Stock Buybacks Made Corporations Vulnerable. Then The Coronavirus Struck. [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Forbes
The following is an adapted excerpt fromWorm Capital’s Q1 2020 Investor Letter.You can learn more about Worm Capital and our strategieshereOur core thesis as long-term investors is that we are living through an era of transformative, technology-driven industrial change.As we engaged in our research process over the recent decade-long bull market, we paid particular attention to the acceleration of stock buybacks by companies whose business models were undergoing a high degree of uncertainty and change. In lieu of innovation— or a de-risking of the corporate balance sheet by holding cash, reducing debt, or de-risking of shareholder balance sheets via a cash flow in the form of a dividend—we found many of these companies engaged in purchasing their own equity to a staggering degree. Since Q1 2009, S&P 500 companies have spent, cumulatively, $5.4 trillion on stock buybacks, according to Yardeni Research.While certain innovators (i.e. the “disruptors”) were committing capital to develop n
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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