에 대한 최신 뉴스 Macy's (NYSE:M) 주식

Macy's

Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and more than 160 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 62% of Macy's 2023 sales.

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Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Macy's, presenting an average target of $16.62, a high estimate of $20.00, and a low estimate of $9.00. This current average reflects an increase of 0.3% from the previous average price target of $16.57. 
<img src="https://www.benzinga.com/files/images/story/2025/1736856053_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Macy's among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Chuck Grom</td>
<td>Gordon Haskett</td>
<td>Announces</td>
<td>Buy</td>
<td>$20.00</td>
<td>-</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Sell</td>
<td>$9.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Macy's. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Macy's compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Macy's's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/M/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Macy's analyst ratings.</a>
<h2>Unveiling the Story Behind Macy's</h2>
Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and more than 160 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 62% of Macy's 2023 sales.
<h3>A Deep Dive into Macy's's Financials</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Negative Revenue Trend: Examining Macy's's financials over 3 months reveals challenges. As of 31 October, 2024, the company experienced a decline of approximately -2.68% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Macy's's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Macy's's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.66%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Macy's's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.17%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Macy's's debt-to-equity ratio is below the industry average at 1.4, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Beyond The Numbers: 8 Analysts Discuss Macy's Stock

Telsey Advisory Group analyst Dana Telsey maintains Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) with a Market Perform and maintains $17 price target.

Price Target

Telsey Advisory Group Maintains Market Perform on Macy's, Maintains $17 Price Target

WIIM

Macy's shares are trading lower after the company provided a Q4 business update and net sales guidance at or slightly below the estimate.

Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) shares are trading lower in premarket on Monday after the Department store chain provided an update on its <a href="https://www.benzinga.com/pressreleases/25/01/b42940781/macys-inc-provides-fourth-quarter-2024-update">fiscal fourth-quarter guidance.</a>
The company expects fourth-quarter net sales to reach, or slightly fall below, the lower end of the previously projected outlook of $7.8 billion &#8211; $8.0 billion and compared to the estimate of $7.885 billion.
The company now anticipates its adjusted earnings per share for the fourth quarter to remain within its earlier forecast of $1.40 &#8211; $1.65 <a href="https://www.benzinga.com/calendars/guidance">against the estimate of $1.57.</a>
The retailer reported quarter-to-date&nbsp;comparable sales growth in its go-forward business, including Macy&#8217;s First 50 locations and luxury brands like Bloomingdale&#8217;s and Bluemercury.
Digital sales also saw an uptick in comparable sales for the period. However, Macy&#8217;s comparable sales&nbsp;were roughly flat quarter-to-date&nbsp;with non-First 50 locations, including non-go-forward locations, performing below expectations and generating negative comparable sales.
Also Read: <a target="_blank" href="http://British Retail Giant Marks &amp; Spencer Warns Of Economic Challenges Despite Strong Sales Growth In Food And Retail" rel="noreferrer noopener">British Retail Giant Marks &amp; Spencer Warns Of Economic Challenges Despite Strong Sales Growth In Food And Retail</a>
Macy&#8217;s outlook comes amid a push to build momentum through its &#8220;Bold New Chapter&#8221; strategy. Announced in February 2024, this strategy aims to improve profitability by eliminating underperforming locations and focusing resources on its <a target="_blank" href="https://www.benzinga.com/25/01/42908403/macys-shuts-down-66-locations-to-boost-profitability" rel="noreferrer noopener">more successful stores</a>.
Tony Spring, chairman and CEO of Macy&#8217;s, said, &#8220;Reflecting ongoing positive response to Macy&#8217;s First 50 locations, we are excited to expand initiatives to an additional 75 Macy&#8217;s locations in Fiscal 2025.&#8221;
&#8220;We are well-positioned to build momentum with a stronger Macy&#8217;s store fleet and our teams focused on the successful execution of the three pillars of our Bold New Chapter strategy.&#8221;
Macy&#8217;s plans to release its fourth-quarter and year-end results in early March 2025.
Price Action: M shares are trading lower by 1.71% at $15.57 in premarket on the last check Monday.
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Photo via Shutterstock.

