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Stock impact report

Macy's Finally Has a Real Growth Strategy [The Motley Fool]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: The Motley Fool
The top department store operator has returned to consistent sales growth by making major investments in some of its most promising stores. It has been an up-and-down year for Macy's ( NYSE:M )  in 2018. Shares of the department store giant plunged to a multiyear low in late 2017, but rallied in the last two months of the year. That rally continued into 2018, as Macy's stock surged from around $25 at the beginning of the year to a peak of more than $40 this summer. Since then, the stock has come back to earth, slumping all the way back to the low-$30 range. That has left Macy's shares trading for less than nine times earnings, despite rapid improvement in the company's balance sheet . Macy's Stock Performance, data by YCharts . In short, investors are treating Macy's like it won't be able to sustain its current level of earnings, let alone achieve any profit growth in the long run. Yet people may be underestimating Macy's prospects. For the first time in a l Show less Read more
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