Macys Inc. (formerly Federated Department Stores)

M-N

NYSE:M

15.15
0.04 (0.26%)
Macy's, Inc., originally Federated Department Stores, Inc., is an American holding company headquartered in Cincinnati, Ohio.
More at Wikipedia

Analysis and Opinions about M-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 18, 2019

It currently yields around 10%. Looks like HBC here with old style retailer. Margins are coming under pressure and value has been hard to turn. Would prefer the Bay because of their real estate than Macy's.

It currently yields around 10%. Looks like HBC here with old style retailer. Margins are coming under pressure and value has been hard to turn. Would prefer the Bay because of their real estate than Macy's.

John Zechner
Chairman, J. Zechner & Assoc
Price
$15.120
Owned
No
DON'T BUY
DON'T BUY
January 30, 2019
Traditional big box stores have been challenged, and Macys has been one of the better ones in cutting costs and doing online business. But they still face challenges. Monetizing real esteate is a good way to raise money and boost returns, but Hudson's Bay proves that if the underlying business isn't strong, then this strategy won't work. This remains challenging. Be cautious here.
Traditional big box stores have been challenged, and Macys has been one of the better ones in cutting costs and doing online business. But they still face challenges. Monetizing real esteate is a good way to raise money and boost returns, but Hudson's Bay proves that if the underlying business isn't strong, then this strategy won't work. This remains challenging. Be cautious here.
Jim Huang
President, T.I.P. Wealth Management
Price
$25.720
Owned
Unknown
DON'T BUY
DON'T BUY
August 20, 2018

Nothing will change here in the long-term. Be selective in investing in retail today. He prefers Costco, which offers the lowest prices, and Amazon whose margins keep improving. Why bother with retailers who may be overtaken by new business models? The overall economic boom may raise all boats, but how long can that last?

Nothing will change here in the long-term. Be selective in investing in retail today. He prefers Costco, which offers the lowest prices, and Amazon whose margins keep improving. Why bother with retailers who may be overtaken by new business models? The overall economic boom may raise all boats, but how long can that last?

David Fingold
VP and Portfolio Manager, Dynamic Funds
Price
$38.210
Owned
No
DON'T BUY
DON'T BUY
November 10, 2017

Retail sales is not going away, it is just the model and delivery sources that is changing. Online is taking from bricks and mortar. There won’t be one winner and one loser. There’ll just be a tug-of-war. The numbers basically support online growing at 12%-14%, and bricks and mortar growing at 1% or 2%. That is going to go on for some time. This company has a lot of embedded capital, and they can’t be nimble. They have to create a new desire for people to come into their stores.

Retail sales is not going away, it is just the model and delivery sources that is changing. Online is taking from bricks and mortar. There won’t be one winner and one loser. There’ll just be a tug-of-war. The numbers basically support online growing at 12%-14%, and bricks and mortar growing at 1% or 2%. That is going to go on for some time. This company has a lot of embedded capital, and they can’t be nimble. They have to create a new desire for people to come into their stores.

Gordon Reid
President, GoodReid Investment Counsel
Price
$19.980
Owned
No
PAST TOP PICK
PAST TOP PICK
November 6, 2017

(A Past Top Pick Jan 30/17, Down 35%) It is a turnaround stock and she hoped it would be a quicker turnaround. They announced they are closing 100 stores and repurposing the stores or selling them off. They can compete in the online sales space. She still believes it can be one of the retail turnaround stories.

(A Past Top Pick Jan 30/17, Down 35%) It is a turnaround stock and she hoped it would be a quicker turnaround. They announced they are closing 100 stores and repurposing the stores or selling them off. They can compete in the online sales space. She still believes it can be one of the retail turnaround stories.

Erin Gibbs
V.P., S&P Global Market Intelligence
Price
$18.160
Owned
Yes
BUY
BUY
September 5, 2017

As a contrarian and because this is such a brand name, he likes this and would take a position. Many people don’t realize that in many cases they own the real estate their stores are occupying. There is some upside from the real estate portfolio, and he can see them unlocking some of that value. They are jettisoning some of their underperforming stores.

As a contrarian and because this is such a brand name, he likes this and would take a position. Many people don’t realize that in many cases they own the real estate their stores are occupying. There is some upside from the real estate portfolio, and he can see them unlocking some of that value. They are jettisoning some of their underperforming stores.