Equities

Guidance

Movers

General

Why Is Department Store Chain Macy's Stock Sliding Today?

Macy's, Inc. comparable sales2 were roughly flat quarter-to-date with Macy's non-First 50 locations, inclusive of non-go-forward locations, performing below expectations and generating negative comparable sales.
The company expects to report full results for the fourth quarter and fiscal year 2024 in early March 2025. &nbsp;

Macy's Expects Q4 Adjusted EPS To Be In-line With Previously Issued Range Of $1.40 - $1.65 (Est $1.57) And Net Sales To Be At, To Slightly Below,  Low-end Of Prior Range Of $7.8B - $8.0B (Est $7.885B)

Department store chain Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) confirmed the closure of 66 stores as part of its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42902275/macys-inc-confirms-planned-macys-store-closures" rel="noreferrer noopener">&#8220;Bold New Chapter&#8221; strategy</a>.
Announced in February 2024, this strategy aims to improve profitability by eliminating underperforming locations and focusing resources on its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37331065/macys-inc-reports-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">more successful stores</a>.
The closures are part of a broader plan to shutter approximately <a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37336140/macys-q4-sales-slightly-sour-talks-bold-new-strategy-of-150-store-closures-in-two-years" rel="noreferrer noopener">150 unproductive stores</a> in three years while investing in its 350 go-forward locations through 2026.
The decision comes as the company seeks to adapt to the evolving retail landscape, where consumers demand both seamless in-store and online shopping experiences.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/01/42897109/british-retail-giant-marks-spencer-warns-of-economic-challenges-despite-strong-sales-growth-in-food-and-retail" rel="noreferrer noopener">British Retail Giant Marks &amp; Spencer Warns Of Economic Challenges Despite Strong Sales Growth In Food And Retail</a>
&#8220;Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy&#8217;s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service,&#8221; said Chairman and CEO Tony Spring.
In December, Macy&#8217;s disclosed the results of its investigation into a major accounting error that affected its financial <a target="_blank" href="https://www.benzinga.com/news/24/12/42450838/macys-employee-hid-151-million-in-costs-over-several-years" rel="noreferrer noopener">reporting for multiple years</a>.
As a result, a single employee&#8217;s recurring mistakes and subsequent attempts to conceal them resulted in $151 million worth of expenses being falsely recorded.
Following the accounting scandal, the company slashed its FY24 <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42436387/macys-lowers-annual-profit-forecast-amid-accounting-misstep-stock-tumbles" rel="noreferrer noopener">adjusted EPS and sales guidance.</a>
Price Action: M shares are trading lower by 0.50% at $15.95 in premarket at the last check Friday.
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Photo via Shutterstock.

Macy's Shuts Down 66 Locations As Part Of New Chapter Strategy

JP Morgan analyst Matthew Boss maintains Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) with a Overweight and lowers the price target from $21 to $20.

