How many stores does Macy's have?
Founded in 1858, Macy's operates nearly 600 stores under the Macy's brand, 56 stores under the Bloomingdale's brand, and about 160 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait.
Does Macy's have an e-commerce store?
Macy's also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 58% of Macy's 2020 sales. The retailer recently consolidated its headquarters in New York City.
Does Macy's own Bloomingdales?
Macy's also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 58% of Macy's 2020 sales.
What's happening with Macy's small-format stores?
On July 20, Macy's ( M -1.93%) announced an acceleration in the growth of its off-mall, small-format stores. That's great news for the long-established retailer that was devastated at the early stages of the pandemic when it was forced to close its stores to in-person shopping.
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How high will Macy's stock go?
Stock Price Forecast The 13 analysts offering 12-month price forecasts for Macy's Inc have a median target of 28.00, with a high estimate of 36.00 and a low estimate of 13.00. The median estimate represents a +54.74% increase from the last price of 18.10.
Is Macy's stock being shorted?
The chart has 1 X axis displaying Time. Range: 2022-07-01 09:23:42 to 2022-07-01 20:05:17....Macy's Inc.Volume14.47MShort Interest34.98M (06/15/22)Short Interest Change34.98MPercent of Float13.01%8 more rows
Who owns Macy's stock?
Top 10 Owners of Macy's IncStockholderStakeShares ownedBlackRock Fund Advisors11.49%30,993,456The Vanguard Group, Inc.11.13%30,021,708SSgA Funds Management, Inc.4.34%11,698,541Arrowstreet Capital LP3.75%10,106,0736 more rows
Is M stock a buy?
The consensus among 10 Wall Street analysts covering (NYSE: M) stock is to Hold M stock. Out of 10 analysts, 1 (10%) are recommending M as a Strong Buy, 2 (20%) are recommending M as a Buy, 5 (50%) are recommending M as a Hold, 2 (20%) are recommending M as a Sell, and 0 (0%) are recommending M as a Strong Sell.
Is Macy's a good investment?
The department store chain's impressive rebound from the COVID-19 pandemic -- along with some investors' enthusiasm about a potential spinoff of its e-commerce business -- helped Macy's stock surge as high as $37.95 last fall, up from less than $20 at the beginning of 2020.
Should I invest in Macys?
We are upgrading our rating on Macy's (NYSE:M) to Buy again, mostly based on valuation, but also thanks to decent guidance provided by the company for this year. Since our previous downgrade, shares have had a total negative return of roughly -21%, while the S&P 500 returned -3.78%.
Who is Macy's biggest competitor?
Answer: Macy's biggest retail competitor is Walmart, while the biggest department store competitor is Kohl's.
What happened to Macys?
The closures are part of Macy's three-year plan to close one-fifth of its stores, or roughly 125 locations, which was first announced before the coronavirus pandemic in February 2020. The pandemic led Macy's and other retailers to temporarily close stores for in-person shopping for months.
What companies does Macy's own?
About Macy's, Inc. Headquartered in New York City, the company comprises three retail brands: Macy's, Bloomingdale's and Bluemercury.
What is Macy's Beta?
Performance OutlookMarket Cap4.933BBeta (5Y Monthly)1.85PE Ratio (TTM)3.51EPS (TTM)5.21Earnings DateAug 17, 2022 - Aug 22, 20223 more rows
How many shares of Macy's are there?
Share StatisticsAvg Vol (3 month) 314.45MShares Outstanding 5269.73MImplied Shares Outstanding 6N/AFloat 8264.62M% Held by Insiders 10.30%7 more rows
Is Ford stock a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows