How does M's PE Ratio compare to its peers?

M is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the peer average (15.4x).

How does M's PE Ratio compare vs other companies in the North American Multiline Retail Industry?

M is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the Global Multiline Retail industry average (22.1x).

What is M's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

M is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.1x).

What is the Fair Price of M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

M ($16.72) is trading below our estimate of [[fair value]] ($23.49)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Macy's (NYSE:M) - Stock Price, News & Analysis

M Stock Overview

An omni-channel retail organization, operates stores, websites, and mobile applications in the United States. More details

M fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	1/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 28.8% below our estimate of its fair value

Earnings are forecast to grow 17.71% per year

Risk Analysis

Profit margins (0.8%) are lower than last year (3%)

Dividend of 4.16% is not well covered by earnings

Has a high level of debt

Large one-off items impacting financial results

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

Analyst Price Target

Consensus Narrative from 11 Analysts

Investing In Growth And Digital Efficiency Amidst Economic Challenges Shows Promise For Future Success

Key Takeaways Macy's strategic focus on revamping its top stores and adapting to consumer demand shows potential for revenue growth and improved net margins. Efforts in inventory management and real estate monetization highlight a commitment to profitability through gross margin expansion and operational efficiency.

View narrative

US$17.48

4.4% undervalued

-6.17%

Revenue growth p.a.

5 days ago

julio

Community Contributor

Macys value

Bull Macy’s owns significant real estate that can be sold to provide liquidity, pay down debt, and finance new investments. The firm intends to raise about $600 million-$750 million from real estate sales over the next three years.

View narrative

US$26.45

36.8% undervalued

7.01%

Revenue growth p.a.

about 1 month ago

Macy's, Inc. Competitors

Nordstrom

NYSE:JWN

US$3.8b

Vipshop Holdings

NYSE:VIPS

US$6.7b

Dillard's

NYSE:DDS

US$7.1b

Ollie's Bargain Outlet Holdings

NasdaqGM:OLLI

US$6.2b

Price History & Performance

Summary of all time highs, changes and price drops for Macy's
Historical stock prices
Current Share Price	US$16.72
52 Week High	US$22.10
52 Week Low	US$14.06
Beta	2.13
11 Month Change	6.70%
3 Month Change	16.84%
1 Year Change	-19.50%
33 Year Change	-32.99%
5 Year Change	6.97%
Change since IPO	93.86%

Recent updates

Shareholder Returns

	M	US Multiline Retail	US Market
7D	-1.2%	6.7%	0.08%
1Y	-19.5%	43.8%	31.4%

Return vs Industry: M underperformed the US Multiline Retail industry which returned 43.8% over the past year.

Return vs Market: M underperformed the US Market which returned 31.4% over the past year.

Price Volatility

Is M's price volatile compared to industry and market?
M volatility
M Average Weekly Movement	4.9%
Multiline Retail Industry Average Movement	7.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: M has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: M's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1830	85,581	Tony Spring	www.macysinc.com

Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements.

Macy's, Inc. Fundamentals Summary

How do Macy's's earnings and revenue compare to its market cap?
M fundamental statistics
Market cap	US$4.56b
Earnings (TTM)	US$184.00m
Revenue (TTM)	US$23.51b

25.2x

P/E Ratio

0.2x

P/S Ratio

Is M overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
M income statement (TTM)
Revenue	US$23.51b
Cost of Revenue	US$13.86b
Gross Profit	US$9.65b
Other Expenses	US$9.46b
Earnings	US$184.00m

Last Reported Earnings

Aug 03, 2024

Next Earnings Date

Dec 11, 2024

Earnings per share (EPS)	0.66
Gross Margin	41.03%
Net Profit Margin	0.78%
Debt/Equity Ratio	69.7%

How did M perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

102%

Payout Ratio

Does M pay a reliable dividends?

See M dividend history and benchmarks

When do you need to buy M by to receive an upcoming dividend?
Macy's dividend dates
Ex Dividend Date	Dec 13 2024
Dividend Pay Date	Jan 02 2025
Days until Ex dividend	3 days
Days until Dividend pay date	23 days

Does M pay a reliable dividends?

See M dividend history and benchmarks

M Stock Overview

Rewards

Risk Analysis

Investing In Growth And Digital Efficiency Amidst Economic Challenges Shows Promise For Future Success

Macys value

Macy's, Inc. Competitors

NYSE:JWN

US$3.8b

NYSE:VIPS

US$6.7b

NYSE:DDS

US$7.1b

NasdaqGM:OLLI

US$6.2b

Price History & Performance

Recent News & Updates

Barington Capital Group Calls on Macy’s to Make Changes to Its Capital Allocation Plan to Improve Shareholder Value

Upcoming dividend of US$0.17 per share

WPG Legacy LLC acquired 235,198 square feet department store at WestShore Plaza from Macy's, Inc. (NYSE:M) for $10 million on November 11, 2024.

