M Stock Analysis - Frequently Asked Questions
Should I buy or sell Macy's stock right now?
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.
What is Macy's' stock price target for 2024?
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.
How have M shares performed in 2024?
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.
When is Macy's' next earnings date?
The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024. View our M earnings forecast.
How were Macy's' earnings last quarter?
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.
How often does Macy's pay dividends? What is the dividend yield for Macy's?
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.
Is Macy's a good dividend stock?
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.What ETFs hold Macy's' stock?
ETFs with the largest weight of Macy's (NYSE:M) stock in their portfolio include First Trust Consumer Discretionary AlphaDEX Fund (FXD), , , , iShares Factors US Value Style ETF (STLV), Direxion Daily Retail Bull 3X Shares (RETL), Hartford Longevity Economy ETF (HLGE) and First Trust Mid Cap Value AlphaDEX Fund (FNK).
How will Macy's' stock buyback program work?
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.
What guidance has Macy's issued on next quarter's earnings?
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.
What is Jeff Gennette's approval rating as Macy's' CEO?
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.
What other stocks do shareholders of Macy's own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Macy's investors own include , General Electric (GE), Intel (INTC), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Bank of America (BAC), Ford Motor (F), Walt Disney (DIS) and Tesla (TSLA).
Who are Macy's' major shareholders?
Macy's' stock is owned by many different institutional and retail investors. Top institutional shareholders include Douglas Lane & Associates LLC (0.75%), New York State Teachers Retirement System (0.11%), SG Americas Securities LLC (0.11%), Nordea Investment Management AB (0.10%), Mutual of America Capital Management LLC (0.06%) and Arizona State Retirement System (0.03%). Insiders that own company stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, Paul C Varga and Paul Griscom. View institutional ownership trends.
How do I buy shares of Macy's?
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.
Compare Top Brokerages Here.Does Macy's have any subsidiaries?
The following companies are subsidiares of Macy's: (Hong Kong) Limited, Advertex Communications Inc., Bloomingdale's LLC, Bloomingdales.com LLC, Bloomingdale’s The Outlet Store LLC, Bluemercury, Bluemercury Inc., Broadway Stores, FDS Bank, FDS Thrift Holding Co. Inc., Limited, Macys.com LLC, Macy’s Backstage Inc., Macy’s Corporate Services LLC, Macy’s Credit Operations Inc., Macy’s Credit and Customer Services Inc., Macy’s Inventory Funding LLC, Macy’s Inventory Holdings LLC, Macy’s Merchandising Corporation, Macy’s Merchandising Group (Hong Kong), Macy’s Merchandising Group Inc., Macy’s Merchandising Group International, Macy’s Merchandising Group International LLC, Macy’s Merchandising Group Procurement LLC, Macy’s Propco Holdings LLC, Macy’s Puerto Rico Inc., Macy’s Retail Holdings LLC, Macy’s Systems and Technology Inc., May Department Stores Company, STORY, and West 34th Street Insurance Company New York.
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Macy's Stock Analysis - Frequently Asked Questions
Should I buy or sell Macy's stock right now? According to Wall Street equities research analysts, there are currently 4 sell ratings, 3 hold ratings, and 2 buy ratings for Macy's stock. The consensus among analysts is that investors should "reduce" M shares.
What is Macy's stock price target for 2024? Nine brokers have issued 12-month price targets for Macy's stock. The price targets range from $10.00 to $20.00, with an average target of $15.09. This suggests a possible downside of 20.2% for the stock.
How have Macy's shares performed in 2024? Macy's stock was trading at $20.12 on January 1st, 2024. Since then, it has decreased by 6.1% and is currently trading at $18.90.
When is Macy's next earnings date? Macy's is scheduled to release its next quarterly earnings announcement on Thursday, March 7th, 2024.
How were Macy's earnings last quarter? Macy's reported $0.21 EPS for the last quarter. The company earned $4.86 billion during the quarter, with a net margin of 2.92% and a trailing twelve-month return on equity of 19.53%. Macy's revenue was down 7.1% on a year-over-year basis. In the same quarter last year, the company earned $0.52 EPS.
How often does Macy's pay dividends? What is the dividend yield for Macy's? Macy's declared a quarterly dividend of $0.1654 per share. The dividend yield for Macy's is 3.50% on an annualized basis. The ex-dividend date for this dividend was Thursday, December 14th, 2023.
Is Macy's a good dividend stock? Macy's 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 years, indicating a positive trend. The dividend payout ratio is 26.83%, which is considered healthy and sustainable. Based on earnings estimates, Macy's is expected to have a dividend payout ratio of 25.38% next year, indicating the company's ability to sustain or increase its dividend.
What ETFs hold Macy's stock? Some ETFs with significant holdings of Macy's stock include First Trust Consumer Discretionary AlphaDEX Fund (FXD), iShares Factors US Value Style ETF (STLV), Direxion Daily Retail Bull 3X Shares (RETL), Hartford Longevity Economy ETF (HLGE), and First Trust Mid Cap Value AlphaDEX Fund (FNK).
How will Macy's stock buyback program work? Macy's board has authorized a stock repurchase plan, allowing the company to repurchase $2,000,000,000.00 in shares through open market purchases. This repurchase authorization represents up to 28.9% of its shares. Share repurchase plans are often seen as a sign that the company's board of directors believes its stock is undervalued.
What guidance has Macy's issued on next quarter's earnings? Macy's provided earnings per share (EPS) guidance of $1.85-$2.10 for the fourth quarter of 2023. The company issued revenue guidance of $7.95 billion-$8.25 billion for the same period.
What is Jeff Gennette's approval rating as Macy's CEO? According to Glassdoor.com, Macy's Chief Executive Officer Jeff Gennette has an approval rating of 62% among the company's employees. This rating puts Jeff Gennette in the bottom 25% compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Macy's own? Based on aggregate information from My MarketBeat watchlists, some companies that other Macy's investors own include General Electric (GE), Intel (INTC), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Bank of America (BAC), Ford Motor (F), Walt Disney (DIS), and Tesla (TSLA).
Who are Macy's major shareholders? Macy's stock is owned by various institutional and retail investors. Some of the top institutional shareholders include Douglas Lane & Associates LLC, New York State Teachers Retirement System, SG Americas Securities LLC, Nordea Investment Management AB, Mutual of America Capital Management LLC, and Arizona State Retirement System. Insiders who own company stock include Adrian V Mitchell, Antony Spring, C Elisa D Garcia, Danielle L Kirgan, Jeffrey Gennette, John T Harper, Paul C Varga, and Paul Griscom.
Does Macy's have any subsidiaries? Macy's has several subsidiaries, including Bloomingdale's LLC, Bluemercury Inc., Macy's Backstage Inc., Macy's Corporate Services LLC, Macy's Credit Operations Inc., Macy's Credit and Customer Services Inc., Macy's Inventory Funding LLC, Macy's Inventory Holdings LLC, Macy's Merchandising Corporation, Macy's Merchandising Group Inc., Macy's Merchandising Group International, Macy's Merchandising Group International LLC, Macy's Merchandising Group Procurement LLC, Macy's Propco Holdings LLC, Macy's Puerto Rico Inc., Macy's Retail Holdings LLC, Macy's Systems and Technology Inc., and more.
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