27-Mar-2024
J.P. Morgan Sticks to Their Buy Rating for Macy’s (M)
TipRanks (Wed, 27-Mar 8:26 PM ET)
Macy’s Strategic Overhaul and Cautious Outlook Prompt ‘Hold’ Rating
TipRanks (Wed, 27-Mar 4:25 PM ET)
Macy's is closing stores this year - this retailer may scoop up the extra sales
Seeking Alpha News (Wed, 27-Mar 7:58 AM ET)
Spring Blossoms at the Macy's Flower Show
Business Wire (Mon, 18-Mar 10:00 AM ET)
Macy's, Inc. Nominates Douglas W. Sesler for Election to Board of Directors
Business Wire (Thu, 14-Mar 5:00 PM ET)
Macy's, Inc. Names Michael Krans Vice President, Macy's Media Network
Business Wire (Mon, 11-Mar 9:16 AM ET)
Business Wire (Sun, 3-Mar 6:41 PM ET)
Arkhouse and Brigade Capital Increase Offer to Acquire Macy's to $24.00 Per Share
Business Wire (Sun, 3-Mar 6:00 PM ET)
Business Wire (Tue, 27-Feb 6:55 AM ET)
Macy's, Inc. Reports Fourth Quarter and Full-Year 2023 Results
Business Wire (Tue, 27-Feb 6:55 AM ET)
Founded in 1858 and based in New York City, Macy's operates about 550 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's 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 61% of Macy's 2022 sales.
Macy's trades on the NYSE stock market under the symbol M.
As of March 27, 2024, M stock price climbed to $19.85 with 5,779,017 million shares trading.
M has a beta of 1.06, meaning it tends to be more sensitive to market movements. M has a correlation of 0.05 to the broad based SPY ETF.
M has a market cap of $5.44 billion. This is considered a Mid Cap stock.
Last quarter Macy's reported $8 billion in Revenue and $2.45 earnings per share. This fell short of revenue expectation by $-30 million and exceeded earnings estimates by $.49.
In the last 3 years, M stock traded as high as $37.95 and as low as $10.54.
The top ETF exchange traded funds that M belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.
M has underperformed the market in the last year with a price return of +21.1% while the SPY ETF gained +33.9%. M has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.5% and -4.0%, respectively, while the SPY returned +10.3% and +1.5%, respectively.
M support price is $18.51 and resistance is $19.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that M stock will trade within this expected range on the day.