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4-Traders Homepage  >  Equities  >  Nyse  >  Macy's    M

MACY'S (M)
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Macy : Ho Ho Hum?

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11/10/2017 | 06:13pm CET

Macy's reported difficulty pulling shoppers through its door in its most recent quarter, underscoring just how challenging the holiday shopping season will be for some retailers.

A number of retailers are struggling with weak sales due to tough competition online.

Macy's revenue at stores open at least a year - a key indicator of performance - fell for the 11th straight quarter. Still, its third-quarter earnings more than doubled as it cut costs by eliminating jobs and closing some locations. That cheered investors, who sent Macy's shares up 11 percent Thursday.

It's been a tough year for retail overall, with store closings on pace to top the worst year of the recession and several well-known chains filing for bankruptcy protection. Mall shopping is down, and that hits department store chains particularly hard. That means the upcoming holiday season is even more critical than usual for retailers.

© © Copyright 2017, The News & Advance, Lynchburg, VA, source Newspapers

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Financials ($)
Sales 2018 24 822 M
EBIT 2018 2 000 M
Net income 2018 1 043 M
Debt 2018 4 652 M
Yield 2018 5,94%
P/E ratio 2018 7,83
P/E ratio 2019 9,03
EV / Sales 2018 0,51x
EV / Sales 2019 0,50x
Capitalization 7 998 M
Chart MACY'S
Duration : Period :
Macy's Technical Analysis Chart | M | US55616P1049 | 4-Traders
Technical analysis trends MACY'S
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 26,7 $
Spread / Average Target 1,6%
EPS Revisions
Managers
NameTitle
Jeffrey Gennette Chairman & Chief Executive Officer
Harry A. Lawton President
Robert B. Harrison Chief Omnichannel & Operations Officer
Karen M. Hoguet Chief Financial Officer
Sara L. Levinson Independent Non-Employee Director
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