Symbols / M Stock $22.31 -3.15% Macy's, Inc.

Consumer Cyclical • Department Stores • United States • NYQ
M (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Consumer Cyclical
Industry Department Stores
CEO Mr. Antony Spring
Exch · Country NYQ · United States
Market Cap 5.88B
Enterprise Value 9.89B
Income 667.00M
Sales 22.72B
FCF (ttm) 748.88M
Book/sh 18.48
Cash/sh 4.91
Employees 90,134
Insider 10d —
IPO Feb 05, 1992
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 30.52%
P/E 9.22
Forward P/E 9.79
PEG 3.73
P/S 0.26
P/B 1.21
P/C —
EV/EBITDA 7.02
EV/Sales 0.43
Quick Ratio 0.34
Current Ratio 1.48
Debt/Eq 105.62
LT Debt/Eq —
EPS (ttm) 2.42
EPS next Y 2.28
EPS Growth 76.90%
Revenue Growth 2.10%
EPS Gr Q/Q 65.80%
Rev Gr Q/Q —
Earnings (next) 2026-09-02
Earnings (prior) 2026-06-03
ROA 3.37%
ROE 14.36%
ROIC —
Gross Margin 40.31%
Oper. Margin 1.76%
Profit Margin 2.94%
Shs Outstand 263.80M
Shs Float 259.56M
Insider Own 1.52%
Instit Own 98.90%
Short Float 14.15%
Short Ratio 7.26
Short Interest 33.47M
52W High 24.41
vs 52W High -8.62%
52W Low 10.54
vs 52W Low 111.62%
Beta 1.50
Impl. Vol. 46.29%
Rel Volume 0.29
Avg Volume 6.86M
Volume 2.01M
Target (mean) $20.10
Tgt Median $20.50
Tgt Low $9.00
Tgt High $25.00
# Analysts 10
Recom Hold
Prev Close $23.03
Price $22.30
Change -3.15%
About

Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells various 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. It 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$20.10
Mean price target
2. Current target
$22.30
Latest analyst target
3. DCF / Fair value
$51.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$22.30
Low
$9.00
High
$25.00
Mean
$20.10

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-04 main Telsey Advisory Group Market Perform → Market Perform $23
2026-06-04 main Citigroup Neutral → Neutral $22
2026-06-04 main JP Morgan Neutral → Neutral $27
2026-06-04 main Evercore ISI Group In-Line → In-Line $22
2026-04-01 main Telsey Advisory Group Market Perform → Market Perform $20
2026-03-19 main Citigroup Neutral → Neutral $18
2026-03-19 main TD Cowen Hold → Hold $20
2026-03-19 main Telsey Advisory Group Market Perform → Market Perform $20
2026-03-18 main JP Morgan Neutral → Neutral $21
2026-03-18 main Telsey Advisory Group Market Perform → Market Perform $25
2026-03-09 main UBS Sell → Sell $9
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
News
RSS: Latest M news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-06 GRISCOM PAUL Officer — 745 $17.92 $13,353
2026-04-06 PRESTON TRACY M Officer — 5,271 $17.92 $94,481
2026-04-06 BRON OLIVIER Officer — 7,228 $17.92 $129,555
2026-04-06 KIRGAN DANIELLE L Officer — 10,010 $17.92 $179,408
2026-04-06 SPRING ANTONY Chief Executive Officer — 50,044 $17.92 $896,984
2026-04-02 GRISCOM PAUL Officer — 2,629 — —
2026-04-02 PRESTON TRACY M Officer — 13,146 — —
2026-04-02 BRON OLIVIER Officer — 13,146 — —
2026-04-02 KIRGAN DANIELLE L Officer — 19,719 — —
2026-04-02 SPRING ANTONY Chief Executive Officer — 98,597 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2026-01-31 2025-01-31 2024-01-31 2023-01-31
