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Macy's Inc M Stock Quote

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Last close prices updated as of Feb 07, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 23.99
  • Sector Consumer Cyclical
  • Industry Department Stores
  • Investment Style Small Value
  • Day Range 23.40  –  24.03
  • Year Range 15.10  –  28.21
  • Market Cap 6.5040 Bil
  • Volume / Avg 6.6 Mil /  10.3 Mil
  • Price / Sales 0.27
  • Price / Book 1.87
  • Forward Div Yield 2.63%
  • Trailing Div Yield 2.63%

Morningstar‘s Stock Analysis M

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Macy’s Holiday Results as Expected Despite Impact From Slowing Consumer Spending; Shares Attractive

David Swartz Senior Equity Analyst

Analyst Note

| David Swartz |

Macy’s announced that its fourth-quarter net sales are expected to be at the low end to midpoint of its previously issued range of $8.161 billion-$8.401 billion, roughly in line with our $8.257 billion forecast. Further, the firm reiterated its EPS guidance range for the quarter of $1.47-$1.67 (we are at $1.56), implicitly holding its expected gross margin on net sales at around our forecast of 34%. Macy's indicated that sales were strong around Thanksgiving and just before Christmas but were slower in other parts of November and December, suggesting healthy gift buying but cutbacks on self-purchases. Moreover, based on macroeconomic data and its own credit card usage information, the firm projected subpar consumer spending in 2023, especially in the first half of the year. On the brighter side, Macy's disclosed that it expects its year-end 2022 inventory to be marginally lower than at year-end 2021 and down about 15% from 2019's level, better than we had expected and putting the firm in its best post-holiday inventory position in many years. The firm is expected to report its full results in late February.

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Key Statistics M

Company Profile M

Business Description

Founded in 1858 and based in New York City, Macy’s operates about 570 stores under the Macy’s nameplate, 56 stores under the Bloomingdale’s (full-price and outlet) and Bloomies nameplates, and 158 freestanding Bluemercury specialty beauty stores. Macy’s also operates e-commerce sites and licenses two Bloomingdale’s stores in the United Arab Emirates and Kuwait. Women’s apparel, accessories, shoes, cosmetics, and fragrances composed 59% of Macy’s 2021 sales.

151 West 34th Street
New York, NY, 10001
Industry Department Stores
Employees 88,857

Related Articles M

FAQs for Macy's Inc Stock

Yes. M has a forward dividend yield of 2.61%. See M’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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M’s market cap is 6.50 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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M’s stock style is Small Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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M’s price/sales is 0.27.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

M’s price/forward earnings is 6.27.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

M’s price/book is 1.87.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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M’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

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