. acknowledged an increased acquisition offer from Arkhouse Management and Brigade Capital, signaling a potential transaction that may unlock shareholder value.
Corporate StrategyThe company's 'Bold New Chapter' initiative aims to strengthen the brand and return to top line growth through strategic operational improvements.
Financial ForecastFirst quarter guidance appears beatable as it includes a conservative sales growth deceleration and profitability estimate.
Bears Say
Credit Income And EPS ImpactThe CFPB late fee proposal could lead to a significant reduction in credit income for companies, potentially impacting their overall revenue and leading to a reduction in EPS.
Earnings ForecastThere is continued risk to the year's earnings per share forecast, as it assumes a significant revenue and profitability increase in the latter quarters without accounting for potential credit card late fees.
Sales Growth ExpectationAchieving the projected low single-digit percentage comparable sales growth starting in 2025 is optimistic, considering it does not rely on increased customer traffic but rather on other factors.
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Ownership Overview
1.41% Insiders
25.72% Mutual Funds
42.83% Other Institutional Investors
30.05% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
The estimated number of people who visited one or more of the websites owned by Macy's
Desktop Users
Mobile Users
M FAQ
What was Macy's’s price range in the past 12 months?
Macy's lowest stock price was $10.36 and its highest was $22.10 in the past 12 months.
What is Macy's’s market cap?
Currently, no data Available
When is Macy's’s upcoming earnings report date?
Macy's’s upcoming earnings report date is May 21, 2024 which is in 4 days.
How were Macy's’s earnings last quarter?
Macy's released its earnings results on Feb 27, 2024. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.46.
Is Macy's overvalued?
According to Wall Street analysts Macy's’s price is currently Overvalued.
Does Macy's pay dividends?
Macy's pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 3.36%. See more information on Macy's dividends here
What is Macy's’s EPS estimate?
Macy's’s EPS estimate is $0.16.
How many shares outstanding does Macy's have?
Macy's has 275,156,800 shares outstanding.
What happened to Macy's’s price movement after its last earnings report?
Macy's reported an EPS of $2.45 in its last earnings report, beating expectations of $1.99. Following the earnings report the stock price went up 3.344%.
Which hedge fund is a major shareholder of Macy's?
Among the largest hedge funds holding Macy's’s share is Appaloosa Management LP. It holds Macy's’s shares valued at 90M.
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Macy's Stock Smart Score
Underperform
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10
Analyst Consensus
Hold
Average Price Target:
$19.31 (-1.58% Downside)
$19.31 (-1.58% Downside)
Blogger Sentiment
Bullish
M Sentiment 72%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 2.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.6%
Last 30 Days ▼ 4.1%
Last 30 Days ▼ 4.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.99%
12-Months-Change
Fundamentals
Return on Equity
2.56%
Trailing 12-Months
Asset Growth
-3.64%
Trailing 12-Months
Company Description
Macy's
Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. Its 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 Cincinnati, OH.
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M Company Deck
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M Earnings Call
Q4 2024
0:00 / 0:00
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M Stock 12 Month Forecast
Average Price Target
$19.31
▼(-1.58% Downside)
Technical Analysis
Best Analysts Covering M
1 Year
1 Year Success Rate
12/17 ratings generated profit
1 Year Average Return
-15.38%
reiterated a sell rating 6 months ago
Copying Lorraine Hutchinson's trades and holding each position for 1 Year would result in 70.59% of your transactions generating a profit, with an average return of -15.38% per trade.
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