Brokerages expect Macy's Inc (NYSE:M) to post $2.60 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Macy's’ earnings. The highest EPS estimate is $2.75 and the lowest is $2.45. Macy's reported earnings per share of $2.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 28.7%. The company is expected to issue its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Macy's will report full-year earnings of $3.54 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.69. For the next fiscal year, analysts expect that the business will report earnings of $2.67 per share, with EPS estimates ranging from $2.00 to $3.11. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Macy's.

Macy's (NYSE:M) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Macy's had a net margin of 2.83% and a return on equity of 21.20%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share.

M has been the subject of several research analyst reports. BMO Capital Markets set a $38.00 target price on shares of Macy's and gave the company a “buy” rating in a research note on Friday. Cowen reaffirmed a “hold” rating and set a $23.00 target price on shares of Macy's in a research note on Thursday, September 28th. OTR Global raised shares of Macy's to a “sell” rating in a research note on Monday, December 18th. ValuEngine cut shares of Macy's from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Telsey Advisory Group raised their target price on shares of Macy's from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Thursday, December 28th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.91.

Shares of Macy's (NYSE:M) traded down $0.01 during midday trading on Thursday, hitting $24.48. 15,374,368 shares of the stock were exchanged, compared to its average volume of 14,550,000. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $7,460.00, a PE ratio of 10.78, a PEG ratio of 0.83 and a beta of 0.97. Macy's has a 1 year low of $17.41 and a 1 year high of $34.37.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were paid a $0.3775 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.17%. Macy's’s payout ratio is currently 66.52%.

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Macy's by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,612,902 shares of the company’s stock worth $711,444,000 after acquiring an additional 618,535 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Macy's by 3.9% in the 2nd quarter. BlackRock Inc. now owns 25,380,303 shares of the company’s stock worth $589,839,000 after acquiring an additional 963,487 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Macy's by 14.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,325,701 shares of the company’s stock worth $181,666,000 after acquiring an additional 1,076,502 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Macy's by 30.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,969,989 shares of the company’s stock worth $152,091,000 after acquiring an additional 1,646,858 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Macy's by 75.3% in the 3rd quarter. Prudential Financial Inc. now owns 5,013,391 shares of the company’s stock worth $109,392,000 after acquiring an additional 2,153,110 shares during the last quarter. 82.04% of the stock is owned by institutional investors and hedge funds.

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Macy's Company Profile

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

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