M Chart
About

Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. It sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and Bluemercury brands. The company also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Department Stores Market Cap 5.54B
Enterprise Value 10.33B Income 477.00M Sales 22.71B
Book/sh 16.28 Cash/sh 1.68 Dividend Yield 3.50%
Payout 42.41% Employees 94189 IPO —
P/E 12.25 Forward P/E 9.52 PEG —
P/S 0.24 P/B 1.28 P/C —
EV/EBITDA 7.03 EV/Sales 0.46 Quick Ratio 0.11
Current Ratio 1.25 Debt/Eq 121.14 LT Debt/Eq —
EPS (ttm) 1.70 EPS next Y 2.19 EPS Growth -60.00%
Revenue Growth 0.20% Earnings 2026-03-05 ROA 3.22%
ROE 11.26% ROIC — Gross Margin 40.38%
Oper. Margin 0.77% Profit Margin 2.10% Shs Outstand 265.88M
Shs Float 264.94M Short Float 11.25% Short Ratio 4.11
Short Interest — 52W High 24.41 52W Low 9.76
Beta 1.52 Avg Volume 7.01M Volume 4.07M
Target Price $21.80 Recom Hold Prev Close $21.27
Price $20.83 Change -2.07%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.80
Mean price target
2. Current target
$20.66
Latest analyst target
3. DCF / Fair value
$60.79
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$20.66
Low
$8.00
High
$27.00
Mean
$21.80

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-12 main Jefferies Buy → Buy $27
2025-12-10 init Guggenheim — → Neutral —
2025-12-05 main Goldman Sachs Neutral → Neutral $22
2025-12-05 main Evercore ISI Group In-Line → In-Line $21
2025-12-05 main Morgan Stanley Equal-Weight → Equal-Weight $21
2025-12-04 main Jefferies Buy → Buy $26
2025-12-04 main Citigroup Neutral → Neutral $24
2025-12-04 main UBS Sell → Sell $8
2025-12-04 main Telsey Advisory Group Market Perform → Market Perform $25
2025-12-03 main Telsey Advisory Group Market Perform → Market Perform $22
2025-12-01 main UBS Sell → Sell $7
2025-11-28 main Telsey Advisory Group Market Perform → Market Perform $22
2025-11-19 main Citigroup Neutral → Neutral $19
2025-10-15 init BTIG — → Neutral —
2025-10-06 main Goldman Sachs Neutral → Neutral $17
2025-09-18 main Morgan Stanley Equal-Weight → Equal-Weight $16
2025-09-04 main Goldman Sachs Neutral → Neutral $15
2025-09-04 main Citigroup Neutral → Neutral $16
2025-09-04 main Barclays Equal-Weight → Equal-Weight $15
2025-09-04 main UBS Sell → Sell $7
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 85000 2032996.0 — Sale at price 23.92 per share. KIRGAN DANIELLE L Officer — 2025-12-11 00:00:00 D
1 13500 299870.0 — Sale at price 22.21 per share. BRON OLIVIER Officer — 2025-12-08 00:00:00 D
2 21765 nan — — BRON OLIVIER Officer — 2025-10-31 00:00:00 D
3 100000 1775000.0 — Sale at price 17.75 per share. KIRGAN DANIELLE L Officer — 2025-09-17 00:00:00 D
4 50000 875000.0 — Sale at price 17.50 per share. KIRGAN DANIELLE L Officer — 2025-09-11 00:00:00 D
5 12843 221671.0 — Sale at price 17.26 per share. GRISCOM PAUL Officer — 2025-09-11 00:00:00 D