David Dietze
Founder, Pres. & Chief Investment Strategist, Point View Wealth Management
Price
$21.010
Owned
Unknown
COMMENT
COMMENT
August 10, 2017

A tough space. She owned Kohl’s for a while, who are trying so hard to get people into their stores, which is really, really difficult. The whole group is trading at a 55% discount to the broader market.

A tough space. She owned Kohl’s for a while, who are trying so hard to get people into their stores, which is really, really difficult. The whole group is trading at a 55% discount to the broader market.

Jennifer Radman
VP & Sr. Portfolio Manager, Caldwell Investment Management
Price
$20.670
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
August 4, 2017

(A Top Pick June 23/16. Down 26.65%.) The whole consumer discretionary space over the last 9 months has been awful. He sold his holdings at about the price he bought it for.

(A Top Pick June 23/16. Down 26.65%.) The whole consumer discretionary space over the last 9 months has been awful. He sold his holdings at about the price he bought it for.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$23.300
Owned
No
DON'T BUY
DON'T BUY
June 7, 2017

It has been a disaster for all of these large “mall anchor” retailers. Their overhead is very high. With online and boutiques, you are less inclined to go to one of the big stores. This company has had a lot of other challenges as well. They have gone from share repurchases to repayment of debt. The stock is down around 31% over the last year. He doesn’t see a turn around for the space.

It has been a disaster for all of these large “mall anchor” retailers. Their overhead is very high. With online and boutiques, you are less inclined to go to one of the big stores. This company has had a lot of other challenges as well. They have gone from share repurchases to repayment of debt. The stock is down around 31% over the last year. He doesn’t see a turn around for the space.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$21.810
Owned
No
SELL
SELL
February 8, 2017

You have to have a sustainable, repeatable process to succeed in the market. Brick-and-mortar retail is dying. “Online sales” is crushing it, and will continue to do so for a while.

You have to have a sustainable, repeatable process to succeed in the market. Brick-and-mortar retail is dying. “Online sales” is crushing it, and will continue to do so for a while.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$31.980
Owned
No
TOP PICK
TOP PICK
January 30, 2017

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).

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).

Erin Gibbs
V.P., S&P Global Market Intelligence
Price
$29.520
Owned
Yes
WATCH
WATCH
January 17, 2017

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.

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.

Jennifer Radman
VP & Sr. Portfolio Manager, Caldwell Investment Management
Price
$29.900
Owned
No
PAST TOP PICK
PAST TOP PICK
January 3, 2017

(A Top Pick June 1/16. Up 10.12%.) He sold it when it hit $40. It is not something he thinks would continue to rise. In the low $30, he still likes it and would have no problem with it.

(A Top Pick June 1/16. Up 10.12%.) He sold it when it hit $40. It is not something he thinks would continue to rise. In the low $30, he still likes it and would have no problem with it.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$35.230
Owned
No
SELL
SELL
September 1, 2016

They delivered earnings to the down side more than others at the beginning of the year. Retailers have problems with ecommerce.

They delivered earnings to the down side more than others at the beginning of the year. Retailers have problems with ecommerce.

Mike Capombassis
President, Bristol Gate Capital Partners
Price
$36.340
Owned
No
DON'T BUY
DON'T BUY
August 3, 2016

Wouldn’t invest in this for the long-term, because the headwind of Department stores or brick-and-mortar type retailers is severe. People are getting involved with the ease of online shopping and its cost effectiveness.

Wouldn’t invest in this for the long-term, because the headwind of Department stores or brick-and-mortar type retailers is severe. People are getting involved with the ease of online shopping and its cost effectiveness.

Gordon Reid
President, GoodReid Investment Counsel
Price
$33.430
Owned
Unknown
TOP PICK
TOP PICK
June 23, 2016

This is bottom fishing. It has had a nice pullback. His model price is $42, a 27% upside. Dividend yield of 4.46%.

This is bottom fishing. It has had a nice pullback. His model price is $42, a 27% upside. Dividend yield of 4.46%.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$33.380
Owned
Yes
TOP PICK
TOP PICK
June 1, 2016

The sector is under pressure and the stock has collapsed. He likes to find things that are under pressure. If this was the only company that looked like this, he wouldn’t have picked it, but a lot of retailers look like this. It stopped at $30 and has already rallied up 10%. Thinks it has a very, very good chance of getting back up to $40.

