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Macys Inc. (formerly Federated Department Stores)MTOP PICKJan 22, 2015Stock price when the opinion was issued
As of Jun 17, 2026. Market Open.
Before their recent report, shares were down 47% for the year, but the beat their numbers across the board, including earnings, though those numbers were not great. They've discounted their inventory like crazy until it's now manageable. Are positioned well for holiday shopping. Also, he has faith in the new CEO.
Have both Macy’s and Bloomingdale brands. Extremely well-managed. They are executing very well within store, e-commerce and their marketing initiatives. Revenues are 100% from the domestic US market. The improving US labour market and lower energy costs means more money for consumers to spend. 13X forward earnings with 10% long-term EPS growth.