Macy's stock faces pressure despite recent financial improvements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2024
0mins
Should l Buy M?
Source: Coinmarketcap
Macy's Inc. stock has dropped 7.14%, hitting a 5-day low, as broader market conditions weigh on consumer stocks.
Despite a nearly 75% surge in the last six months due to cost-cutting measures and a strategic shift towards affluent customers, Macy's is currently experiencing downward pressure amid a 0.68% decline in the S&P 500. Analysts note that the recent bankruptcy of competitor Saks Global could enhance Macy's market share, but the current market sentiment is affecting stock performance.
The implications of this price drop suggest that while Macy's has made significant strides in improving its financial position, external market factors are creating volatility. Investors may need to consider these broader trends when evaluating Macy's stock.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy M?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on M
Wall Street analysts forecast M stock price to rise
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 17.990
Low
8.00
Averages
21.33
High
27.00
Current: 17.990
Low
8.00
Averages
21.33
High
27.00
About M
Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Cerulean 6, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, I-N-C, jenni, JM Collection, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UBS Increases Target Price for Macy's Inc. to $9, Up from $8
- Macy's Inc. Update: Macy's has raised its price target for shares of Starboard Value, increasing it from $8 to $9.
- Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the retail sector.
See More
Stock Markets Remain Calm Following Trump's Iran Attack—Here’s Why and 5 Other Key Updates for Today.
New World Order: The Trump administration is pursuing a strategy to undermine the Iranian regime, similar to its actions in Venezuela.
Market Reaction: Currently, the market appears stable, but the potential risks associated with this geopolitical conflict are significant.
See More
Retail Sector Earnings Surprise Predictions Released
- Earnings Overview: This week, major retailers including Target, Best Buy, and Costco are set to release earnings, with Target expected to report earnings of $2.17 per share and revenues of $30.52 billion, reflecting year-over-year declines of 10% and 1.3%, yet indicating market confidence in its future performance.
- Consumer Spending Trends: While overall consumer spending remains stable, particularly among high-income and younger demographics, lower-income groups are still grappling with inflationary pressures, leading to soft demand in discretionary spending categories, which has impacted Target's performance.
- Competitive Comparison: Target's stock has risen 15.6% in 2026, outperforming Walmart's 15% and the broader market's 0.6% increase, despite experiencing declines after each of the last five quarterly earnings releases, indicating market expectations for a positive outlook.
- Retail Sector Performance: So far, 22 retailers have reported earnings showing a 6.9% year-over-year increase in earnings and an 8.6% rise in revenues, but only 50% of these companies have exceeded EPS estimates, reflecting the challenges and competitive pressures facing the retail sector.
See More
Macy's Declares 5% Increase in Quarterly Dividend
- Dividend Increase: Macy's board has declared a quarterly dividend of 19.15 cents per share, reflecting a 5% increase, indicating the company's strong cash flow and profitability performance.
- Payment Date: The new dividend will be payable on April 1, 2026, to shareholders of record as of March 13, 2026, ensuring timely returns for investors and boosting their confidence.
- Brand Influence: Macy's continues to solidify its leadership in the retail market through its iconic brands, including Macy's, Bloomingdale's, and Bluemercury, attracting a broader consumer base.
- Digital Transformation: Headquartered in New York City, Macy's leverages its comprehensive digital and nationwide footprint to provide a seamless shopping experience for customers, further driving sales growth and market share enhancement.
See More
Macy's, Inc. Declares 5% Increase in Quarterly Dividend
- Dividend Increase: Macy's, Inc. board declared a quarterly dividend of 19.15 cents per share, reflecting a 5% increase, indicating the company's strong cash flow and profitability.
- Payment Date: The dividend is set to be paid on April 1, 2026, with a record date of March 13, 2026, ensuring timely returns for shareholders and boosting investor confidence.
- Company Background: Headquartered in New York City, Macy's, Inc. operates iconic brands such as Macy's, Bloomingdale's, and Bluemercury, leveraging a comprehensive digital and nationwide footprint to enhance customer shopping experiences.
- Market Position: As a trusted source for quality brands, Macy's continues to solidify its market position, aiming to attract more investors through consistent dividend growth.
See More
Macy's Launches Year-Long Celebration Initiative
- Event Kickoff: Macy's launches its 'Celebrations Start at Macy's' initiative on March 7 with nationwide prom events, aiming to position the brand at the center of customers' significant moments and enhance brand visibility.
- Diverse Experiences: The initiative will unfold throughout 2026, featuring key celebrations such as Mother's Day, Father's Day, and the 50th Macy's 4th of July Fireworks, which is expected to attract more customer participation and strengthen brand loyalty.
