Is Macy’s struggling?
Aug 15, 2018 · M. JWN. Shares of Macy’s M fell a significant 16% for the day after reporting its earnings Wednesday before the bell. The massive drop may be a bit surprising as the results for the company’s ...
Is Macy’s the worst stock to buy in 2018?
Aug 15, 2018 · Shares of Macy's (M) fell a significant 16% for the day after reporting its earnings Wednesday before the bell. Here's why investors might …
What happened to Macy’s second-quarter earnings?
Aug 15, 2018 · Shares of Macy's M fell a significant 16% for the day after reporting its earnings Wednesday before the bell. The massive drop may be a bit.
Is Macy a good stock to buy?
Is Macy's in financial trouble?
Will Macy's stock go up?
Why did Macy's stock jump today?
Is Macy's a stable company?
What is happening to Macys?
Is Macy's a buy sell or hold?
Is Macy's a buy or sell?
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.97% |
| 2 | Buy | 18.45% |
| 3 | Hold | 10.03% |
| 4 | Sell | 5.70% |
Is Macy's stock overvalued?
What is Macy's target price?
| High | $50.00 |
|---|---|
| Median | $30.00 |
| Low | $20.00 |
| Average | $31.77 |
| Current Price | $24.27 |
When did Macy's go public?
Is Macy's stock down?
Is Macy's struggling?
Macy’s stock is down 50% in 2019 , markedly lagging the rest of the S&P 500 since January. In fact, Macy’s is one of the worst performers in the index so far this year. The stock currently trades near $15 per share, down from its $40 high in 2018.
Does Macy's have women shoppers?
The department store giant is struggling to find its foot ing amid a larger slowdown in retail. Topline: Macy’s—the largest department store in the U.S.—has struggled in recent years thanks to a declining retail industry and now global trade pressures. Although the outlook going forward is far from rosy, the company is cutting costs ...
The department store chain fell after cautious comments from management
Macy’s identifies women shoppers younger than 40 as a key growth “opportunity” to improve its sales. The company has also spent heavily on updating and remodeling its stores, making more of a switch to digital features and an online business.
What happened
As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.
So what
Shares of Macy's Inc. ( NYSE:M) declined 8.2% Tuesday after the company stated its fiscal second-quarter gross margin could arrive below expectations.
Now what
Speaking during a scheduled investor meeting this morning, Macy's CFO Karen Hoguet noted that gross margin in the current quarter is now expected to drop roughly 60 to 80 basis points from the same year-ago period.
What happened
To be fair, Hoguet also noted today that Macy's can still achieve its full-year 2017 financial guidance, especially as the company continues its expense reduction efforts.
So what
Shares of Macy's ( NYSE:M) were down on Wednesday, after a report that the company is working on a deal to pledge assets in return for as much as $5 billion in emergency financing to weather the coronavirus pandemic.
Now what
The cash-crunched retailer is looking to raise as much as $5 billion via new secured debt offerings, CNBC reported before the markets opened on Wednesday.
On a down day for the market, a possible short squeeze may have lifted the department store chain
Macy's was in the midst of a restructuring effort before the outbreak of the COVID-19 virus, with plans to close 125 stores over the next three years. The company has already drawn down its existing credit line, adding $1.5 billion to its balance sheet.
What happened
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So what
On a bizarre day in the market, shares of Macy's ( NYSE:M) were flying higher today while the rest of the market was crumbling.
Now what
While revenue plunged 36% to $3.56 billion, that managed to beat the analyst consensus of $3.47 billion, and management said that sales were better than anticipated at all three brands -- Macy's, Bloomingdale's, and BlueMercury -- as it recovered from the depths of the crisis in March and April.
