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Macys Inc. (formerly Federated Department Stores)MWATCHJan 17, 2017Stock 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.
They trade at about half of the valuation that the rest of the market trades at. They have struggled with traffic and inventory. They are working on getting quicker speed to market and return on capital. They need to get more sales out of less inventory. But traffic is the golden goose. It will be volatile until they solve that problem. At some point things will shift and people will get excited about getting back into these stores.