6 100000 1729530.0 — Sale at price 17.30 per share. KIRGAN DANIELLE L Officer — 2025-09-05 00:00:00 D
7 4522 58256.0 — Sale at price 12.88 per share. KIRGAN DANIELLE L Officer — 2025-04-01 00:00:00 D
8 14234 183313.0 — Sale at price 12.88 per share. SPRING ANTONY Chief Executive Officer — 2025-04-01 00:00:00 D
9 489 6303.0 — Sale at price 12.89 per share. GRISCOM PAUL Officer — 2025-04-01 00:00:00 D
Financials
Line Item2025-01-312024-01-312023-01-312022-01-31
TaxEffectOfUnusualItems-6.64M-202.86M3.81M-32.24M
TaxRateForCalcs0.240.210.220.23
NormalizedEBITDA1.79B2.04B2.48B3.14B
TotalUnusualItems-28.00M-966.00M17.00M-138.00M
TotalUnusualItemsExcludingGoodwill-28.00M-966.00M17.00M-138.00M
NetIncomeFromContinuingOperationNetMinorityInterest582.00M45.00M1.15B1.43B
ReconciledDepreciation881.00M897.00M857.00M874.00M
ReconciledCostOfRevenue13.74B14.22B15.35B14.96B
EBITDA1.76B1.07B2.50B3.00B
EBIT878.00M178.00M1.64B2.12B
NetInterestIncome-115.00M-135.00M-162.00M-256.00M
InterestExpense115.00M135.00M162.00M259.00M
InterestIncome15.00M3.00M
NormalizedIncome603.36M808.14M1.13B1.54B
NetIncomeFromContinuingAndDiscontinuedOperation582.00M45.00M1.15B1.43B
TotalExpenses22.07B22.60B23.81B23.11B
TotalOperatingIncomeAsReported909.00M301.00M1.69B2.35B
DilutedAverageShares281.60M278.20M281.10M314.00M
BasicAverageShares277.70M274.20M274.70M306.80M
DilutedEPS2.070.384.194.55
BasicEPS2.100.384.284.66
DilutedNIAvailtoComStockholders582.00M45.00M1.15B1.43B
NetIncomeCommonStockholders582.00M45.00M1.15B1.43B
NetIncome582.00M45.00M1.15B1.43B
NetIncomeIncludingNoncontrollingInterests582.00M45.00M1.15B1.43B
NetIncomeContinuousOperations582.00M45.00M1.15B1.43B
TaxProvision181.00M-2.00M331.00M436.00M
PretaxIncome763.00M43.00M1.48B1.87B
OtherIncomeExpense-58.00M-1.09B-2.00M-168.00M
OtherNonOperatingIncomeExpenses-30.00M-123.00M-19.00M-30.00M
SpecialIncomeCharges-172.00M-1.03B-72.00M-229.00M
OtherSpecialCharges1.00M31.00M199.00M
WriteOff127.00M972.00M36.00M27.00M
RestructuringAndMergernAcquisition44.00M55.00M5.00M3.00M
GainOnSaleOfSecurity144.00M61.00M89.00M91.00M
NetNonOperatingInterestIncomeExpense-115.00M-135.00M-162.00M-256.00M
TotalOtherFinanceCost26.00M
InterestExpenseNonOperating115.00M135.00M162.00M259.00M
InterestIncomeNonOperating15.00M3.00M
OperatingIncome936.00M1.27B1.64B2.29B
OperatingExpense8.33B8.38B8.46B8.15B
SellingGeneralAndAdministration8.33B8.38B8.46B8.15B
GeneralAndAdministrativeExpense8.38B8.32B8.15B
OtherGandA8.38B8.32B8.15B
SalariesAndWages134.00M39.00M96.00M
GrossProfit9.27B9.64B10.10B10.44B
CostOfRevenue13.74B14.22B15.35B14.96B
TotalRevenue23.01B23.87B25.45B25.40B
OperatingRevenue22.29B23.09B24.44B24.46B
Line Item2025-01-312023-01-312022-01-31
TreasurySharesNumber55.90M62.30M41.20M
OrdinarySharesNumber277.70M274.20M271.30M292.40M
ShareIssued333.60M274.20M333.60M333.60M
