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Macy's (M)
NYSE:M
Macy's (M) Stock Price & Analysis
4,657 Followers
M Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.36 - $22.10
Previous Close$20.38
Volume3.37M
Average Volume (3M)6.40M
Market Cap
$5.61B
Enterprise Value$7.57B
Total Cash (Recent Filing)$1.03B
Total Debt (Recent Filing)$3.00B
Price to Earnings (P/E)550.8
Beta1.70
Next Earnings
Aug 15, 2024EPS Estimate
$0.3Next Dividend Ex-Date
Jun 14, 2024Dividend Yield3.29%
Share Statistics
EPS (TTM)0.04
Shares Outstanding274,271,536
10 Day Avg. Volume5,834,709
30 Day Avg. Volume6,396,246
Standard Deviation0.18
R-Squared0.39
Alpha-0.00515
Financial Highlights & Ratios
Price to Book (P/B)1.92
Price to Sales (P/S)0.23
Price to Cash Flow (P/CF)1.20
P/FCF Ratio1.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.32
Enterprise Value/Gross Profit0.78
Enterprise Value/Ebitda7.99
Forecast
1Y Price Target
$19.86Price Target Upside0.56% Upside
Rating ConsensusHold
Number of Analyst Covering9
Macy's News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMacy's Inc. delivered yet another EPS beat, with SG&A discipline offsetting GM downside.
Market SentimentMacy's Inc. acknowledged a raised acquisition bid by Arkhouse Management and Brigade Capital, which suggests a potential transaction could be more likely than previously anticipated by the market.
Strategy And OperationsThe Bold New Chapter strategy is gaining traction, with the First 50 Macy's nameplate doors showing a +3.4% comp increase.
Bears Say
Financial PerformanceAnalyst estimates for future earnings have been lowered due to expected decreases in credit revenue, reflecting a cautious outlook on the company's financial performance.
Regulatory RisksThe CFPB late fee proposal could lead to a significant reduction in credit income for companies, potentially impacting their overall revenue.
Strategy And ExecutionModernization efforts, including significant store closures and product revamps, may not have an immediate impact on the company's profitability.
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Ownership Overview
1.41% Insiders
25.53% Mutual Funds
42.80% Other Institutional Investors
30.27% 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 Aug 15, 2024 which is in 77 days.
How were Macy's’s earnings last quarter?
Macy's released its earnings results on May 21, 2024. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.174 by $0.096.
Is Macy's overvalued?
According to Wall Street analysts Macy's’s price is currently Undervalued.
Does Macy's pay dividends?
Macy's pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 3.29%. See more information on Macy's dividends here
What is Macy's’s EPS estimate?
Macy's’s EPS estimate is $0.3.
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 $0.27 in its last earnings report, beating expectations of $0.174. Following the earnings report the stock price went up 5.131%.
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 28M.
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Macy's Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$19.86 (0.56% Upside)
$19.86 (0.56% Upside)
Blogger Sentiment
Bullish
M Sentiment 70%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 3.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.7M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
48.17%
12-Months-Change
Fundamentals
Return on Equity
0.29%
Trailing 12-Months
Asset Growth
-2.48%
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
Q1 2024
0:00 / 0:00
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M Stock 12 Month Forecast
Average Price Target
$19.86
▲(0.56% Upside)
Technical Analysis
Best Analysts Covering M
1 Year
1 Year Success Rate
10/14 ratings generated profit
1 Year Average Return
+21.53%
reiterated a buy rating 9 days ago
Copying Matthew Boss's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +21.53% per trade.
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