Is It Finally Time for Macy's Stock to Shine? [The Motley Fool]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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US:NYSE Investor Relations:
macysinc.com/ir
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Source: The Motley Fool
The beaten-down department store may finally be safe from the retail apocalypse. Shares of Macy's ( NYSE:M ) rallied on Feb. 27 after the department store chain's fourth-quarter numbers beat expectations on comparable-store sales and earnings growth. But even after that post-earnings pop, Macy's stock remains more than 60% below the multiyear high of $72 it hit in mid-2015. Many value investors argue that Macy's is a compelling buy at less than 8 times its projected earnings of $3.65 (at the midpoint) for 2018. Income investors also love its forward dividend yield of 5.5% and note that it has hiked that payout annually for seven straight years. Image source: Macy's. However, the bears believe Macy's still operates too many brick-and-mortar stores, that its e-commerce plans aren't compelling, and that it's only a matter of time before Amazon finally torpedoes the 159 year-old retailer. Let's dig deeper into the pros and cons of Macy's fourth quarter to decide
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M
News
- Macy's: Still Looking For A Bigger Bid [Seeking Alpha]Seeking Alpha
- Macy's, Inc. (NYSE: M) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Macy's slashes job pledge, ups investment for $640M Rowan County distribution center [Yahoo! Finance]Yahoo! Finance
- Romance scammers turn victims into "money mules," creating a legal minefield for investigators [CBS News]CBS News
- I was happy in the UK and dead against moving to New York. When my partner was made redundant, it felt like our only option. [Business Insider]Business Insider
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website