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Last $67.33 USD
Change Today -0.78 / -1.15%
Volume 4.0M
M On Other Exchanges
Symbol
Exchange
New York
Munich
Mexico
As of 8:04 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

macy's inc (M) Snapshot

Open
$68.03
Previous Close
$68.11
Day High
$68.14
Day Low
$67.28
52 Week High
04/8/15 - $69.98
52 Week Low
10/13/14 - $54.84
Market Cap
23.0B
Average Volume 10 Days
8.2M
EPS TTM
$4.42
Shares Outstanding
341.6M
EX-Date
06/11/15
P/E TM
15.2x
Dividend
$1.44
Dividend Yield
1.86%
Current Stock Chart for MACY'S INC (M)

macy's inc (M) Details

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates Bloomingdale’s Outlet stores that offer a range of apparel and accessories, including women's ready-to-wear, fashion accessories, jewelry, handbags, and intimate apparel, as well as men's, children's, and women's shoes. As of April 28, 2015, it operated approximately 885 stores under the Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, and Bluemercury names in 45 states, the District of Columbia, Guam, and Puerto Rico. In addition, it operates as a beauty products and spa retailer; and macys.com, bloomingdales.com, and bluemercury.com Websites. 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 headquartered in Cincinnati, Ohio.

166,900 Employees
Last Reported Date: 04/1/15
Founded in 1830

macy's inc (M) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.6M
President
Total Annual Compensation: $937.5K
Chief Financial Officer
Total Annual Compensation: $895.8K
Chief for International Business Development
Total Annual Compensation: $857.5K
Chief Innovation and Business Development Off...
Total Annual Compensation: $895.8K
Compensation as of Fiscal Year 2014.

macy's inc (M) Key Developments

Macy's, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

Macy's, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net sales were $6,232 million against $6,279 million a year ago. Operating income was $409 million against $443 million a year ago. Income before income taxes was $314 million against $343 million a year ago. Net income was $193 million against $224 million a year ago. Diluted earnings per share were $0.56 against $0.60 a year ago. Net cash provided by operating activities was $53 million against $174 million a year ago. Purchase of property and equipment was $180 million against $151 a year ago. a year ago. Capitalized software was $63 million against $49 million a year ago. The results hurt by delayed shipments and lower tourist spending. Comparable sales on an owned plus licensed basis were down by 0.1%. On an owned basis, the comparable sales declined by 0.7%. Sales were negatively affected by lower levels of spending by international tourists visiting major U.S. cities with Macy's and Bloomingdale's stores, including New York City, Chicago, Las Vegas and San Francisco. The company continues to expect comparable sales growth on an owned plus licensed basis of approximately 2% in fiscal 2015, with comparable sales slightly lower on an owned basis. The company continues to expect total sales growth of approximately 1% in 2015. The company also reiterated its guidance for earnings per diluted share in fiscal 2015 of $4.70 to $4.80. The company expects effective tax rate to be approximately 37%.

Macy’s, Inc. Declares Quarterly Dividend, Payable on July 1, 2015

Macy’s, Inc.’s board of directors has authorized an increase in the quarterly dividend on Macy's common stock to 36 cents per share from the current 31.25 cents per share. The new dividend will be payable July 1, 2015, to shareholders of record at the close of business on June 15, 2015.

Macy's to Open Four Off-Price Stores in Metro New York City

Macy's, Inc. announced the opening of the first four pilot stores in its new off-price business, in fall 2015, in metro New York City. To be called Macy's Backstage, the four off-price stores will average about 30,000 square feet and offer a compelling assortment of women's, men's and children's apparel, shoes, fashion accessories, housewares, home textiles, intimate apparel and jewelry. Each store also will include amenities, such as free WiFi and a suite of spacious fitting rooms. One location will test a cafe concept so customers can relax and refresh. Merchandise will include clearance goods from Macy's stores, as well as special buys from well-recognized fashion brands all at exceptionally great values, often between 20% to 80% off of original and comparable prices for similar merchandise.

 

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Industry Analysis

M

Industry Average

Valuation M Industry Range
Price/Earnings 16.2x
Price/Sales 0.8x
Price/Book 4.4x
Price/Cash Flow 15.6x
TEV/Sales 0.5x
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