The sector is under pressure and the stock has collapsed. He likes to find things that are under pressure. If this was the only company that looked like this, he wouldn’t have picked it, but a lot of retailers look like this. It stopped at $30 and has already rallied up 10%. Thinks it has a very, very good chance of getting back up to $40.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$33.030
Owned
Yes
TOP PICK
TOP PICK
January 22, 2015

Have both Macy’s and Bloomingdale brands. Extremely well-managed. They are executing very well within store, e-commerce and their marketing initiatives. Revenues are 100% from the domestic US market. The improving US labour market and lower energy costs means more money for consumers to spend. 13X forward earnings with 10% long-term EPS growth.

Have both Macy’s and Bloomingdale brands. Extremely well-managed. They are executing very well within store, e-commerce and their marketing initiatives. Revenues are 100% from the domestic US market. The improving US labour market and lower energy costs means more money for consumers to spend. 13X forward earnings with 10% long-term EPS growth.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$65.500
Owned
Yes
BUY
BUY
May 16, 2013

Like this as well as Walmart, however it is more volatile, so it needs to be watched closer. Take profits when it's up.

Like this as well as Walmart, however it is more volatile, so it needs to be watched closer. Take profits when it's up.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$47.880
Owned
Unknown
HOLD
HOLD
May 23, 2012
Has been a good stock. Finds US department store retailing a very difficult thing to get his head around because it is so fashion oriented.
Has been a good stock. Finds US department store retailing a very difficult thing to get his head around because it is so fashion oriented.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$37.050
Owned
No
TOP PICK
TOP PICK
May 2, 2012
One of the largest department stores. Always do a great job of advertising. 1.) Much better purchasing strategy, which should improve costs and efficiencies. 2.) Greater mix towards branded products which helps mitigate the rising costs of raw materials. 3.) Great job on their online business with double-digit growth. 1.5% dividend, which has lots of room to grow.
One of the largest department stores. Always do a great job of advertising. 1.) Much better purchasing strategy, which should improve costs and efficiencies. 2.) Greater mix towards branded products which helps mitigate the rising costs of raw materials. 3.) Great job on their online business with double-digit growth. 1.5% dividend, which has lots of room to grow.
Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$41.270
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 20, 2010
(A Top Pick July 13/09. Up 55%.) 7% US$ bond maturing Feb 15/28. Currently trading at a slight premium. The long-duration worrisome little bit. We are go to
(A Top Pick July 13/09. Up 55%.) 7% US$ bond maturing Feb 15/28. Currently trading at a slight premium. The long-duration worrisome little bit. We are go to
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$22.130
Owned
Yes
SELL
SELL
November 13, 2009
(Market Call Minute.)
(Market Call Minute.)
Paul Thornton
President, Investor Boot Camp Online
Price
$18.010
Owned
Unknown
TOP PICK
TOP PICK
July 13, 2009
7% US$ bond maturing Feb 15/28 and currently yielding 11%+. Seeing a trend in the US where online sales are up (about 12%) as well as same-store sales growth for companies like this.
7% US$ bond maturing Feb 15/28 and currently yielding 11%+. Seeing a trend in the US where online sales are up (about 12%) as well as same-store sales growth for companies like this.
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$10.650
Owned
Yes
BUY
BUY
September 11, 2006
Thinks they will do fine even in a declining economy.
Thinks they will do fine even in a declining economy.
Ian Nakamoto
Director of Research, MacDougall, MacDougall & MacTier
Price
$40.410
Owned
Unknown
TOP PICK
TOP PICK
March 26, 2004
Expects retail sector will beat expectations and have improved numbers. Doing a great job merchandising and costs.
Expects retail sector will beat expectations and have improved numbers. Doing a great job merchandising and costs.
Liz Ann Sonders
Chief Investment Officer, Charles Schwab
Price
$50.500
Owned
No
TOP PICK
TOP PICK
June 9, 2003
Very cheap. Starting to get momentum. Looking for a discount to its intrinsic book value. Top picks are based on consumer discretionary spending due to lower interest rates.
Very cheap. Starting to get momentum. Looking for a discount to its intrinsic book value. Top picks are based on consumer discretionary spending due to lower interest rates.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$35.720
Owned
Yes
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