Macy's, Inc. (M)
| Market Cap | 4.04B |
| Revenue (ttm) | 23.51B |
| Net Income (ttm) | 184.00M |
| Shares Out | 277.37M |
| EPS (ttm) | 0.65 |
| PE Ratio | 22.23 |
| Forward PE | 5.62 |
| Dividend | $0.69 (4.77%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 6,248,034 |
| Open | 15.00 |
| Previous Close | 15.14 |
| Day's Range | 14.52 - 15.19 |
| 52-Week Range | 14.06 - 22.10 |
| Beta | 2.15 |
| Analysts | Buy |
| Price Target | 19.86 (+36.4%) |
| Earnings Date | Nov 26, 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 7 analysts, the average rating for M stock is "Buy." The 12-month stock price forecast is $19.86, which is an increase of 36.40% from the latest price.
News
Bloomingdale's CEO on Consumer Trends Ahead of the Holidays
Bloomingdale's CEO Olivier Bron discusses consumer spending trends ahead of the holiday season, the company's growth strategy and the broader retail landscape with Scarlet Fu and Romaine Bostick on "B...
Macy's CEO talks store's turnaround, 'Bold New Chapter' strategy
Macy's (M) Chairman and CEO Tony Spring took the helm of the nearly 100-year-old department store in February of this year. With Macy's facing falling sales, losing market share, and receiving pressur...
Buying Shoes at Macy's Isn't Fun. Its New CEO Is Trying to Change That.
The retailer is putting fewer styles on shelves and using technology to get shoes out of the stockroom faster.
Macy's, Inc. to Report Third Quarter 2024 Results on November 26, 2024
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Report Third Quarter 2024 Results on November 26, 2024.
Q3 Net Income up 24% to US$120 Million and Lease Revenue up 15% to US$677 Million
DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, announces results for the third quarter (‘Q3') of 2024. 2024 THIRD QUARTER | FINANCIAL HIGHLIGHTS Income Statement (US$M) Q3...
BLOOMINGDALE'S LAUNCHES A WICKED GOOD HOLIDAY
Bloomingdale's announces a holiday partnership with Universal Pictures' new cinematic event, Wicked; with immersive activations, exclusive products including an AQUA collaboration, and their annual 59...
Zedge Announces Fourth Quarter and Full Year Fiscal 2024 Results
Fourth quarter total revenue growth of 14% Fourth quarter Zedge Marketplace subscription revenue grew 31% Fourth quarter Zedge Marketplace ARPMAU1 increased 43% NEW YORK, NY / ACCESSWIRE / October 29,...
Macy's, Inc. Board of Directors Declares Quarterly Dividend
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Board of Directors Declares Quarterly Dividend.
Macy's: Slimming Down Its Store Base To Restore Growth
Macy's is closing 150 stores by the end of 2026 and rolling out new initiatives in its remaining stores. The First 50 locations to see these new initiatives have outperformed Macy's other stores. Macy...
Bloomie's By Bloomingdale's is Opening in New Jersey
The Fourth Bloomie's Location is set to open at The Grove in Shrewsbury on November 14 NEW YORK , Oct. 15, 2024 /PRNewswire/ -- Today Bloomingdale's announces the fourth Bloomie's store format is set ...
Experience the Magic of Holidays With Macy's: Your Ultimate Holiday Guide to Gift Giving and Celebration
NEW YORK--(BUSINESS WIRE)--As the ultimate holiday destination, Macy's brings the magic of the holidays to life with beloved iconic events, whimsical window displays, unique shopping experiences and t...
South Star Announces Significant Increase in Mineral Resources and Positive BamaStar PEA Results for Vertically Integrated Graphite Mine and Value-Add Project in Alabama, U.S.A.
Highlights: Positive National Instrument 43-101 ("NI 43-101") Preliminary Economic Assessment ("PEA") for the BamaStar Mine and Concentrator Plant in Coosa County, AL and a value-add upgrading plant i...
Macy's Bold New Chapter Strategy Faces Too Many Uncertainties
Macy's, Inc.'s CAGR is -17.70%, with a ten-period moving average CAGR of -5.37%, indicating a significant decline. Net sales have decreased in seven of the last ten years, with the latest report showi...
BLOOMINGDALE'S ANNUAL PINK CAMPAIGN LAUNCHES IN TANDEM WITH AQUA X KERRI ROSENTHAL COLLECTION
The retailer's annual campaign will benefit its two long-standing partners, the Breast Cancer Research Foundation and the Tutu Project NEW YORK , Oct. 1, 2024 /PRNewswire/ -- To mark Breast Cancer Awa...
Macy's and Toys“R”Us® Announce Geoffrey's Hot Toy List for the 2024 Holiday Season
NEW YORK--(BUSINESS WIRE)--Macy's and Toys“R”Us® are kicking off the holiday season with the unveiling of Geoffrey's Hot Toy List for 2024, featuring the hottest toys for every age and interest. This ...
Macy's to hire more than 31,500 employees for holiday season
Macy's said on Thursday it will hire more than 31,500 full and part-time employees for the upcoming holiday season - fewer than last year - as the U.S. department store gears up for a busy shopping pe...
Macy's, Inc. Gears Up to Hire for More Than 31,500 Seasonal Positions to Deliver Joyful Holiday Shopping Experiences
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Gears Up to Hire for More Than 31,500 Seasonal Positions to Deliver Joyful Holiday Shopping Experiences.
Macy's, Inc. Announces Early Tender Results of Debt Tender Offer
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE:M) today announced the early tender results of the previously announced cash tender offer (the “Tender Offer”) by its wholly owned subsidiary, Macy's Reta...
Macy's Launches Mode of One, a New Contemporary Menswear Brand, Strengthening Fashion Leadership in Private Brands
NEW YORK--(BUSINESS WIRE)--Today, Macy's introduced Mode of One, a new contemporary menswear brand designed for the individual who sees style as a powerful form of self-expression. The assortment feat...
Macy's, Inc. (M) Goldman Sachs 31st Annual Global Retailing Conference (Transcript)
Macy's, Inc. (NYSE:M) Goldman Sachs 31st Annual Global Retailing Conference September 5, 2024 8:15 AM ET Company Participants Tony Spring - Chairman and Chief Executive Officer Adrian Mitchell - Chie...
Macy's, Inc. Announces Debt Tender Offer
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE:M) today announced that its wholly owned subsidiary, Macy's Retail Holdings, LLC (the “Company”), has commenced a cash tender offer (the “Tender Offer”) t...
Laser Photonics Announces Second Quarter 2024 Results
ORLANDO, FL / ACCESSWIRE / August 29, 2024 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC"), a leading global developer of CleanTech laser systems for laser cleaning and other material application...
Macy's Doesn't Need a Miracle to Lift Its Stock
This column is part of the eighth annual Heard on the Street stock-picking series.
Macy's Exhibits Resilience in a Demanding Retail Environment
Macy's, Inc. M holds a prominent position in the U.S. retail sector, operating a diverse portfolio of department stores under the renowned banners of Macy's, Bloomingdale's, and Bluemercury. With a 15...
Macy's Q2 Results: Weak Sales And Credit Card Risks Spell Trouble
Macy's, Inc. management may regret not accepting a buyout offer, as shares trade over 35% below the offer value. The company's Q2 results show mixed performance with revenue decline, credit card reven...