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Macys Inc. (formerly Federated Department Stores)MTOP PICKJan 30, 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.
There have been a lot of negatives. They are another of the transitions companies. They are closing about 100 stores and transitioning to more online sales. They tend to be able to execute their strategic plans. She expects a decline in earnings this year and the turnaround will be about 3 years. She thinks they can weather these types of storms. Almost a 5% dividend yield. (Analysts' target: $37.30).