JP Morgan Maintains Overweight on Macy's, Lowers Price Target to $20

Consumers were focused on value in 2024 as inflation drove many shoppers to stretch their dollars, cut back on unnecessary purchases, and trade down to less expensive alternatives. Here's a look at emerging trends that could drive consumer <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42686215/2025-crypto-policy-preview-warns-clarity-will-come-from-congress-not-the-sec">behavior in 2025. </a>
Bulk Buyers: Wholesale clubs like Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) and Sam's Club are gaining popularity as consumers are spending less time at traditional grocery stores. According to data from Placer.ai, the share of traditional grocery store visitors who also visited a Costco at least three times during the third quarter grew across chains.
The wholesale clubs are also benefitting from Millennials who have reached the family-rearing stage and are looking to purchase larger quantities at lower prices.
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Restaurant Innovation: Placer.ai sees fast food and quick-serve restaurants leaning further into robotics to streamline service and lower costs in 2025.&nbsp;&nbsp;
Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) recently unveiled the "Autocado" avocado-peeling robot at a California location. The Autocado location is drawing 10% more visits than other locations in the same metro area and has reduced customer wait times with 43.9% of visits lasting less than 10 minutes.&nbsp;
McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is also testing the waters with its first &#8211; almost &#8211; fully automated, takeaway-only restaurant in Texas where customers order at self-serve kiosks and orders are delivered by robots. Humans are still preparing the food, but the customer experience is interaction-free.&nbsp;
Small-Format Stores: Retailers are rethinking store formats as a smaller footprint can make stores more accessible, reduce costs and allow new locations in smaller growth markets.&nbsp;
Macy's, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) announced a turnaround plan in 2024 that includes a pivot towards smaller-format Macy's locations. Macy's also continues to expand its highly-curated, small-format Bloomie's concept, which features a mix of established and trendy pop-up brands tailored to local preferences.
The smaller, more accessible Macy's locations drew a higher share of weekday visitors and local customers than Macy's traditional stores in the third quarter of 2024, according to Placer.ai.  
Dollar Dips: The new year may bring a slower rate of growth to discount and dollar stores like Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) and Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>).&nbsp;
Placer.ai's data shows the average number of visits to each discount and dollar store location remained essentially flat compared to 2023, while visits to superstores and grocery stores grew by 2.8% and 1%, respectively.&nbsp;
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Image: Shutterstock

Retail Sales

Restaurants

DLTR

Fast-Food Robots, Smaller Stores, Wholesale Clubs: 2025 Retail Trends To Watch

Foot traffic at retailers soared on Dec. 21, the Saturday before Christmas. Here's a look at the potential winners from the last week <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42273676/walmart-target-bath-body-works-stand-out-as-black-friday-winners-analysts">of holiday shopping.</a>
What Happened: Foot traffic at retailers was up an average of 58% compared to daily averages in 2024, a trend that could see retail stocks benefit for the 2024 <a href="https://www.benzinga.com/news/24/11/42247997/walmart-shoppers-shun-electronics-for-black-friday-deals-on-eggs-bread-slippers">holiday shopping season.</a>
The 58% gain to the daily average, <a href="https://www.placer.ai/blog/super-saturday-2024-recap">reported </a>by Placer.ai, is higher than the 51.1% gain over the daily average seen on Black Friday. Sunday, Dec. 22, also saw retail foot traffic up 38.2% to the daily average.
While foot traffic was up compared to the daily average for the year, the 58% gain was smaller than last year's Super Saturday, which saw a 74.4% increase from the daily average. The caveat with last year's data is that Super Saturday was Dec. 23, one of the last remaining shopping days before Christmas.
Among the potential biggest winners for this year's Christmas shopping season could be department stores, based on the report.
Overall foot traffic to department stores was up 128.7% compared to the Saturday 2024 daily average, surpassing last year&#8217;s 119.4% increase over the 2023 Saturday average.
Among the department stores tracked by Placer.ai, these were the year-over-year visit growth:
<ul>
<li>Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>): +8.8%</li>
<li>Bloomingdale's, a unit of Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>): +4.7%</li>
<li>JCPenney: +1.3%</li>
</ul>
The report also found that recreational and sporting goods stores, beauty and self-care stores and other specialty categories saw strong traffic gains. Here's a look at some of the retailers tracked and the foot traffic gains on a year-over-year basis to last year's Super Saturday:
<ul>
<li>Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>): +7.3%</li>
<li>T.J. Maxx, a unit of TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>): +4.6%</li>
<li>Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>): +4.2%</li>
</ul>
The report found that superstores, grocery stores, and discount retailers saw lower year-over-year growth due to last year's timing of Super Saturday being so close to Christmas.
Indoor shopping malls like those owned by Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) may have also benefitted from Super Saturday. Placer.ai data shows that foot traffic to indoor malls was up 177.1% on Super Saturday compared to the 2024 daily average.
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Why It's Important: Ahead of Super Saturday, the National Retail Foundation <a href="https://nrf.com/media-center/press-releases/157-million-consumers-to-shop-on-super-saturday">estimated </a>that 157.2 million consumers would shop on the shopping holiday based on an annual survey.
The figure comes in higher than the 141.9 million Super Saturday shoppers in 2024 and is the second highest figure over the last nine years, trailing only 158.5 million in 2022.
"Super Saturday is one of the last opportunities during the holiday season for consumers to get the remaining items on their shopping list," NRF Vice President of Industry and Consumer Insights Katherine Cullen said.
Cullen cited the shortened holiday shopping season, due to Thanksgiving falling late in November, boosting the odds of last-minute shoppers.
The survey found that 69.5 million people plan to shop both in-store and online, up from 58.3 million in 2023. The amount of people exclusively shopping in-store was down in the survey from 37% to 31%, while the percentage of people who said they would shop exclusively online increased from 22% to 24%.
Similar to the results above, the NRF survey highlighted department stores as potential winners on Super Saturday, with 37% of shoppers saying they planned to finish their holiday shopping there.
Finishing shopping online was the most popular response at 49%, with discount stores named by 27% of consumers and clothing and accessory stores named by 25% of consumers.
The NRF survey found the most popular gift purchases were clothing and accessories (50%), toys (32%), gift cards (26%) and books, video games and other media (24%).
The shortened holiday shopping season could have been good for retailers with more foot traffic each day and especially on the weekends. The key will be if the daily increase is enough to offset the lower number of total shopping days between Thanksgiving and Christmas.
The post-Christmas shopping time could also see a boost, with 71% of consumers in the survey saying they planned to shop after Christmas, similar to last year's survey.
NRF estimates that the entire holiday shopping season of Nov. 1 through Dec. 31 is expected to be up 2.5% to 3% from 2024, hitting a record range of $979.5 billion to $989 billion.
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</ul>
Photo: Shutterstock