Total Revenue
22,621.00
-1.67%
23,006.00
-3.60%
23,866.00
-6.22%
25,449.00
Operating Revenue
21,764.00
-2.37%
22,293.00
-3.46%
23,092.00
-5.52%
24,442.00
Cost Of Revenue
13,497.00
-1.77%
13,740.00
-3.40%
14,224.00
-7.32%
15,347.00
Reconciled Cost Of Revenue
13,497.00
-1.77%
13,740.00
-3.40%
14,224.00
-7.32%
15,347.00
Gross Profit
9,124.00
-1.53%
9,266.00
-3.90%
9,642.00
-4.55%
10,102.00
Operating Expense
8,240.00
-1.08%
8,330.00
-0.54%
8,375.00
-1.02%
8,461.00
Selling General And Administration
8,240.00
-1.08%
8,330.00
-0.54%
8,375.00
-1.02%
8,461.00
General And Administrative Expense
—
—
8,375.00
+0.70%
8,317.00
Salaries And Wages
—
—
134.00
+243.59%
39.00
Other Gand A
—
—
8,375.00
+0.70%
8,317.00
Total Expenses
21,737.00
-1.51%
22,070.00
-2.34%
22,599.00
-5.08%
23,808.00
Operating Income
884.00
-5.56%
936.00
-26.12%
1,267.00
-22.79%
1,641.00
Total Operating Income As Reported
1,030.00
+13.31%
909.00
+201.99%
301.00
-82.18%
1,689.00
EBITDA
1,840.00
+4.60%
1,759.00
+63.63%
1,075.00
-56.93%
2,496.00
Normalized EBITDA
2,055.00
+15.00%
1,787.00
-12.44%
2,041.00
-17.67%
2,479.00
Reconciled Depreciation
894.00
+1.48%
881.00
-1.78%
897.00
+4.67%
857.00
EBIT
946.00
+7.74%
878.00
+393.26%
178.00
-89.14%
1,639.00
Total Unusual Items
-215.00
-667.86%
-28.00
+97.10%
-966.00
-5782.35%
17.00
Total Unusual Items Excluding Goodwill
-215.00
-667.86%
-28.00
+97.10%
-966.00
-5782.35%
17.00
Special Income Charges
-263.00
-52.91%
-172.00
+83.25%
-1,027.00
-1326.39%
-72.00
Other Special Charges
33.00
+3200.00%
1.00
—
31.00
Restructuring And Mergern Acquisition
47.00
+6.82%
44.00
-20.00%
55.00
+1000.00%
5.00
Write Off
183.00
+44.09%
127.00
-86.93%
972.00
+2600.00%
36.00
Net Income
642.00
+10.31%
582.00
+1193.33%
45.00
-96.07%
1,146.00
Pretax Income
849.00
+11.27%
763.00
+1674.42%
43.00
-97.09%
1,477.00
Net Non Operating Interest Income Expense
-97.00
+15.65%
-115.00
+14.81%
-135.00
+16.67%
-162.00
Interest Expense Non Operating
97.00
-15.65%
115.00
-14.81%
135.00
-16.67%
162.00
Net Interest Income
-97.00
+15.65%
-115.00
+14.81%
-135.00
+16.67%
-162.00
Interest Expense
97.00
-15.65%
115.00
-14.81%
135.00
-16.67%
162.00
Interest Income Non Operating
—
—
—
15.00
Interest Income
—
—
—
15.00
Other Income Expense
62.00
+206.90%
-58.00
+94.67%
-1,089.00
-54350.00%
-2.00
Other Non Operating Income Expenses
277.00
+1023.33%
-30.00
+75.61%
-123.00
-547.37%
-19.00
Gain On Sale Of Security
48.00
-66.67%
144.00
+136.07%
61.00
-31.46%
89.00
Tax Provision
207.00
+14.36%
181.00
+9150.00%
-2.00
-100.60%
331.00
Tax Rate For Calcs
0.00
+2.78%
0.00
+12.96%
0.00
-6.29%
0.00
Tax Effect Of Unusual Items
-52.42
-689.20%
-6.64
+96.73%
-202.86
-5424.76%
3.81
Net Income Including Noncontrolling Interests
642.00
+10.31%
582.00
+1193.33%
45.00
-96.07%
1,146.00
Net Income From Continuing Operation Net Minority Interest
642.00
+10.31%
582.00
+1193.33%
45.00
-96.07%
1,146.00
Net Income From Continuing And Discontinued Operation
642.00
+10.31%
582.00
+1193.33%
45.00
-96.07%
1,146.00
Net Income Continuous Operations
642.00
+10.31%
582.00
+1193.33%
45.00
-96.07%