NetDebt1.47B1.96B2.13B1.58B
TotalDebt5.71B5.98B5.96B6.83B
TangibleBookValue3.30B2.78B2.82B2.36B
InvestedCapital7.33B7.03B7.08B6.92B
WorkingCapital1.96B1.56B992.00M1.34B
NetTangibleAssets3.30B2.78B2.82B2.36B
CapitalLeaseObligations2.93B2.99B2.96B3.53B
CommonStockEquity4.55B4.04B4.08B3.62B
TotalCapitalization7.33B7.03B7.08B6.92B
TotalEquityGrossMinorityInterest4.55B4.04B4.08B3.62B
StockholdersEquity4.55B4.04B4.08B3.62B
GainsLossesNotAffectingRetainedEarnings-449.00M-496.00M-618.00M-622.00M
OtherEquityAdjustments-449.00M-496.00M-618.00M-622.00M
TreasuryStock1.80B1.91B2.04B1.54B
RetainedEarnings6.50B6.09B6.27B5.27B
AdditionalPaidInCapital300.00M352.00M467.00M517.00M
CapitalStock3.00M3.00M3.00M3.00M
CommonStock3.00M3.00M3.00M3.00M
TotalLiabilitiesNetMinorityInterest11.85B12.21B12.78B13.97B
TotalNonCurrentLiabilitiesNetMinorityInterest7.33B7.68B7.92B8.55B
OtherNonCurrentLiabilities902.00M950.00M1.02B1.18B
NonCurrentDeferredLiabilities724.00M745.00M947.00M983.00M
NonCurrentDeferredTaxesLiabilities724.00M745.00M947.00M983.00M
LongTermDebtAndCapitalLeaseObligation5.70B5.98B5.96B6.39B
LongTermCapitalLeaseObligation2.93B2.99B2.96B3.10B
LongTermDebt2.77B3.00B3.00B3.29B
CurrentLiabilities4.52B4.53B4.86B5.42B
CurrentDeferredLiabilities353.00M384.00M399.00M481.00M
CurrentDeferredRevenue353.00M384.00M399.00M481.00M
CurrentDebtAndCapitalLeaseObligation6.00M438.00M433.00M
CurrentCapitalLeaseObligation438.00M433.00M
CurrentDebt6.00M
CurrentNotesPayable6.00M0.00
PensionandOtherPostRetirementBenefitPlansCurrent243.00M248.00M245.00M240.00M
CurrentProvisions114.00M136.00M236.00M198.00M
PayablesAndAccruedExpenses3.81B3.76B3.98B4.06B
CurrentAccruedExpenses952.00M920.00M928.00M535.00M
InterestPayable48.00M53.00M51.00M44.00M
Payables2.86B2.84B3.05B3.53B
TotalTaxPayable110.00M184.00M179.00M249.00M
IncomeTaxPayable0.0048.00M58.00M108.00M
AccountsPayable2.75B2.66B2.87B3.28B
TotalAssets16.40B16.25B16.87B17.59B
TotalNonCurrentAssets9.92B10.16B11.01B10.83B
OtherNonCurrentAssets1.36B1.29B1.16B1.10B
GoodwillAndOtherIntangibleAssets1.25B1.26B1.26B1.26B
OtherIntangibleAssets425.00M430.00M432.00M435.00M
Goodwill828.00M828.00M828.00M828.00M
NetPPE7.31B7.61B8.60B8.47B
AccumulatedDepreciation-4.18B-4.28B-4.63B-4.55B
GrossPPE11.49B11.89B13.23B13.02B
OtherProperties2.24B2.31B2.68B2.81B
MachineryFurnitureEquipment3.61B3.79B4.15B3.92B
BuildingsAndImprovements4.47B4.54B5.06B4.94B
LandAndImprovements1.17B1.26B1.33B1.35B
Properties0.000.000.000.00
CurrentAssets6.48B6.09B5.85B6.76B
OtherCurrentAssets385.00M401.00M424.00M366.00M
PrepaidAssets424.00M366.00M
Inventory4.47B4.36B4.27B4.38B
FinishedGoods4.47B4.36B4.27B4.38B
Receivables320.00M293.00M300.00M297.00M
TaxesReceivable17.00M0.00
AccountsReceivable303.00M293.00M300.00M297.00M
CashCashEquivalentsAndShortTermInvestments1.31B1.03B862.00M1.71B
CashAndCashEquivalents1.31B1.03B862.00M1.71B
