Macy's (M) Stock Price, News & Analysis (2024)

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 4 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" M shares. View M analyst ratings or view top-rated stocks.

9 brokers have issued 12 month price targets for Macy's' stock. Their M share price targets range from $10.00 to $20.00. On average, they anticipate the company's share price to reach $15.09 in the next year. This suggests that the stock has a possible downside of 20.2%. View analysts price targets for M or view top-rated stocks among Wall Street analysts.

Macy's' stock was trading at $20.12 on January 1st, 2024. Since then, M stock has decreased by 6.1% and is now trading at $18.90. View the best growth stocks for 2024 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024. View our M earnings forecast.

Macy's, Inc. (NYSE:M) issued its quarterly earnings results on Thursday, November, 16th. The company reported $0.21 EPS for the quarter. The business earned $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. Macy's had a net margin of 2.92% and a trailing twelve-month return on equity of 19.53%. Macy's's revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS.

Macy's declared a quarterly dividend on Friday, October 27th. Investors of record on Friday, December 15th will be paid a dividend of $0.1654 per share on Tuesday, January 2nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for M.

Macy's (NYSE:M) pays an annual dividend of $0.66 per share and currently has a dividend yield of 3.65%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M will have a dividend payout ratio of 25.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for M.

Macy's declared that its board has authorized a stock repurchase plan on Tuesday, February 22nd 2022, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 28.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Macy's issued an update on its fourth quarter 2023 earnings guidance on Thursday, November, 16th. The company provided earnings per share (EPS) guidance of $1.85-$2.10 for the period, compared to the consensus estimate of $1.92. The company issued revenue guidance of $7.95 billion-$8.25 billion, compared to the consensus revenue estimate of $8.05 billion.

2,528 employees have rated Macy's Chief Executive Officer Jeff Gennette on Glassdoor.com. Jeff Gennette has an approval rating of 62% among the company's employees. This puts Jeff Gennette in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Shares of M stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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