1,146.00
Normalized Income
804.58
+33.35%
603.36
-25.34%
808.14
-28.66%
1,132.81
Net Income Common Stockholders
642.00
+10.31%
582.00
+1193.33%
45.00
-96.07%
1,146.00
Diluted EPS
2.32
+12.08%
2.07
+444.74%
0.38
-90.93%
4.19
Basic EPS
2.37
+12.86%
2.10
+452.63%
0.38
-91.12%
4.28
Basic Average Shares
270.60
-2.56%
277.70
+1.28%
274.20
-0.18%
274.70
Diluted Average Shares
276.50
-1.81%
281.60
+1.22%
278.20
-1.03%
281.10
Diluted NI Availto Com Stockholders
642.00
+10.31%
582.00
+1193.33%
45.00
-96.07%
1,146.00
Total Other Finance Cost
—
—
—
—
Line Item Trend 2026-01-31 2025-01-31 2023-01-31 2022-01-31
Total Assets
16,238.00
-1.00%
16,402.00
-2.75%
16,866.00
—
Current Assets
6,673.00
+2.99%
6,479.00
+10.70%
5,853.00
—
Cash Cash Equivalents And Short Term Investments
1,246.00
-4.59%
1,306.00
+51.51%
862.00
—
Cash And Cash Equivalents
1,246.00
-4.59%
1,306.00
+51.51%
862.00
—
Receivables
628.00
+96.25%
320.00
+6.67%
300.00
—
Accounts Receivable
628.00
+107.26%
303.00
+1.00%
300.00
—
Taxes Receivable
0.00
-100.00%
17.00
—
—
Inventory
4,412.00
-1.25%
4,468.00
+4.71%
4,267.00
—
Finished Goods
4,412.00
-1.25%
4,468.00
+4.71%
4,267.00
—
Prepaid Assets
—
—
424.00
+15.85%
366.00
Other Current Assets
387.00
+0.52%
385.00
-9.20%
424.00
—
Total Non Current Assets
9,565.00
-3.61%
9,923.00
-9.90%
11,013.00
—
Net PPE
6,879.00
-5.93%
7,313.00
-14.93%
8,596.00
—
Gross PPE
11,134.00
-3.10%
11,490.00
-13.15%
13,229.00
—
Accumulated Depreciation
-4,255.00
-1.87%
-4,177.00
+9.84%
-4,633.00
—
Properties
0.00
0.00
0.00
—
Land And Improvements
1,134.00
-2.91%
1,168.00
-12.44%
1,334.00
—
Buildings And Improvements
4,479.00
+0.25%
4,468.00
-11.68%
5,059.00
—
Machinery Furniture Equipment
3,385.00
-6.26%
3,611.00
-13.05%
4,153.00
—
Other Properties
2,136.00
-4.77%
2,243.00
-16.40%
2,683.00
—
Goodwill And Other Intangible Assets
1,248.00
-0.40%
1,253.00
-0.56%
1,260.00
—
Goodwill
828.00
+0.00%
828.00
+0.00%
828.00
—
Other Intangible Assets
420.00
-1.18%
425.00
-1.62%
432.00
—
Other Non Current Assets
1,438.00
+5.97%
1,357.00
+17.29%
1,157.00
—
Total Liabilities Net Minority Interest
11,378.00
-3.98%
11,850.00
-7.31%
12,784.00
—
Current Liabilities
4,493.00
-0.69%
4,524.00
-6.93%
4,861.00
—
Payables And Accrued Expenses
3,763.00
-1.18%
3,808.00
-4.35%
3,981.00
—
Payables
2,805.00
-1.79%
2,856.00
-6.45%
3,053.00
—
Accounts Payable
2,623.00
-4.48%
2,746.00
-4.45%
2,874.00
—
Current Accrued Expenses
958.00
+0.63%
952.00
+2.59%
928.00
—
Pensionand Other Post Retirement Benefit Plans Current
253.00
+4.12%
243.00
-0.82%
245.00
—
Total Tax Payable
182.00
+65.45%
110.00
-38.55%
179.00
—
Income Tax Payable
71.00
0.00
-100.00%
58.00
—
Current Debt And Capital Lease Obligation
—
6.00
-98.63%
438.00
+1.15%
433.00
Current Debt
—
6.00
—
—
Current Capital Lease Obligation
—
—
438.00
+1.15%
433.00
Current Deferred Liabilities
349.00
-1.13%
353.00
-11.53%
399.00
—
Current Deferred Revenue
349.00
-1.13%
353.00
-11.53%
399.00
—
Total Non Current Liabilities Net Minority Interest
6,885.00
-6.02%
7,326.00
-7.54%
7,923.00
—
Long Term Debt And Capital Lease Obligation
5,204.00
