Macy’s Seeks to Raise Up to $5 Billion in Debt – Report [Yahoo! Finance News]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Yahoo! Finance News
Macy’s, Inc. According to the debt plan, the department chain will to use its inventory as collateral to raise $3 billion and real estate assets to raise $1 billion to $2 billion, CNBC reported.All of the department chain's 775 stores have been closed since March 18. Macy’s had also announced that it is suspending its quarterly dividend, drawing down on its credit line, freezing both hiring and spending, stopping capital spending, reducing receipts, and cancelling some orders and extending payment terms.This month, Macy’s said that its CFO and Executive Vice President Paula Price will leave the company adding more uncertainty as to how the department chain will navigate its cost-cutting plan and saving measures as it grapples with an economy in turmoil amid the coronavirus-related global lockdowns.Macy’s share price nosedived in recent months losing 70% of its value as result of the financial market downturn. Shares were up 1.7% at $5.31 in U.S. pre-market trading.Four-star analystOli
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News
- Macy's (NYSE:M) had its "neutral" rating reaffirmed by analysts at The Goldman Sachs Group, Inc..MarketBeat
- Macy's (NYSE:M) had its "cautious" rating reaffirmed by analysts at Evercore ISI.MarketBeat
- Macy's (NYSE:M) had its price target raised by analysts at Morgan Stanley from $20.00 to $21.00. They now have an "equal weight" rating on the stock.MarketBeat
- Macy's Posts Earnings Beat, but Consumers Are ‘Choiceful' Heading Into Holiday [Yahoo! Finance]Yahoo! Finance
- Macy's (NYSE:M) had its "positive" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
M
Earnings
- 12/3/25 - Beat
M
Sec Filings
- 12/3/25 - Form 8-K/A
- 12/3/25 - Form 8-K
- 11/5/25 - Form SCHEDULE
- M's page on the SEC website