Line Item2025-01-312024-01-312023-01-312022-01-31
FreeCashFlow396.00M312.00M320.00M2.12B
RepurchaseOfCapitalStock-1.00M-38.00M-601.00M-500.00M
RepaymentOfDebt-524.00M-963.00M-3.10B-2.70B
IssuanceOfDebt301.00M961.00M2.81B1.08B
IssuanceOfCapitalStock0.000.007.00M
CapitalExpenditure-882.00M-993.00M-1.29B-597.00M
InterestPaidSupplementalData155.00M157.00M188.00M442.00M
IncomeTaxPaidSupplementalData304.00M240.00M455.00M
EndCashPosition1.31B1.04B865.00M1.72B
BeginningCashPosition1.04B865.00M1.72B1.75B
ChangesInCash273.00M172.00M-850.00M-39.00M
FinancingCashFlow-413.00M-220.00M-1.30B-2.38B
CashFlowFromContinuingFinancingActivities-413.00M-220.00M-1.30B-2.38B
NetOtherFinancingCharges3.00M1.00M-231.00M-184.00M
CashDividendsPaid-192.00M-181.00M-173.00M-90.00M
CommonStockDividendPaid-192.00M-181.00M-173.00M-90.00M
NetCommonStockIssuance-1.00M-38.00M-601.00M-493.00M
CommonStockPayments-1.00M-38.00M-601.00M-500.00M
CommonStockIssuance0.000.007.00M
NetIssuancePaymentsOfDebt-223.00M-2.00M-291.00M-1.61B
NetLongTermDebtIssuance-223.00M-2.00M-291.00M-1.61B
LongTermDebtPayments-524.00M-963.00M-3.10B-2.70B
LongTermDebtIssuance301.00M961.00M2.81B1.08B
InvestingCashFlow-592.00M-913.00M-1.17B-370.00M
CashFlowFromContinuingInvestingActivities-592.00M-913.00M-1.17B-370.00M
NetOtherInvestingChanges7.00M-6.00M-11.00M63.00M
NetIntangiblesPurchaseAndSale-407.00M-243.00M
PurchaseOfIntangibles-407.00M-243.00M
NetPPEPurchaseAndSale-235.00M-545.00M-751.00M-190.00M
SaleOfPPE283.00M86.00M137.00M164.00M
PurchaseOfPPE-518.00M-631.00M-888.00M-354.00M
CapitalExpenditureReported-364.00M-362.00M-407.00M-243.00M
OperatingCashFlow1.28B1.30B1.61B2.71B
CashFlowFromContinuingOperatingActivities1.28B1.30B1.61B2.71B
ChangeInWorkingCapital-277.00M-554.00M-423.00M195.00M
ChangeInOtherWorkingCapital-179.00M-101.00M-208.00M402.00M
ChangeInPayablesAndAccruedExpense-60.00M-379.00M-262.00M463.00M
ChangeInPayable-60.00M-379.00M-262.00M463.00M
ChangeInAccountPayable-60.00M-379.00M-262.00M463.00M
ChangeInTaxPayable588.00M
ChangeInIncomeTaxPayable588.00M
ChangeInPrepaidAssets11.00M18.00M-66.00M-39.00M
ChangeInInventory-51.00M-99.00M116.00M-610.00M
ChangeInReceivables2.00M7.00M-3.00M-21.00M
OtherNonCashItems57.00M144.00M50.00M166.00M
StockBasedCompensation58.00M47.00M54.00M55.00M
AssetImpairmentCharge171.00M1.03B41.00M30.00M
DeferredTax-52.00M-244.00M-38.00M19.00M
DeferredIncomeTax-52.00M-244.00M-38.00M19.00M
DepreciationAmortizationDepletion881.00M897.00M857.00M874.00M
DepreciationAndAmortization881.00M897.00M857.00M874.00M
OperatingGainsLosses-142.00M-57.00M-72.00M-57.00M
PensionAndEmployeeBenefitExpense2.00M4.00M17.00M34.00M
GainLossOnInvestmentSecurities-144.00M-61.00M-89.00M-91.00M
NetIncomeFromContinuingOperations582.00M45.00M1.15B1.43B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for M
Date User Asset Broker Type Position Size Entry Price Patterns