- Community Engagement: From March 1 to April 30, Macy's will activate a donation campaign benefiting the Macy's Prom Fund, helping more students look and feel their best on prom night, showcasing the brand's commitment to social responsibility.
- Celebrity Endorsement: Macy's collaborates with actress Priah Ferguson and other creators to launch a prom fashion collection that emphasizes individuality and self-expression, which is anticipated to draw the attention and participation of younger consumers.
See More
UBS Increases Target Price for Macy's Inc. to $9, Up from $8
- Macy's Inc. Update: Macy's has raised its price target for shares of Starboard Value, increasing it from $8 to $9.
- Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the retail sector.
See More
Stock Markets Remain Calm Following Trump's Iran Attack—Here’s Why and 5 Other Key Updates for Today.
New World Order: The Trump administration is pursuing a strategy to undermine the Iranian regime, similar to its actions in Venezuela.
Market Reaction: Currently, the market appears stable, but the potential risks associated with this geopolitical conflict are significant.
See More
Retail Sector Earnings Surprise Predictions Released
- Earnings Overview: This week, major retailers including Target, Best Buy, and Costco are set to release earnings, with Target expected to report earnings of $2.17 per share and revenues of $30.52 billion, reflecting year-over-year declines of 10% and 1.3%, yet indicating market confidence in its future performance.
- Consumer Spending Trends: While overall consumer spending remains stable, particularly among high-income and younger demographics, lower-income groups are still grappling with inflationary pressures, leading to soft demand in discretionary spending categories, which has impacted Target's performance.
- Competitive Comparison: Target's stock has risen 15.6% in 2026, outperforming Walmart's 15% and the broader market's 0.6% increase, despite experiencing declines after each of the last five quarterly earnings releases, indicating market expectations for a positive outlook.
- Retail Sector Performance: So far, 22 retailers have reported earnings showing a 6.9% year-over-year increase in earnings and an 8.6% rise in revenues, but only 50% of these companies have exceeded EPS estimates, reflecting the challenges and competitive pressures facing the retail sector.
See More
Macy's Declares 5% Increase in Quarterly Dividend
- Dividend Increase: Macy's board has declared a quarterly dividend of 19.15 cents per share, reflecting a 5% increase, indicating the company's strong cash flow and profitability performance.
- Payment Date: The new dividend will be payable on April 1, 2026, to shareholders of record as of March 13, 2026, ensuring timely returns for investors and boosting their confidence.
- Brand Influence: Macy's continues to solidify its leadership in the retail market through its iconic brands, including Macy's, Bloomingdale's, and Bluemercury, attracting a broader consumer base.
- Digital Transformation: Headquartered in New York City, Macy's leverages its comprehensive digital and nationwide footprint to provide a seamless shopping experience for customers, further driving sales growth and market share enhancement.
See More
Macy's, Inc. Declares 5% Increase in Quarterly Dividend
- Dividend Increase: Macy's, Inc. board declared a quarterly dividend of 19.15 cents per share, reflecting a 5% increase, indicating the company's strong cash flow and profitability.
- Payment Date: The dividend is set to be paid on April 1, 2026, with a record date of March 13, 2026, ensuring timely returns for shareholders and boosting investor confidence.
- Company Background: Headquartered in New York City, Macy's, Inc. operates iconic brands such as Macy's, Bloomingdale's, and Bluemercury, leveraging a comprehensive digital and nationwide footprint to enhance customer shopping experiences.
- Market Position: As a trusted source for quality brands, Macy's continues to solidify its market position, aiming to attract more investors through consistent dividend growth.
See More
Macy's Launches Year-Long Celebration Initiative
- Event Kickoff: Macy's launches its 'Celebrations Start at Macy's' initiative on March 7 with nationwide prom events, aiming to position the brand at the center of customers' significant moments and enhance brand visibility.
- Diverse Experiences: The initiative will unfold throughout 2026, featuring key celebrations such as Mother's Day, Father's Day, and the 50th Macy's 4th of July Fireworks, which is expected to attract more customer participation and strengthen brand loyalty.
- Community Engagement: From March 1 to April 30, Macy's will activate a donation campaign benefiting the Macy's Prom Fund, helping more students look and feel their best on prom night, showcasing the brand's commitment to social responsibility.
- Celebrity Endorsement: Macy's collaborates with actress Priah Ferguson and other creators to launch a prom fashion collection that emphasizes individuality and self-expression, which is anticipated to draw the attention and participation of younger consumers.
See More
