Macy's, Inc. (M)
| Market Cap | 5.05B |
| Revenue (ttm) | 23.87B |
| Net Income (ttm) | 105.00M |
| Shares Out | 274.27M |
| EPS (ttm) | 0.38 |
| PE Ratio | 48.50 |
| Forward PE | 7.71 |
| Dividend | $0.69 (3.77%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 3,785,632 |
| Open | 18.34 |
| Previous Close | 18.35 |
| Day's Range | 18.18 - 18.61 |
| 52-Week Range | 10.54 - 22.10 |
| Beta | 2.19 |
| Analysts | Hold |
| Price Target | 17.40 (-5.59%) |
| Earnings Date | May 30, 2024 |
About M
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 Ju... [Read more]
Financial Performance
In 2023, Macy's's revenue was $23.87 billion, a decrease of -6.22% compared to the previous year's $25.45 billion. Earnings were $105.00 million, a decrease of -91.08%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for M stock is "Hold." The 12-month stock price forecast is $17.4, which is a decrease of -5.59% from the latest price.
News
Southern Energy Corp. Announces Fourth Quarter and Year End 2023 Financial and Operating Results
CALGARY, AB / ACCESSWIRE / April 26, 2024 / Southern Energy Corp. (" Southern " or the " Company ") (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF), an established producer with natural gas and light oil assets in ...
A new wave of e-commerce disruption could close 45,000 retail stores over the next five years, analysts say
A decade ago, Amazon.com was all the worry in the retail industry — and retailers, to some degree, adapted. But UBS analysts have suggested that e-commerce isn't done with the brick-and-mortar store j...
Macy's proxy fight is over, but the battle for the department store's future wages on
CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.
Final Trade: BA, JPM, KBW & M
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Macy's Appoints Activist Investor Board Picks, Ending Proxy Fight
Macy's (M) on Wednesday ended a proxy fight by agreeing to calls for a board shakeup by activist investor Arkhouse Management.
Macy's Appoints Two New Directors, Continues Talks With Arkhouse & Brigade
Macy's appointed today two new independent directors Richard (Ric) Clark and Richard (Rick) Markee. It is not clear who nominated the directors.
Macy's adds 2 new directors to board, ending fight with activist investors
The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal.
Department stores face another squeeze. This time, in store credit card revenue
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.
Macy's just moved closer to going private: find out more
Macy's Inc (NYSE: M) is trending down at writing after announcing to have settled its proxy fight with Arkhouse Management. Here's what it means for $M The department store chain has agreed to add two...
Macy's Names Two Arkhouse Nominees to Board
Investment firm Arkhouse Management ended its proxy contest against Macy's, and withdrew its seven other director candidates.
Macy's Appoints Two Arkhouse Candidates to Board, Reaches Settlement
Macy's appointed two new independent directors to its board, prompting Arkhouse Management to withdraw its nominations though talks continue about a potential acquisition.
Macy's appoints two new directors; ends proxy contest with Arkhouse
Macy's on Wednesday named two new independent directors to its board effective immediately, ending a proxy contest with activist investor Arkhouse Management.
Macy's settles proxy fight with activist Arkhouse, adds two directors
Macy's settles proxy fight with activist Arkhouse, adds two directors
Macy's to add two Arkhouse nominees to board as firm ends its proxy contest
Macy's Inc. M, +0.72% said Wednesday it's adding two independent directors to its board with immediate effect following engagement with private-equity firm Arkhouse Management Co. LP and making other ...
Arkhouse Issues Statement on Settlement with Macy's
NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy's, Inc. (“Macy's” or the “Company”) (NYSE: M), to...
Macy's, Inc. Appoints Richard Clark and Richard L. Markee to Board of Directors
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced the appointment of two new independent directors, Richard (Ric) Clark and Richard (Rick) L. Markee, to its Board of Directors (the “Bo...
Macy's shutdowns: How other retail competitors are smelling opportunity
Corey Tarlowe, Jefferies equity analyst, joins 'The Exchange' with CNBC's Melissa Repko to discuss how consumer habits benefit certain retailers, why some retailers are closing stores while others rep...
Macy's hasn't closed its stores yet. But Target, Kohl's CEOs already smell opportunity
Macy's closures of about 150 stores could put up to $2 billion in annual sales up for grabs for other retailers.
How Will Macy's Survive - A Sign Of Hard Times For Department Stores
Let's be frank. Department stores are a wonderful creation of the last century.
Retail expert: Discount stores are thriving amid inflation
While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy's (M) announcing it will shutter 150 locations. Discount retailers like T...
Season of change for retailers? Former J. Crew CEO Mickey Drexler on the state of retail
Mickey Drexler, Alex Mill chairman and former J.Crew CEO and chairman, joins 'Squawk Box' to discuss the state of retail, why some brands are offering steeper discounts online than in-store, state of ...
Final Trades: JNJ, M, IYH & CLF
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Biden's late-fee crackdown is a blow to department stores. Shoppers should beware of what comes next.
Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines. Those cards, often laden with incentives, keep shoppers coming back...
TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 29, 2024. Consolidated Financial Highlights for...
Macy's, Nordstrom Eye Private Ownership While Adapting to Retail Market
The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy's consider a shift toward private-equity or hedge-fund ownership. These poten...