-8.70%
5,700.00
-4.35%
5,959.00
—
Long Term Debt
2,432.00
-12.30%
2,773.00
-7.44%
2,996.00
—
Long Term Capital Lease Obligation
2,772.00
-5.30%
2,927.00
-1.21%
2,963.00
—
Non Current Deferred Liabilities
805.00
+11.19%
724.00
-23.55%
947.00
—
Non Current Deferred Taxes Liabilities
805.00
+11.19%
724.00
-23.55%
947.00
—
Other Non Current Liabilities
876.00
-2.88%
902.00
-11.31%
1,017.00
—
Stockholders Equity
4,860.00
+6.77%
4,552.00
+11.51%
4,082.00
—
Common Stock Equity
4,860.00
+6.77%
4,552.00
+11.51%
4,082.00
—
Capital Stock
3.00
+0.00%
3.00
+0.00%
3.00
—
Common Stock
3.00
+0.00%
3.00
+0.00%
3.00
—
Share Issued
333.61
+0.00%
333.60
+0.00%
333.60
—
Ordinary Shares Number
263.00
-5.29%
277.70
+2.36%
271.30
—
Treasury Shares Number
70.61
+26.31%
55.90
-10.27%
62.30
+51.21%
41.20
Additional Paid In Capital
269.00
-10.33%
300.00
-35.76%
467.00
—
Retained Earnings
6,941.00
+6.80%
6,499.00
+3.69%
6,268.00
—
Gains Losses Not Affecting Retained Earnings
-392.00
+12.69%
-449.00
+27.35%
-618.00
—
Treasury Stock
1,961.00
+8.88%
1,801.00
-11.63%
2,038.00
—
Other Equity Adjustments
-392.00
+12.69%
-449.00
+27.35%
-618.00
—
Total Equity Gross Minority Interest
4,860.00
+6.77%
4,552.00
+11.51%
4,082.00
—
Total Capitalization
7,292.00
-0.45%
7,325.00
+3.49%
7,078.00
—
Working Capital
2,180.00
+11.51%
1,955.00
+97.08%
992.00
—
Invested Capital
7,292.00
-0.53%
7,331.00
+3.57%
7,078.00
—
Total Debt
5,204.00
-8.80%
5,706.00
-4.25%
5,959.00
—
Net Debt
1,186.00
-19.48%
1,473.00
-30.97%
2,134.00
—
Capital Lease Obligations
2,772.00
-5.30%
2,927.00
-1.21%
2,963.00
—
Net Tangible Assets
3,612.00
+9.49%
3,299.00
+16.90%
2,822.00
—
Tangible Book Value
3,612.00
+9.49%
3,299.00
+16.90%
2,822.00
—
Current Notes Payable
0.00
-100.00%
6.00
—
—
Current Provisions
128.00
+12.28%
114.00
-51.69%
236.00
—
Interest Payable
47.00
-2.08%
48.00
-5.88%
51.00
—
Line Item Trend 2026-01-31 2025-01-31 2024-01-31 2023-01-31
Operating Cash Flow
1,430.00
+11.89%
1,278.00
-2.07%
1,305.00
-19.20%
1,615.00
Cash Flow From Continuing Operating Activities
1,430.00
+11.89%
1,278.00
-2.07%
1,305.00
-19.20%
1,615.00
Net Income From Continuing Operations
642.00
+10.31%
582.00
+1193.33%
45.00
-96.07%
1,146.00
Depreciation Amortization Depletion
894.00
+1.48%
881.00
-1.78%
897.00
+4.67%
857.00
Depreciation And Amortization
894.00
+1.48%
881.00
-1.78%
897.00
+4.67%
857.00
Other Non Cash Items
8.00
-27.27%
11.00
+10.00%
10.00
-9.09%
11.00
Pension And Employee Benefit Expense
69.00
+43.75%
48.00
-65.22%
138.00
+146.43%
56.00
Stock Based Compensation
59.00
+1.72%
58.00
+23.40%
47.00
-12.96%
54.00
Asset Impairment Charge
230.00
+34.50%
171.00
-83.35%
1,027.00
+2404.88%
41.00
Deferred Tax
62.00
+219.23%
-52.00
+78.69%
-244.00
-542.11%
-38.00
Deferred Income Tax
62.00
+219.23%
-52.00
+78.69%
-244.00
-542.11%
-38.00
Operating Gains Losses
21.00
+121.88%
-96.00
-224.68%
77.00
+333.33%
-33.00
Gain Loss On Investment Securities
-48.00
+66.67%
-144.00
-136.07%
-61.00
+31.46%
-89.00
Change In Working Capital
-486.00
-75.45%
-277.00
+50.00%
-554.00
-30.97%
-423.00
Change In Receivables
-325.00
-16350.00%
