Macy's, Inc. (M)
| Market Cap | 5.51B |
| Revenue (ttm) | 23.76B |
| Net Income (ttm) | 685.00M |
| Shares Out | 274.07M |
| EPS (ttm) | 2.45 |
| PE Ratio | 8.21 |
| Forward PE | 7.45 |
| Dividend | $0.66 (3.29%) |
| Ex-Dividend Date | Dec 14, 2023 |
| Volume | 4,917,052 |
| Open | 20.20 |
| Previous Close | 20.35 |
| Day's Range | 20.10 - 20.38 |
| 52-Week Range | 10.54 - 25.12 |
| Beta | 2.00 |
| Analysts | Hold |
| Price Target | 15.60 (-22.47%) |
| Earnings Date | Feb 29, 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 2022, Macy's's revenue was $24.44 billion, a decrease of -0.07% compared to the previous year's $24.46 billion. Earnings were $1.18 billion, a decrease of -17.69%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for M stock is "Hold." The 12-month stock price forecast is $15.6, which is a decrease of -22.47% from the latest price.
News
Consumer spending is shifting away from goods back to services: Former Macy's CEO Terry Lundgren
Terry Lundgren, TJL Advisors founder and former Macy's CEO, joins 'Money Movers' to discuss Macy's potential buyout, the 2024 retail outlook, and more.
The Future Of Macy's
This writer has no idea what Macy's management is thinking right now. An activist bid for $21.00 a share was made for the whole company by Arkhouse Management and Brigade Capital Management and their ...
Macy's Lowball Offer: Prelude To Finale or A Linchpin To Revival?
News of Macy's lowball takeover offer of $21 per share offer from Arkhouse Management and Brigade Capital Management was hardly a surprise. I've been writing about Macy's misery for as long as I can r...
Macy's Herald Square flagship, Bloomingdale's at 59th St. unlikely to undergo redevelopment
The $21-a-share bid by Brigade Capital Management and Arkhouse Management for the shares of Macy's Inc. they don't already own is surely aimed at the department store giant's real estate assets, as an...
The Score: Macy's, Hasbro, Pfizer and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
Wrap Up the Holiday Season with Last-Minute Gifts at Macy's
NEW YORK--(BUSINESS WIRE)--This time of year can be overwhelming, that's why Macy's makes shopping easy and efficient with the perfect last-minute gifts. As the ultimate gifting destination, Macy's of...
Zedge Announces First Quarter Fiscal 2024 Results
NEW YORK, NY / ACCESSWIRE / December 13, 2023 / Zedge, Inc. (NYSE American:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express the...
Macy's Might Have a Bidder. History Says It Should Seriously Consider an Offer.
While Macy's need not rush into a deal, history suggests its board shouldn't dismiss an offer out of hand, either.
Macy's stock falls more than 3% after Citi downgrade amid buyout report
Macy's Inc. shares fell 3.6% Tuesday after Citi downgraded the stock to sell from neutral amid a report that an investor group wants to take the department-store chain private at $21 a share.
Macy's Buyout Won't Be Easy. Citi Says Sell the Stock.
Shares of the retailer were falling on Tuesday after soaring 19% the day prior.
Macy's real estate alone is worth nearly $3 billion more than investors' bid, these analysts say
Arkhouse Management and Brigade Capital Management recently submitted a $5.8 billion bid to acquire the shares of Macy's M, +19.44% that they don't already own for $21 a share, the Wall Street Journal...
3 high short-interest retail stocks to buy on the dip
Short interest in many high-quality retail names is rising, setting them up for a buy-the-dip opportunity. While sales are slowing or declining compared to the prior year, these companies have stabili...
NextSource Materials Announces Robust Feasibility Study Results for Molo Mine Expansion to 150,000 Tonnes per Annum of SuperFlake(R) Graphite Concentrate
Highlights Feasibility Study confirms highly attractive economics for a large-scale expansion of the Molo Mine and processing facility to a steady-state production rate of 150,000 tpa of graphite conc...
Macy's Billion-Dollar Question: What's More Valuable, Real Estate or the Business?
Some analysts say the retailer's ownership of hundreds of stores is the key to investors' buyout bid.
Lowball bid could spur Macy's to look for better options
The investment firms that lobbed in a $5.8 billion acquisition offer for Macy's Inc are unlikely to clinch a deal but may be successful in getting the U.S. department store operator to unlock more val...
Rick Caruso talks Arkhouse & Brigade Capital's offer to buy Macy's for a reported $5.6billion
Rick Caruso, Caruso Founder, joins 'Closing Bell Overtime' to talk Macy's buyout offer, how real estate fits into the picture and more.
Overall retail complex is undervalued post-pandemic, says JPMorgan's Matthew Boss
Matthew Boss, JPMorgan equity research analyst, joins 'Power Lunch' to discuss Macy's $5.8 billion buyout offer, how this offer plays out, and more.
Macy's shares surge following a $5.8 billion buyout offer
CNBC's Gabrielle Fonrouge discusses the latest news on Macy's.
Why Macy's real estate portfolio is the focus in buyout
A report from the Wall Street Journal revealed Macy's (M) is considering a buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management worth $5.8 billion. W...
What Macy's could learn from JCPenney's woes
Macy's (M) is mulling a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management. Department stores have been hit hard as more shoppers turn to buying products online.
Macy's Shares Soar on Reports of $5.8B Offer to Take the Retailer Private
Macy's (M) shares skyrocketed over 18% in early trading Monday following reports an investor group is looking to buy the biggest U.S. department store chain and take it private.
Macy's bonds rally with stock after investor group reportedly offers to take company private
Macy's Inc.'s stock soared 18% Monday on a report that an investor group is seeking to take the department-store chain private at $21 a share, sending the company's bonds higher with the stock.
Macy's $5.8B buyout offer is 'worth considering': Analyst
Shares of Macy's (M) are higher Monday morning after the company announced it is considering a $5.8 billion buyout offer. This news come ahead of Macy's planned transition to a new CEO.
Macy's stock dubbed a ‘melting ice cube' despite a buyout proposal
Macy's Inc (NYSE: M) popped 17% on Monday following a report that Brigade Capital Management and Arkhouse Management have proposed to acquire the chain of department stores for $5.8 billion.