Trending stocks today
Macys Inc. (formerly Federated Department Stores) (M-N)
NYSE:M
14.82
0.26
(1.79%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Related posts
Yields and stocks climb, oil fallsTesla and Celestica beat in mixed tradingFlat markets, rising yieldsThis summary was created by AI, based on 4 opinions in the last 12 months.
Macys Inc., formerly known as Federated Department Stores, has recently reported a tremendous beat and raised their forecast, leading to a 5% increase in shares. Their Blue Mercury cosmetic business saw a 4.3% rise in Q1 comp sales, and adjusted earnings beat expectations. Despite a 47% decrease in shares for the year, the company is positioned well for holiday shopping and has a good CEO. Investors are confident in the company's turnaround story and potential for growth.
Last Tuesday, they reported a tremendous beat and raised their forecast. Shares popped 5% in a day. They told a great turnaround story. Total revenue beat, their Blue Mercury cosmetic business rose 4.3% in Q1 comp sales and adjusted earnings beat huge as they managed costs
It reports Tuesday. It has hiked its dividend by 5%, but it won't make much of a difference.
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 report Thursday. He wants to hear their holiday forecast and the state of the consumer.
It's cheap, but shares can keep falling. The market is bearish on retail now.
The CEO announced he will step down next February. The CEO guided Macy's through Covid by sticking to his turnaround plan and emerged stronger. An incredible job. When the CEO took the job in 2018, Macy's was spiralling, crushed by debt and dominated by e-commerce.
$22.355
Unknown
Macys Inc. (formerly Federated Department Stores)(M-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 4
Macys Inc. (formerly Federated Department Stores)(M-N) Frequently Asked Questions
What is Macys Inc. (formerly Federated Department Stores) stock symbol?
Macys Inc. (formerly Federated Department Stores) is a American stock, trading under the symbol M-N on the New York Stock Exchange (M). It is usually referred to as NYSE:M or M-N
Is Macys Inc. (formerly Federated Department Stores) a buy or a sell?
In the last year, 4 stock analysts published opinions about M-N. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Macys Inc. (formerly Federated Department Stores).
Is Macys Inc. (formerly Federated Department Stores) a good investment or a top pick?
Macys Inc. (formerly Federated Department Stores) was recommended as a Top Pick by on . Read the latest stock experts ratings for Macys Inc. (formerly Federated Department Stores).
Why is Macys Inc. (formerly Federated Department Stores) stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Macys Inc. (formerly Federated Department Stores) worth watching?
4 stock analysts on Stockchase covered Macys Inc. (formerly Federated Department Stores) In the last year. It is a trending stock that is worth watching.
What is Macys Inc. (formerly Federated Department Stores) stock price?
On 2024-11-21, Macys Inc. (formerly Federated Department Stores) (M-N) stock closed at a price of $14.82.
The buyout won't happen. This trades at 6x earnings and run by a good CEO. Buy at $18.35.