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Macy's Inc., also known as Federated Department Stores, has recently hiked its dividend by 5%, but experts believe it won't make much of a difference. Despite beating their recent numbers, including earnings, Macy's is still facing challenges. The company's discounted inventory may help in managing their problems, and the new CEO is instilling faith. However, with the market being bearish on retail, the company's shares could keep falling. The CEO's upcoming departure has left an uncertain future for the company.
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, 4 stock analysts published opinions about M-N. 2 analysts 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.
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.
On 2024-03-27, Macys Inc. (formerly Federated Department Stores) (M-N) stock closed at a price of $19.85.
It reports Tuesday. It has hiked its dividend by 5%, but it won't make much of a difference.