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-0.00433570764942709 -0.00371632084236598 -0.00092908021059155 0.00092908021059155 0.00309693403530509 0.00526478786001863 0.00650356147414063 0.00960049550944572
Stock impact report

Is Macy’s an Undervalued Dividend Stock? [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
A single digit P/E ratio and a 4% yield should attract bargain hunters. Shares of Macy's ( NYSE:M ) tumbled 7% on Nov. 14 following the release of the retailer's third quarter earnings report. Its revenue rose 2% annually to $5.4 billion, matching expectations, and its non-GAAP EPS grew 29% to $0.27, beating estimates by $0.12. Macy's comparable store sales rose 3.1% on an owned basis and 3.3% on an owned-plus-licensed basis. It maintained its full-year revenue forecast for less than 1% growth, but it now expects its earnings to rise 9%-14%, compared to its prior forecast for 5%-10% growth and a consensus forecast for 8% growth. Image source: Macy's. Those numbers seemed solid, but investors still dumped the stock. But after that sell-off, Macy's trades at just 8 times this year's earnings and pays a hefty forward dividend yield of 4.1%. Should investors consider it an undervalued income stock? A closer look at Macy's valuations and dividends Macy's P/E rat Show less Read more
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