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Morningstar

Macy's Inc M Stock Quote

Morningstar Rating
| Rating as of

NYSE: M

Last close prices updated as of Jun 09, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 15.66
  • Sector Consumer Cyclical
  • Industry Department Stores
  • Investment Style Small Value
  • Day Range 15.43  –  16.15
  • Year Range 12.80  –  24.33
  • Market Cap 4.2678 Bil
  • Volume / Avg 10.1 Mil /  12.6 Mil
  • Price / Sales 0.17
  • Price / Book 1.02
  • Forward Div Yield 4.22%
  • Trailing Div Yield 5.13%

Morningstar‘s Stock Analysis M

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Macy’s Earnings: Lowered Outlook on Waning Spending Overshadows Positives; Shares Undervalued

David Swartz Senior Equity Analyst

Analyst Note

| David Swartz |

Macy's missed sales expectations in its first quarter as weather and economic issues damped demand. Further, as consumer spending on apparel remains uneven and as discounting will be needed to move seasonal inventory, the firm reduced its 2023 outlook. Specifically, it now anticipates adjusted EPS of $2.70-$3.20, down from $3.67-$4.11 previously and our $3.87 estimate, with most of the shortfall coming in the second quarter. As we expect to adjust our forecast to be closer to the guidance, our $27 per share fair value estimate should fall by a mid-single-digit percentage. Even so, we view Macy's shares, trading at a mid-single-digit P/E and offering a 5% dividend yield that we view as secure, as attractive. Although we rate it as a no-moat retailer given the challenges facing department stores, we think Macy's valuation reflects a high level of pessimism as we anticipate annual free cash flow generation of nearly $1 billion after 2023.

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Key Statistics M

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Company Profile M

Business Description

Founded in 1858 and based in New York City, Macy’s operates about 560 stores under the Macy’s nameplate, nearly 60 stores under the Bloomingdale’s (full-price and outlet) and Bloomies nameplates, and 160 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.

Contact
151 West 34th Street
New York, NY, 10001
Sector Consumer Cyclical
Industry Department Stores
Employees 94,570

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Related News M

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Competitors & Peers M

More on M’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of M’s competitive advantage.

Macy's Inc

XNYS: M

Kohl's Corp

XNYS: KSS

Nordstrom Inc

XNYS: JWN

Ross Stores Inc

XNAS: ROST
Price
15.6622.0619.74103.29
Currency
USDUSDUSDUSD
Change
−$0.36 (2.25%) $0.00 (0.00%) +$0.36 (1.86%) +$0.05 (0.05%)
Market Cap
4.27 Bil2.44 Bil3.19 Bil35.19 Bil
Industry
Department Stores Department Stores Department Stores Apparel Retail
Sector
Consumer Cyclical
Consumer Cyclical
Consumer Cyclical
Consumer Cyclical

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Macy's Inc Stock

Yes. M has a forward dividend yield of 4.22%. 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.

Learn more about dividend yield.

M’s market cap is 4.27 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.

Learn more about market capitalization.

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.

Learn more about style.

M’s price/sales is 0.17.
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 4.16.
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 1.02.
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.

See M’s valuation ratios compared to the Market Index.

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.

Compare M’s historical performance against its industry peers and the overall market.