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

MACY'S INC (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 24 669 M
EBIT 2018 1 952 M
Net income 2018 1 008 M
Debt 2018 4 676 M
Yield 2018 7,50%
P/E ratio 2018 6,33
P/E ratio 2019 7,98
EV / Sales 2018 0,45x
EV / Sales 2019 0,44x
Capitalization 6 335 M
Chart MACY'S INC
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Macy's Inc Technical Analysis Chart | M | US55616P1049 | 4-Traders
Technical analysis trends MACY'S INC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 23,2 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Jeffrey Gennette Chief Executive Officer & Director
Harry A. Lawton President
Terry J. Lundgren Executive Chairman
Robert B. Harrison Chief Omnichannel & Operations Officer
Karen M. Hoguet Chief Financial Officer
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