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Macys Inc. has recently reported its financial results, with some experts expressing concern about the company's performance and the overall market sentiment towards retail stocks. However, others are more optimistic, highlighting the company's dividend increase, successful inventory management, and potential for holiday shopping. There is also a mention of faith in the new CEO. Overall, the company's future performance seems uncertain, with diverging opinions from different experts.
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.
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
In the last year, 3 stock analysts published opinions about M-N. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Macys Inc. (formerly Federated Department Stores).
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).
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.
3 stock analysts on Stockchase covered Macys Inc. (formerly Federated Department Stores) In the last year. It is a trending stock that is worth watching.
On 2024-04-19, Macys Inc. (formerly Federated Department Stores) (M-N) stock closed at a price of $18.53.
It reports Tuesday. It has hiked its dividend by 5%, but it won't make much of a difference.