Macy's, Inc. to Report Q3, 2025 Results on Nov 26, 2024

Second quarter dividend of US$0.17 announced

Macy’S, Inc Declares Quarterly Dividend, Payable on January 2, 2025

Recent updates

Barington Capital Group Calls on Macy’s to Make Changes to Its Capital Allocation Plan to Improve Shareholder Value

Upcoming dividend of US$0.17 per share

WPG Legacy LLC acquired 235,198 square feet department store at WestShore Plaza from Macy's, Inc. (NYSE:M) for $10 million on November 11, 2024.

Macy's, Inc. to Report Q3, 2025 Results on Nov 26, 2024

Second quarter dividend of US$0.17 announced

Macy’S, Inc Declares Quarterly Dividend, Payable on January 2, 2025

Price target decreased by 11% to US$17.82

Macy's Bold New Chapter Strategy Faces Too Many Uncertainties

Macy's, Inc.: Potential For Growth Inflection, But I Am Hold Rated

Macy's, Inc. Declares Quarterly Dividend, Payable on October 1, 2024

Macy's, Inc. Updates Earnings Guidance for the Year 2024

Macy's: Margins And Go-Forward Sales Growth Critical To Q2 Results

Macy's, Inc. to Report Q2, 2025 Results on Aug 21, 2024

Brigade Capital Management, LP and Arkhouse Management Co., LP cancelled the acquisition of remaining shares of Macy's, Inc. (NYSE:M).

Macy's: Broken Market

Executive VP notifies of intention to sell stock

Macy's, Inc. Announces Executive Changes

Macy's Remains On Sale After An Upsized Bid Pushes Shares Higher

Macy’s Buyout Bid Reportedly Gets Raised Again

Upcoming dividend of US$0.17 per share

Macy's, Inc. Revises Earnings Guidance for the Year 2024

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Macy's: Encouraging Q1 Points To Brighter Long-Term Prospects

Fourth quarter dividend of US$0.17 announced

Macy's, Inc. Declares Quarterly Dividend, Payable on July 1, 2024

Macy's, Inc. to Report Q1, 2025 Results on May 21, 2024

Macy's: Still Looking For A Bigger Bid

Macy's: A Sell On Rising Credit Card Delinquencies

Macy's, Inc. Announces Board Changes

Arkhouse Management Provides Information to Shareholders of Macy’s

Chairman notifies of intention to sell stock

Chairman recently sold US$1.6m worth of stock

Chairman notifies of intention to sell stock

Arkhouse Holds Due Diligence Talks with Macy's

Upcoming dividend of US$0.17 per share

Arkhouse and Brigade Capital Increase Offer to Acquire Macy’s

Macy's (NYSE:M) Is Paying Out A Larger Dividend Than Last Year

Price target increased by 7.2% to US$20.03

Full year 2024 earnings: EPS misses analyst expectations

Arkhouse and Brigade Capital Increase Offer to Acquire Macy’s

Macy's, Inc., Annual General Meeting, May 17, 2024

Macy's: Q4 Results Are A Cause For Optimism

Macy's, Inc. Provides Earnings Guidance for the Year 2024

Macy's, Inc. Declares Quarterly Dividend, Payable on April 1, 2024

Macy's, Inc. to Report Q4, 2024 Results on Feb 27, 2024

Man Sues EssilorLuxottica , Macy’s over False Imprisonment, Sexual Assault

Brigade Capital Management, LP and Arkhouse Management Co., LP cancelled the acquisition of the remaining shares of Macy's, Inc. (NYSE:M).

Is Macy's (NYSE:M) Using Too Much Debt?

Macy's: Holding For Takeover Bid, Expecting Decent Post-Holiday Sales Results

Macy's, Inc. (NYSE:M) Stock Rockets 39% But Many Are Still Ignoring The Company

Macy's Mulls $5.8 Billion Buyout Offer

Price target increased by 8.3% to US$16.85

Investor sentiment improves as stock rises 26%

Macy's: Hard Pass On This Buyout Offer

Macy's (NYSE:M) Has Affirmed Its Dividend Of $0.1654

Upcoming dividend of US$0.17 per share at 4.0% yield

Macy's, Inc. Names Tracy Preston as Chief Legal Officer, Effective January 8, 2024