Macy's: An Undervalued Hidden Asset Play
I give Macy's stock a buy rating. The company has strong cash flow and high-quality earnings. Macy's shares have an intrinsic value of $18.15, meaning the stock is currently undervalued by $7.02, almost 39% below its intrinsic value.
Macy's (M) Stock Slides as Market Rises: Facts to Know Before You Trade
The latest trading day saw Macy's (M) settling at $10.80, representing a -0.28% change from its previous close.
Macy's (M) Beats Stock Market Upswing: What Investors Need to Know
In the most recent trading session, Macy's (M) closed at $11.13, indicating a +1.09% shift from the previous trading day.
Macy's (M) Stock Declines While Market Improves: Some Information for Investors
In the most recent trading session, Macy's (M) closed at $11.37, indicating a -0.7% shift from the previous trading day.
Macy's clawing back executives' bonuses linked to accounting scandal caused by rogue worker
Macy's overpaid an undisclosed number of executives by $609,613 and wants the money back now.
Macy's executives will have to pay back over $600,000 after an accounting scandal inflated their bonuses
Some Macy's executives have to pay back bonuses as a result of an accounting scandal. Macy's overstated one of its earnings metrics in 2023, leading to the inflated bonuses.
Macy's Names New CFO, Makes Other Leadership Changes Amid Turnaround Effort
Macy's (M) is working on its long-term growth, and that starts with some changes at the top.
Macy's (M) Declines More Than Market: Some Information for Investors
In the most recent trading session, Macy's (M) closed at $13.18, indicating a -0.68% shift from the previous trading day.
Macy's: Attractive Even With Mixed Guidance
Macy's shares have underperformed, losing 30% over the past year, but modernization efforts show promise, particularly in the first 50 updated stores. Despite declining revenue, Macy's beat earnings expectations due to gains on asset sales, though overall sales and margins have been pressured. The company plans to close 150 underperforming stores by next year, focusing on modernizing remaining locations and investing in Bloomingdale's and Bluemercury.
Macy's sounds yet another alarm on consumer spending
Economic uncertainty is affecting even its most affluent customers. Transcript: Kelsey Barberio: Add Macy's to the growing list of retailers with a not-so-optimistic outlook in 2025.
Macy's closed 64 stores last year as the retailer's gains from real estate sales more than doubled
Macy's announced in its fourth-quarter and fiscal-year 2024 earnings report on Thursday that it expects another year of declining sales as the department store chain continues reshaping its footprint to focus on better-performing locations.
Macy's Focuses on Customer Experience and Long-Term Growth
In a retail world where growth is harder to come by, Macy's is prioritizing stability over expansion, adjusting to the realities of a more competitive and unpredictable market. Macy's fourth-quarter results released Thursday (March 6) reflect a retail landscape where resilience is the key due to uncertain external factors and cautious consumers.