Super Saturday Foot Traffic Surges, Sales Hit $157 Million: Potential Winners Emerge

BOOT

ULTA

Shares of retail stocks are trading higher in possible reaction to Mastercard SpendingPulse data, which showed US retail sales grew 3.8% in the holiday season.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>B of A Securities analyst Andrew Obin upgraded the rating for AMETEK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AME#NYSE">AME</a>) from Neutral to Buy and raised the price target from $195 to $225. AMETEK shares closed at $187.38 on Friday. See how other analysts view this stock.</li>
<li>JP Morgan analyst Samik Chatterjee upgraded NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) from Neutral to Overweight and announced a $160 price target. NetApp shares closed at $121.95 on Friday. <a href="https://www.benzinga.com/quote/NTAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Gordon Haskett analyst Chuck Grom upgraded the rating for Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) from Hold to Buy and announced a $20 price target. Macy&#8217;s shares closed at $16.56 on Friday. See how other analysts view this stock.</li>
<li>Mizuho analyst Nitin Kumar upgraded ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) from Neutral to Outperform and boosted the price target from $132 to $134. ConocoPhillips shares closed at $101.02 on Friday. <a href="https://www.benzinga.com/quote/COP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Exane BNP Paribas analyst Andy Grobler upgraded the rating for Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) from Neutral to Outperform and announced a $305 price target. Equifax shares closed at $265.81 on Friday. <a href="https://www.benzinga.com/quote/EFX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying COP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="582" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122-1024x582.png" alt="" class="wp-image-693623" style="width:616px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122-1024x582.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122-768x436.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Upgrades

NTAP

This ConocoPhillips Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Gordon Haskett analyst Chuck Grom upgrades Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) from Hold to Buy and announces $20 price target.

