M Stock Analysis: Macy’s | NYSE
Department Stores | NYSE, USA | Market Cap: 5.367m USD | 12M Return: 31.3% | US55616P1049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 131M
EPS Trend: -86.7%
Qual. Beats: 0
Rev. Trend: -69.3%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Macys, Inc. is an omni-channel retail organization that operates department stores, e-commerce websites, and mobile applications, primarily in the United States. The company sells a wide range of merchandise including apparel, accessories, cosmetics, home furnishings, and other consumer goods through its Macys, Bloomingdales, and Bluemercury banners. In addition to its domestic operations, Macys extends its brand presence internationally through license agreements covering stores in Dubai (United Arab Emirates) and Al Zahra (Kuwait). The company was founded in 1830, is headquartered in New York, and was formerly known as Federated Department Stores, Inc. before adopting its current name in June 2007.
As a participant in the broadline retail segment of the consumer discretionary sector, Macys competes in the U.S. department store industry alongside other multi-brand retailers. Its strategy combines a traditional brick-and-mortar store base with digital sales channels, reflecting the broader shift toward integrated omni-channel retailing in the department store space.
- Tariffs on China-sourced apparel pressure gross margins
- Off-price rivals TJX and Ross compress comparable sales
- Holiday quarter same-store sales signal discretionary consumer health
| Net Income: 802.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 4.31 > 1.0 |
| NWC/Revenue: 13.25% < 20% (prev 7.07%; Δ 6.17% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.76b > Net Income 802.0m |
| Net Debt (6.47b) to EBITDA (1.66b): 3.89 < 3 |
| Current Ratio: 1.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (271.9m) vs 12m ago -2.30% < -2% |
| Gross Margin: 34.59% > 18% (prev 40.31%; Δ -5.72% > 0.5%) |
| Asset Turnover: 114.4% > 50% (prev 146.0%; Δ -31.60% > 0%) |
| Interest Coverage Ratio: 8.47 > 6 (EBIT TTM 999.0m / Interest Expense TTM 118.0m) |
| A: 0.15 (Total Current Assets 6.39b - Total Current Liabilities 4.02b) / Total Assets 15.7b |
| B: 0.44 (Retained Earnings 6.94b / Total Assets 15.7b) |
| C: 0.06 (EBIT TTM 999.0m / Avg Total Assets 15.6b) |
| D: 1.58 (Book Value of Equity 15.7b / Total Liabilities 9.94b) |
| Altman-Z'' = 4.52 = AA |
| DSRI: 1.34 (Receivables 236.0m/224.0m, Revenue 17.9b/22.7b) |
| GMI: 1.17 (GM 40.31% / 34.59%) |
| AQI: 1.02 (AQ_t 0.17 / AQ_t-1 0.17) |
| SGI: 0.79 (Revenue 17.9b / 22.7b) |
| TATA: -0.06 (NI 802.0m - CFO 1.76b) / TA 15.7b) |
| Beneish M = -2.74 (Cap -4..+1) = A |
As of September 14, 2026, the stock is trading at USD 22.08 with a total of 10,269,863 shares traded. Over the past week, the price has changed by -1.74%, over one month by -9.95%, over three months by -11.15% and over the past year by +31.25%.
Current recommended Stop Loss: 20.50 (which is 7.2% or 1.8 ATR below the current price).
Macy’s has received a consensus analysts rating of 3.08. Therefore, it is recommended to hold M.
- StrongBuy: 1
- Buy: 1
- Hold: 9
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 23.4 | 6% |
P/E Trailing = 8.8745
P/E Forward = 9.4787
P/S = 0.2362
P/B = 1.1697
P/EG = 2.8118
Revenue TTM = 17.9b USD
EBIT TTM = 999.0m USD
EBITDA TTM = 1.66b USD
Long Term Debt = 2.43b USD (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 7.77b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.68b
Net Debt = 6.47b USD (calculated: Debt 7.77b - CCE 1.29b)
Enterprise Value = 11.8b USD (5.37b + Debt 7.77b - CCE 1.29b)
Interest Coverage Ratio = 8.47 (Ebit TTM 999.0m / Interest Expense TTM 118.0m)
EV/FCF = 7.94x (Enterprise Value 11.8b / FCF TTM 1.49b)
FCF Yield = 12.59% (FCF TTM 1.49b / Enterprise Value 11.8b)
FCF Margin = 8.34% (FCF TTM 1.49b / Revenue TTM 17.9b)
Net Margin = 4.48% (Net Income TTM 802.0m / Revenue TTM 17.9b)
Gross Margin = 34.59% ((Revenue TTM 17.9b - Cost of Revenue TTM 11.7b) / Revenue TTM)
Gross Margin QoQ = -8.38% (prev 41.54%)
Tobins Q-Ratio = 0.75 (Enterprise Value 11.8b / Total Assets 15.7b)
Interest Expense / Debt = 1.52% (Interest Expense 118.0m / Debt 7.77b)
Taxrate = 12.27% (121.0m / 986.0m)
NOPAT = 876.4m (EBIT 999.0m * (1 - 12.27%))
Current Ratio = 1.59 (Total Current Assets 6.39b / Total Current Liabilities 4.02b)
Debt / Equity = 0.49 (Debt 7.77b / totalStockholderEquity, last quarter 15.7b)
Debt / EBITDA = 3.89 (Net Debt 6.47b / EBITDA 1.66b)
Debt / FCF = 4.34 (Net Debt 6.47b / FCF TTM 1.49b)
Total Stockholder Equity = 7.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.13% (Net Income 802.0m / Total Assets 15.7b)
RoE = 10.78% (Net Income TTM 802.0m / Total Stockholder Equity 7.44b)
RoCE = 10.12% (EBIT 999.0m / Capital Employed (Equity 7.44b + L.T.Debt 2.43b))
RoIC = 8.11% (NOPAT 876.4m / Invested Capital 10.8b)
WACC = 4.48% (E(5.37b)/V(13.1b) * Re(9.03%) + D(7.77b)/V(13.1b) * Rd(1.52%) * (1-Tc(0.12)))
Discount Rate = 9.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -90.47 | Cagr: -1.45%
[DCF] Terminal Value 77.97% ; FCFF base≈1.22b ; Y1≈1.39b ; Y5≈2.05b
[DCF] Fair Price = 93.22 (EV 30.9b - Net Debt 6.47b = Equity 24.4b / Shares 261.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -86.68 | EPS CAGR: -15.79% | SUE: 0.31 | # QB: 0
Revenue Correlation: -69.31 | Revenue CAGR: -5.81% | SUE: -4.0 | # QB: -1
EPS current Quarter (2026-10-31): EPS=-0.06 | Chg30d=+9.52% | Revisions=+50% | Analysts=13
EPS current Year (2027-01-31): EPS=2.25 | Chg30d=+1.86% | Revisions=+57% | GrowthEPS=-2.9% | GrowthRev=+0.3%
EPS next Year (2028-01-31): EPS=2.37 | Chg30d=+1.76% | Revisions=+50% | GrowthEPS=+5.2% | GrowthRev=-0.8%
[Analyst] Revisions Ratio: +77% (up=10, down=0)