Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$26.35|
|52 Week High||US$6.01|
|52 Week Low||US$28.41|
|1 Month Change||22.16%|
|3 Month Change||55.37%|
|1 Year Change||304.14%|
|3 Year Change||-18.22%|
|5 Year Change||-26.70%|
|Change since IPO||205.51%|
Recent News & Updates
Macy's' (NYSE:M) Returns On Capital Not Reflecting Well On The Business
When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
Macy's: Polaris Is Working, Better Customers And Wider Margins
Polaris is a multi-year long overhaul of the business to increase shareholder value and better position the business in a modern retail environment. Early results were hard to gauge as a result of the pandemic, but as the worst of covid gets further behind us, we can see some improvements. Margins are expanding, the customer base is growing and becoming more dedicated. The market has not properly reacted to the improvement in Macy's business.
Macy's, Inc.'s (NYSE:M) Intrinsic Value Is Potentially 29% Above Its Share Price
In this article we are going to estimate the intrinsic value of Macy's, Inc. ( NYSE:M ) by taking the expected future...
|M||US Multiline Retail||US Market|
Return vs Industry: M exceeded the US Multiline Retail industry which returned 31.1% over the past year.
Return vs Market: M exceeded the US Market which returned 30.5% over the past year.
Stable Share Price: M is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: M's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of January 30, 2021, the company operated 727 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam.
Macy's Fundamentals Summary
|M fundamental statistics|
Is M overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|M income statement (TTM)|
|Cost of Revenue||US$13.31b|
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
|Earnings per share (EPS)||1.67|
|Net Profit Margin||2.35%|
How did M perform over the long term?See historical performance and comparison
2.3%Current Dividend Yield
Is Macy's undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: M ($26.35) is trading below our estimate of fair value ($33.61)
Significantly Below Fair Value: M is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: M is good value based on its PE Ratio (15.8x) compared to the US Multiline Retail industry average (17.7x).
PE vs Market: M is good value based on its PE Ratio (15.8x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: M's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: M is good value based on its PB Ratio (2.6x) compared to the US Multiline Retail industry average (3.1x).
How is Macy's forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: M's earnings are forecast to decline over the next 3 years (-4.6% per year).
Earnings vs Market: M's earnings are forecast to decline over the next 3 years (-4.6% per year).
High Growth Earnings: M's earnings are forecast to decline over the next 3 years.
Revenue vs Market: M's revenue (0.6% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: M's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: M's Return on Equity is forecast to be low in 3 years time (18%).
How has Macy's performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: M has a large one-off loss of $325.0M impacting its July 31 2021 financial results.
Growing Profit Margin: M became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: M's earnings have declined by 46.5% per year over the past 5 years.
Accelerating Growth: M has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: M has become profitable in the last year, making it difficult to compare its past year earnings growth to the Multiline Retail industry (8.4%).
Return on Equity
High ROE: M's Return on Equity (16.4%) is considered low.
How is Macy's's financial position?
Financial Position Analysis
Short Term Liabilities: M's short term assets ($7.6B) exceed its short term liabilities ($6.7B).
Long Term Liabilities: M's short term assets ($7.6B) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: M's debt to equity ratio (153.9%) is considered high.
Reducing Debt: M's debt to equity ratio has reduced from 187.7% to 153.9% over the past 5 years.
Debt Coverage: M's debt is well covered by operating cash flow (33.5%).
Interest Coverage: M's interest payments on its debt are well covered by EBIT (4.1x coverage).
What is Macy's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: M's dividend (2.28%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: M's dividend (2.28%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: M's dividend payments have been volatile in the past 10 years.
Growing Dividend: M's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (9.1%), M's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: M's dividends in 3 years are forecast to be well covered by earnings (26.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Gennette (60 yo)
Mr. Jeffrey Gennette, also known as Jeff, has been the Chairman since January 2018 and Chief Executive Officer since March 2017 of Macy's, Inc. (formerly known as Federated Department Stores, Inc.) and ser...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD11.08M) is above average for companies of similar size in the US market ($USD6.27M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Experienced Management: M's management team is considered experienced (2.5 years average tenure).
Experienced Board: M's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: M insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Macy's, Inc.'s employee growth, exchange listings and data sources
- Name: Macy's, Inc.
- Ticker: M
- Exchange: NYSE
- Founded: 1830
- Industry: Department Stores
- Sector: Retail
- Market Cap: US$8.161b
- Shares outstanding: 309.70m
- Website: https://www.macysinc.com
Number of Employees
- Macy's, Inc.
- 151 West 34th Street
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 23:15|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.