Gordon Haskett Upgrades Macy's to Buy, Announces $20 Price Target

Macy&#8217;s Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) reported third-quarter financial results on Wednesday. Analysts are largely encouraged by the company&#8217;s progress, but remain cautious <a href="https://www.benzinga.com/news/24/12/42450838/macys-employee-hid-151-million-in-costs-over-several-years">due to margin pressures</a>.
What Happened: Macy&#8217;s reported strong headline results for the third quarter, beating analyst estimates for revenue and adjusted earnings. However, margin pressures pushed the company to lower its earnings guidance, which has analysts exercising caution in the wake of the report.
&#8220;M slightly raised its sales outlook for the year while reducing expectations for gross margin and leaving its SG&amp;A outlook largely intact, reflecting continued macro challenges, including discerning consumer spending and elevated promotional activity along with incremental delivery expense following its investigation of accounting irregularities,&#8221; Telsey Advisory Group analyst Dana Telsey said in a new note to clients.
While preparing the company&#8217;s quarterly report, Macy&#8217;s identified an issue related to delivery expenses in one of its accounts and initiated an independent investigation. The company determined that a single employee intentionally made erroneous accounting entries to hide approximately $151 million of cumulative delivery expenses.
Telsey expressed optimism about Macy&#8217;s turnaround plans involving closing underperforming stores and investing in high potential locations. The analyst believes the strategy is &#8220;reasonable&#8221; and makes sense given the structural shifts at the company.
&#8220;However, with visibility limited in the near term as macro pressures weigh, Macy&#8217;s is still facing challenges while operating in a competitive promotional space against an uncertain macro-operating environment with traffic challenges to the category,&#8221; the Telsey Advisory analyst said.
Telsey lowered earnings estimates for full-year 2024 and full-year 2025, and maintained Macy&#8217;s with a Market Perform rating and price target of $17.
Check This Out: <a href="https://www.benzinga.com/news/24/12/42450838/macys-employee-hid-151-million-in-costs-over-several-years">Macy&#8217;s Employee Hid $151 Million In Costs Over Several Years</a>
Analysts at Goldman Sachs also pointed to mounting margin pressure driven by a heightened promotional environment and higher clearance rates on cold weather products. 
Goldman analyst Brooke Roach applauded management&#8217;s plans to close stores and focus on test initiatives at First 50 locations. The analyst believes the strategy shift could mark an inflection point for comparable growth and EBITDA expansion in 2025.
&#8220;That said, we continue to closely watch M's inventory control and gross margin delivery, as this has underperformed our expectations this year and has resulted in several consecutive cuts to guidance as a result of a more value-focused consumer overall,&#8221; Roach said.
Goldman maintained a Buy rating on Macy&#8217;s despite margin concerns, as the firm expects quarterly results to improve sequentially moving forward, driven by the holiday season, store closures and the cycling of specific margin pressures such as the recently completed delivery expense investigation.
Guggenheim analyst Robert Drbul reiterated a Neutral rating following the print as he is encouraged by the strategic direction of the company, but the analyst lowered earnings estimates on expectations of a heightened promotional environment, paired with potential small packaged expense revisions. 
The Guggenheim analyst believes Macy&#8217;s will be able to close 65 stores this year given the favorable deal-making real estate environment, up from prior estimates of 55 store closures. 
&#8220;While we are encouraged by store optimization and its magnitude, as we believe it will not only be beneficial for Macy&#8217;s but for the overall industry, we await the traction of this initiative into &#8217;25 and reiterate our Neutral rating,&#8221; Drbul said.
M Price Action: Macy&#8217;s shares were down 1.93% at $16.26 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: courtesy of Macy&#8217;s.

Analyst Color

Macy's Analysts Remain Cautious After Q3 Earnings: 'Visibility Limited In The Near Term'

Guggenheim analyst Robert Drbul reiterates Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) from Neutral to Neutral.

Reiteration

Guggenheim Reiterates Neutral on Macy'sto Neutral

Analysts' ratings for Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $16.75, along with a high estimate of $17.00 and a low estimate of $16.00. This current average represents a 1.47% decrease from the previous average price target of $17.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1734008558_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Macy's. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Macy's. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Macy's compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Macy's's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Macy's's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/M/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Macy's analyst ratings.</a>
<h2>Delving into Macy's's Background</h2>
Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 157 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.
<h3>Macy's: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Macy's faced challenges, resulting in a decline of approximately -3.48% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Macy's's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 2.94%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Macy's's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.53%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Macy's's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.93%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.4.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Comments

Macy's

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에 대한 최신 뉴스 Macy's (NYSE:M) 주식

금요일, 12월 27, 2024

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수요일, 12월 11, 2024

화요일, 12월 10, 2024

월요일, 11월 25, 2024

금요일, 11월 15, 2024

화요일, 8월 06, 2024

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일요일, 4월 14, 2024

사람들이 또한 지켜본다

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