Macy's, Inc. (M)

NYSE: M · IEX Real-Time Price · USD
18.36
-0.48 (-2.53%)
At close: Jun 14, 2024, 4:00 PM
18.42
+0.06 (0.33%)
After-hours: Jun 14, 2024, 7:56 PM EDT
-2.53%
Market Cap 5.07B
Revenue (ttm) 23.69B
Net Income (ttm) 13.00M
Shares Out 276.41M
EPS (ttm) 0.04
PE Ratio 459.00
Forward PE 6.84
Dividend $0.69 (3.78%)
Ex-Dividend Date Jun 14, 2024
Volume 3,580,263
Open 18.65
Previous Close 18.84
Day's Range 18.31 - 18.75
52-Week Range 10.54 - 22.10
Beta 2.19
Analysts Hold
Price Target 17.70 (-3.59%)
Earnings Date May 21, 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]

Founded 1830
Employees 85,581
Stock Exchange NYSE
Ticker Symbol M
Full Company Profile

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for M stock is "Hold." The 12-month stock price forecast is $17.7, which is a decrease of -3.59% from the latest price.

Price Target
$17.7
(-3.59% downside)
Analyst Consensus: Hold
Stock Forecasts

News

BLOOMINGDALE'S LAUNCHES LATEST CAROUSEL GAME ON POWERED BY AIR FRANCE

The new carousel shop, curated by Venus Williams, will feature the launch of her exclusive collection with AQUA. NEW YORK , June 13, 2024 /PRNewswire/ -- Bloomingdale's, in partnership with Air France...

1 day ago - PRNewsWire

Zedge Announces Third Quarter Fiscal 2024 Results

14% total revenue growth and 35% subscription revenue growth NEW YORK, NY / ACCESSWIRE / June 10, 2024 / Zedge, Inc. (NYSE American:ZDGE), a leader in building digital marketplaces and friendly compet...

Other symbols: ZDGE
4 days ago - Accesswire

Cramer: I see multiple ways to turn around Macy's amid this ambitious turnaround

CNBC's Jim Cramer breaks down the most recent earnings result from Macy's.

21 days ago - CNBC Television

Jim Cramer takes a look at Macy's after strong 1Q earnings

CNBC's Jim Cramer breaks down the most recent quarter from Macy's.

21 days ago - CNBC Television

Macy's is trying to listen to its customers more. The efforts are showing signs of working.

Starting sometime in its last fiscal year, amid a prolonged stretch of weaker demand, Macy's Inc. began using a handful of stores to try out new ideas based on feedback from shoppers. In February, aft...

24 days ago - Market Watch

Macy's and Lowe's beat on earnings: Here's what you need to know

CNBC's Melissa Repko joins 'Power Lunch' to discuss retail earnings from Macy's and Lowe's.

Other symbols: LOW
24 days ago - CNBC Television

Macy's: Even Luxury Shoppers Are Making ‘Thoughtful' Choices About Spending

Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy's, with even high-income customers showing increased selectivity in their purchases...

24 days ago - PYMNTS

Macy's Q1 earnings tops estimates, but needs to generate more sales growth analyst says

Macy's reported first quarter results that topped Wall Street estimates on both the top and bottom lines. The retailer also raised its full-year guidance.

24 days ago - Yahoo Finance

Macy's Sees Upturn In Fiscal 2024

An embolden Tony Spring, Chairman and CEO of Macy's, clearly defined the future by indicating that he was encouraged by the consumer's response to Macy's bold New Chapter strategy. In the first quarte...

24 days ago - Forbes

Cosmetics could be key to growth for Macy's, CEO Says

Macy's beat profit estimates for the most recent quarter and CEO Tony Spring says the turnaround plan is showing signs of progress. He says cosmetics could also be one of the keys to future growth.