2.00
-71.43%
7.00
+333.33%
-3.00
Change In Inventory
51.00
+200.00%
-51.00
+48.48%
-99.00
-185.34%
116.00
Change In Prepaid Assets
-13.00
-218.18%
11.00
-38.89%
18.00
+127.27%
-66.00
Change In Payables And Accrued Expense
-157.00
-161.67%
-60.00
+84.17%
-379.00
-44.66%
-262.00
Change In Payable
-157.00
-161.67%
-60.00
+84.17%
-379.00
-44.66%
-262.00
Change In Account Payable
-157.00
-161.67%
-60.00
+84.17%
-379.00
-44.66%
-262.00
Change In Other Working Capital
-42.00
+76.54%
-179.00
-77.23%
-101.00
+51.44%
-208.00
Investing Cash Flow
-639.00
-7.94%
-592.00
+35.16%
-913.00
+21.90%
-1,169.00
Cash Flow From Continuing Investing Activities
-639.00
-7.94%
-592.00
+35.16%
-913.00
+21.90%
-1,169.00
Net PPE Purchase And Sale
-266.00
-13.19%
-235.00
+56.88%
-545.00
+27.43%
-751.00
Purchase Of PPE
-373.00
+27.99%
-518.00
+17.91%
-631.00
+28.94%
-888.00
Sale Of PPE
107.00
-62.19%
283.00
+229.07%
86.00
-37.23%
137.00
Capital Expenditure
-740.00
+16.10%
-882.00
+11.18%
-993.00
+23.32%
-1,295.00
Capital Expenditure Reported
-367.00
-0.82%
-364.00
-0.55%
-362.00
+11.06%
-407.00
Net Intangibles Purchase And Sale
—
—
—
-407.00
Purchase Of Intangibles
—
—
—
-407.00
Net Other Investing Changes
-6.00
-185.71%
7.00
+216.67%
-6.00
+45.45%
-11.00
Financing Cash Flow
-852.00
-106.30%
-413.00
-87.73%
-220.00
+83.02%
-1,296.00
Cash Flow From Continuing Financing Activities
-852.00
-106.30%
-413.00
-87.73%
-220.00
+83.02%
-1,296.00
Net Issuance Payments Of Debt
-346.00
-55.16%
-223.00
-11050.00%
-2.00
+99.31%
-291.00
Issuance Of Debt
500.00
+66.11%
301.00
-68.68%
961.00
-65.79%
2,809.00
Repayment Of Debt
-846.00
-61.45%
-524.00
+45.59%
-963.00
+68.94%
-3,100.00
Long Term Debt Issuance
500.00
+66.11%
301.00
-68.68%
961.00
-65.79%
2,809.00
Long Term Debt Payments
-846.00
-61.45%
-524.00
+45.59%
-963.00
+68.94%
-3,100.00
Net Long Term Debt Issuance
-346.00
-55.16%
-223.00
-11050.00%
-2.00
+99.31%
-291.00
Net Common Stock Issuance
-250.00
-24900.00%
-1.00
+97.37%
-38.00
+93.68%
-601.00
Common Stock Payments
-250.00
-24900.00%
-1.00
+97.37%
-38.00
+93.68%
-601.00
Common Stock Dividend Paid
-197.00
-2.60%
-192.00
-6.08%
-181.00
-4.62%
-173.00
Cash Dividends Paid
-197.00
-2.60%
-192.00
-6.08%
-181.00
-4.62%
-173.00
Repurchase Of Capital Stock
-250.00
-24900.00%
-1.00
+97.37%
-38.00
+93.68%
-601.00
Net Other Financing Charges
-59.00
-2066.67%
3.00
+200.00%
1.00
+100.43%
-231.00
Changes In Cash
-61.00
-122.34%
273.00
+58.72%
172.00
+120.24%
-850.00
Beginning Cash Position
1,310.00
+26.33%
1,037.00
+19.88%
865.00
-49.56%
1,715.00
End Cash Position
1,249.00
-4.66%
1,310.00
+26.33%
1,037.00
+19.88%
865.00
Free Cash Flow
690.00
+74.24%
396.00
+26.92%
312.00
-2.50%
320.00
Interest Paid Supplemental Data
167.00
+7.74%
155.00
-1.27%
157.00
-16.49%
188.00
Income Tax Paid Supplemental Data
—
304.00
+26.67%
240.00
-47.25%
455.00
Change In Income Tax Payable
—
—
—
—
Change In Tax Payable
—
—
—
—
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
SEC Filings

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

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