Macy's, Inc. (M)
| Market Cap | 4.58B |
| Revenue (ttm) | 23.69B |
| Net Income (ttm) | 13.00M |
| Shares Out | 276.41M |
| EPS (ttm) | 0.04 |
| PE Ratio | 414.25 |
| Forward PE | 6.18 |
| Dividend | $0.69 (4.19%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 4,788,112 |
| Open | 16.62 |
| Previous Close | 16.46 |
| Day's Range | 16.47 - 16.68 |
| 52-Week Range | 10.54 - 22.10 |
| Beta | 2.21 |
| Analysts | Hold |
| Price Target | 18.10 (+9.23%) |
| Earnings Date | Aug 20, 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 $18.1, which is an increase of 9.23% from the latest price.
News
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Macy's Relaunches Epic Threads, Celebrating Kids' Style – Just in Time for Back-to-School
NEW YORK--(BUSINESS WIRE)--Macy's Summer's Greatest Hits celebrates back-to-school and with the relaunch of its beloved kid's clothing line, Epic Threads, a private brand dedicated to celebrating the ...
Final Trades: Walmart, Burberry, Google and Macy's
The final trades of the day with the Fast Money traders.
Macy's Refocuses Customer Experience on Personalization and Relevance
For Macy's Senior Vice President, Customer Journey, Bennett Fox-Glassman, personalization boils down to two things. “Customers don't come up and ask for personalization,” Fox-Glassman said at The Lead...
Macy's Ends Buyout Talks With Two Investors
Macy's ended buyout talks with two investors. The stock sank as much as 16%.
Macy's Board Ends Acquisition Talks With Arkhouse, Brigade
The Macy's board of directors has unanimously decided to end acquisition talks with Arkhouse Management and Brigade Capital Management. The decision follows more than seven months of engagement that i...
Macy's Stock Plunges After Ending Buyout Talks: What to Know
Macy's stock is falling after the department store chain halted takeover talks with an investor group that was looking to take it private.
Macy's shares slide as retailer ends buyout talks with Arkhouse, Brigade
Retail giant Macy's revealed on Monday it will stop engaging in talks with Arkhouse Management and Brigade Capital Management about a potential acquisition.
Macy's junk bonds that would pay off in the event of a takeover fall after talks end with private-equity suitors
Two series of bonds have change-of-control language that would require payment at 101 cents on the dollar.
Macy's Stock Plunges After It Ends Arkhouse, Brigade Buyout Talks
After months of negotiation, Macy's (M) on Monday said it had ended talks with would-be buyers Arkhouse Management and Brigade Capital Management.
GS/BLK Earnings Beat, M Ends Takeover Talks, NVDA Price Target Hike, GOOGL Nears Largest Acquisition
Goldman Sachs (GS) and BlackRock (BLK) earnings beat estimates. Macy's (M) ends takeover talks with Arkhouse and Brigade.
Macy's terminates buyout talks with activist group
Macy's Inc (NYSE: M) ended buyout talks with Arkouse and Brigade on Monday as their proposal “lacks certainty of financing and does not deliver compelling value”. The announcement arrives after month...
Macy's scraps talks to go private for $6.9B with activist investors Arkhouse and Brigade
Macy's board “unanimously determined to terminate discussion with Arkhouse and Brigade that have failed to lead to an actionable proposal with certainty of financing at a compelling value.”
Cramer's Mad Dash -- Macy's
CNBC's Jim Cramer delivers his daily Mad Dash.
Macy's Stock Is Sinking. Buyout Talks End Without a Deal.
The department-store chain ended discussions that have “failed to lead to an actionable proposal with certainty of financing at a compelling value.”
Macy's Terminates Buyout Talks With Arkhouse Management, Brigade Capital Management
Macy's M -15.61%decrease; red down pointing triangle terminated discussions with Arkhouse Management and Brigade Capital Management, citing a lack of a concrete proposal with guaranteed financing at a...
Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations
Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations
Macy's stock tumbles 12% after company says it has ended takeover talks with Arkhouse and Brigade
Macy's Inc.'s stock M, -2.35% tumbled 12.3% early Monday, after the department-store chain said it has terminated talks with private-equity firm Arkhouse Management Co. LP and Brigade Capital Manageme...
Macy's terminates discussions with Arkhouse and Brigade
Macy's said on Monday it has terminated discussions with Arkhouse Management and Brigade Capital, citing that revised proposal to buy the department store chain lacks certainty of financing and does n...
Macy's, Inc. Terminates Discussions with Arkhouse and Brigade
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced that, following months of engagement with Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”), its ...
Josiah Macy Jr. Foundation Partners with the ACGME on Macy Catalyst Awards
New York, NY, July 11, 2024 (GLOBE NEWSWIRE) -- The Josiah Macy Jr. Foundation is pleased to announce that it is partnering with the Accreditation Council for Graduate Medical Education (ACGME) on the...
Macy's Joins Other Big Retailers With Special Summer Sales Event
Macy's on Wednesday announced a special summer sale, joining other big retailers making a major seasonal push to bring in customers.
Macy's plans first-ever ‘All-Star Week' event for loyalty card holders and other shoppers
Macy's Inc. M, -0.32% is planning its first-ever “All-Star Week,” an event running from July 16 through July 23 that will reward its Star Rewards loyalty members. The event will offer summer deals to ...
Macy's Summer's Greatest Hits Celebrates Star Rewards Loyalty Members with the First-Ever “All-Star Week”
NEW YORK--(BUSINESS WIRE)-- #macys--Macy's Summer's Greatest Hits continues with the launch of the first-ever “All-Star Week” in celebration of Star Rewards loyalty members. Running from Tuesday, July...