24 days ago - Bloomberg Markets and Finance

Macy's Stock Rises as Q1 Results Fall Less Than Expected

Shares of the iconic retailer Macy's (M) rose in intraday trading Tuesday after the release of a first-quarter earnings report that indicated the company's turnaround plan including store closures and...

24 days ago - Investopedia

Macy's is ‘off to a good start' despite quarterly sales decline – analyst says

Macy's Inc (NYSE: M) had an “encouraging quarter” even though its sales declined another 2.7% on a year-over-year basis, says Bob Drbul – a Guggenheim Securities analyst.

24 days ago - Invezz

Macy's is off to an encouraging start with new leadership, says Guggenheim's Bob Drbul

Bob Drbul, Guggenheim Securities equity research analyst, joins 'Squawk Box' to discuss Macy's quarterly earnings results, how the company's restructuring efforts are going, and more.

24 days ago - CNBC Television

Retail Earnings: Macy's Profit, Lowe's Sales Beat Estimates

Chuck Grom, senior retail analyst at Gordon Haskett, examines first-quarter earnings from Macy's Inc. and Lowe's Co.'s and what they say about the US consumer. -------- More on Bloomberg Television an...

Other symbols: LOW
24 days ago - Bloomberg Markets and Finance

Macy's stock climbs after results beat expectations and full-year outlook was raised

Shares of Macy's Inc. M rallied 2.4% in premarket trading Tuesday, after the department store chain reported fiscal first-quarter results that beat expectations and nudged up its full-year outlook. Ne...

24 days ago - Market Watch

Macy's posts bigger-than-expected quarterly sales drop on sluggish demand

Macy's posted a bigger-than-expected drop in first-quarter sales on Tuesday, hobbled by stiff competition from off-price retailers for shoppers increasingly cautious about spending on products such as...

24 days ago - Reuters

Macy's beats earnings estimates, as turnaround plan shows early progress

Macy's beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale's and Bluemercury stores.

24 days ago - CNBC

Macy's, Inc. Reports First Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports First Quarter 2024 Results.

24 days ago - Business Wire

Earnings Exchange: Palo Alto Networks, Zoom & Macy's

Jeff Kilburg, KMM Financial founder and CEO, joins CNBC's 'The Exchange' to discuss three trades: Palo Alto Networks, Zoom, and Macy's.

Other symbols: PANWZM
25 days ago - CNBC Television

As their customers age, Macy's, Kohl's and Nordstrom are chasing younger shoppers

Baby Boomers make up a sizeable chunk of the retailers' shoppers and investors aren't convinced that Gen Z and Millennials will age into shopping at the stores.

Other symbols: JWNKSS
25 days ago - CNBC

Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's

CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.

Other symbols: NVDATGT
4 weeks ago - CNBC

Alta Copper Announces Robust Economics for Cañariaco with US$2.3 billion After-Tax NPV and 24% IRR

VANCOUVER, BC / ACCESSWIRE / May 15, 2024 / Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ("Alta Copper" or "the Company") is pleased to announce attractive economics results from the 2024 Optim...

4 weeks ago - Accesswire

Laser Photonics Announces First Quarter 2024 Results

Revenue increased 10%; reduced operating loss by 39%; reduced net loss and diluted loss per share by 57% each ORLANDO, FL / ACCESSWIRE / May 14, 2024 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC...

Other symbols: LASE
4 weeks ago - Accesswire

Trident Royalties PLC Announces Q1 2024 Activities Update

Q1 2024 Activities Update LONDON, UK / ACCESSWIRE / May 7, 2024 / Trident Royalties Plc (AIM:TRR)(OTCQB:TDTRF), the diversified mining royalty company, is pleased to provide an update on its activitie...

5 weeks ago - Accesswire

Macy's, Inc. to Report First Quarter 2024 Results on May 21, 2024

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) will report its first quarter 2024 sales and earnings results on Tuesday, May 21, 2024. The company will host a call and webcast with financial analys...

5 weeks ago - Business Wire