Business Wire (Thu, 19-Sep 4:15 PM ET)
Macy's, Inc. Announces Early Tender Results of Debt Tender Offer
Business Wire (Wed, 18-Sep 8:15 AM ET)
Christmas is coming early this year, as retailers face economic worries, late Thanksgiving
Seeking Alpha News (Tue, 17-Sep 2:36 PM ET)
Pockets of strength in the retail sales report included personal care, e-commerce, and electronics,
Seeking Alpha News (Tue, 17-Sep 8:43 AM ET)
Pockets of strength in the retail sales report included personal care, e-commerce, and electronics
Seeking Alpha News (Tue, 17-Sep 8:43 AM ET)
Business Wire (Thu, 12-Sep 8:00 AM ET)
Macy's, Inc. Announces Debt Tender Offer
Business Wire (Wed, 4-Sep 4:15 PM ET)
Macy's, Inc. Board of Directors Declares Quarterly Dividend
Business Wire (Fri, 23-Aug 12:39 PM ET)
Macy's, Inc. to Participate at the Goldman Sachs 31st Annual Global Retailing Conference
Business Wire (Thu, 22-Aug 5:05 PM ET)
Macy's, Inc. Reports Second Quarter 2024 Results
Business Wire (Wed, 21-Aug 6:55 AM ET)
Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 157 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.
Macy's trades on the NYSE stock market under the symbol M.
As of September 19, 2024, M stock price climbed to $15.33 with 4,994,835 million shares trading.
M has a beta of 1.27, meaning it tends to be more sensitive to market movements. M has a correlation of 0.10 to the broad based SPY ETF.
M has a market cap of $4.25 billion. This is considered a Mid Cap stock.
Last quarter Macy's reported $5 billion in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-183 million and exceeded earnings estimates by $.23.
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): VTI, IJH, VB, AVUV, VBR.
M has outperformed the market in the last year with a return of +49.3%, while the SPY ETF gained +29.9%. However, in the most recent history, M shares have underperformed the stock market with its stock returning -15.0% in the last 3 month period and +1.3% for the last 2 week period, while SPY has returned +4.4% and +3.6%, respectively.
M support price is $14.78 and resistance is $15.46 (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.