Macy's, Inc. (M)
| Market Cap | 5.55B |
| Revenue (ttm) | 23.87B |
| Net Income (ttm) | 105.00M |
| Shares Out | 275.16M |
| EPS (ttm) | 0.38 |
| PE Ratio | 53.11 |
| Forward PE | 8.41 |
| Dividend | $0.69 (3.44%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 3,337,005 |
| Open | 20.18 |
| Previous Close | 20.06 |
| Day's Range | 20.18 - 20.18 |
| 52-Week Range | 10.54 - 22.10 |
| Beta | 2.19 |
| Analysts | Hold |
| Price Target | 17.70 (-12.29%) |
| 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]
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 $17.7, which is a decrease of -12.29% from the latest price.
News
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.
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.
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...
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.
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...
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.
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...
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.
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...
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.
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.
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...
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...
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...
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.
Macy's, Inc. Reports First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports First Quarter 2024 Results.
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.
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.
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.
Alta Copper Announces Robust Economics for Cañariaco with US$2.3 billion After-Tax NPV and 24% IRR
VANCOUVER, BC / ACCESSWIRE / May 15, 2024 / Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ("Alta Copper" or "the Company") is pleased to announce attractive economics results from the 2024 Optim...
Laser Photonics Announces First Quarter 2024 Results
Revenue increased 10%; reduced operating loss by 39%; reduced net loss and diluted loss per share by 57% each ORLANDO, FL / ACCESSWIRE / May 14, 2024 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC...
Trident Royalties PLC Announces Q1 2024 Activities Update
Q1 2024 Activities Update LONDON, UK / ACCESSWIRE / May 7, 2024 / Trident Royalties Plc (AIM:TRR)(OTCQB:TDTRF), the diversified mining royalty company, is pleased to provide an update on its activitie...
Macy's, Inc. to Report First Quarter 2024 Results on May 21, 2024
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) will report its first quarter 2024 sales and earnings results on Tuesday, May 21, 2024. The company will host a call and webcast with financial analys...
Avolon Net Income Increases 91% in First Quarter
DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, announces results for the first quarter (‘Q1') of 2024. 2024 FIRST QUARTER | FINANCIAL HIGHLIGHTS Income Statement (US$M) ...
Macy's Honors Historically Black-Founded Fraternities of The Divine Nine® With Exclusive New Collection
NEW YORK--(BUSINESS WIRE)--In recognition and celebration of the legacy and impact of the five historically Black-founded fraternities of the National Pan-Hellenic Council (NPHC) known as The Divine N...