(M) Macy’s - Overview

Sector: Consumer Cyclical | Industry: Department Stores | Exchange: NYSE (USA) | Market Cap: 4.700m USD | Total Return: 71.8% in 12m

Stock Apparel, Accessories, Home Goods, Cosmetics
Total Rating 69
Safety 68
Buy Signal -0.21
Department Stores +12.9
Broadline Retail +11.1
Market Cap: 4,700m
Avg Trading Vol: 131M USD
ATR: 4.59%
Peers RS (IBD): 80.6
Risk 5d forecast
Volatility48.3%
Rel. Tail Risk-15.7%
Reward TTM
Sharpe Ratio0.84
Alpha23.80
Character TTM
Beta1.199
Beta Downside1.520
Drawdowns 3y
Max DD51.33%
CAGR/Max DD0.06
EPS (Earnings per Share) EPS (Earnings per Share) of M over the last years for every Quarter: "2021-04": 0.39, "2021-07": 1.29, "2021-10": 1.23, "2022-01": 2.45, "2022-04": 1.08, "2022-07": 1, "2022-10": 0.52, "2023-01": 1.88, "2023-04": 0.56, "2023-07": 0.26, "2023-10": 0.21, "2024-01": 2.45, "2024-04": 0.27, "2024-07": 0.53, "2024-10": 0.04, "2025-01": 1.8, "2025-04": 0.16, "2025-07": 0.31, "2025-10": 0.09, "2026-01": 1.67,
EPS CAGR: 12.33%
EPS Trend: -31.6%
Last SUE: 0.73
Qual. Beats: 0
Revenue Revenue of M over the last years for every Quarter: 2021-04: 4865, 2021-07: 5844, 2021-10: 5653, 2022-01: 8930, 2022-04: 5565, 2022-07: 5834, 2022-10: 5467, 2023-01: 8526, 2023-04: 5173, 2023-07: 5280, 2023-10: 5038, 2024-01: 8375, 2024-04: 5000, 2024-07: 5096, 2024-10: 4903, 2025-01: 8007, 2025-04: 4793, 2025-07: 4999, 2025-10: 4913, 2026-01: 7916,
Rev. CAGR: 9.85%
Rev. Trend: -3.3%
Last SUE: 4.00
Qual. Beats: 5
Risks
Technicals: choppy
Description: M Macy’s

Macys, Inc. (M) is a US-based omnichannel retailer. It operates department stores, e-commerce platforms, and mobile applications.

The company offers apparel, accessories, cosmetics, and home furnishings across its Macys, Bloomingdales, and Bluemercury brands. This broad product assortment is typical for department stores, which aim to be a one-stop shop for diverse consumer needs.

Macys also has an international presence through licensing agreements in the Middle East.

The company, founded in 1830, was formerly known as Federated Department Stores, Inc. Its business model integrates physical retail with digital channels, a common strategy in the evolving retail sector to reach a wider customer base and enhance shopping convenience.

Further analysis of Macys performance and market position can be found on ValueRay.

Headlines to Watch Out For
  • Department store sales decline impacts revenue
  • E-commerce growth offsets brick-and-mortar weakness
  • Consumer discretionary spending influences sales
  • Supply chain disruptions increase operating costs
Piotroski VR‑10 (Strict) 6.5
Net Income: 642.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 3.40 > 1.0
NWC/Revenue: 9.64% < 20% (prev 8.50%; Δ 1.14% < -1%)
CFO/TA 0.09 > 3% & CFO 1.43b > Net Income 642.0m
Net Debt (3.96b) to EBITDA (1.92b): 2.06 < 3
Current Ratio: 1.49 > 1.5 & < 3
Outstanding Shares: last quarter (276.5m) vs 12m ago -2.16% < -2%
Gross Margin: 36.55% > 18% (prev 0.40%; Δ 3.61k% > 0.5%)
Asset Turnover: 138.6% > 50% (prev 140.3%; Δ -1.65% > 0%)
Interest Coverage Ratio: 10.62 > 6 (EBITDA TTM 1.92b / Interest Expense TTM 97.0m)
Altman Z'' 3.30
A: 0.13 (Total Current Assets 6.67b - Total Current Liabilities 4.49b) / Total Assets 16.24b
B: 0.43 (Retained Earnings 6.94b / Total Assets 16.24b)
C: 0.06 (EBIT TTM 1.03b / Avg Total Assets 16.32b)
D: 0.58 (Book Value of Equity 6.55b / Total Liabilities 11.38b)
Altman-Z'' Score: 3.30 = A
Beneish M -2.15
DSRI: 2.00 (Receivables 628.0m/320.0m, Revenue 22.62b/23.01b)
GMI: 1.10 (GM 36.55% / 40.28%)
AQI: 1.04 (AQ_t 0.17 / AQ_t-1 0.16)
SGI: 0.98 (Revenue 22.62b / 23.01b)
TATA: -0.05 (NI 642.0m - CFO 1.43b) / TA 16.24b)
Beneish M-Score: -2.15 (Cap -4..+1) = BB
What is the price of M shares? As of April 06, 2026, the stock is trading at USD 17.82 with a total of 6,671,000 shares traded.
Over the past week, the price has changed by +1.37%, over one month by -6.09%, over three months by -21.13% and over the past year by +71.80%.
Is M a buy, sell or hold? Macy’s has received a consensus analysts rating of 3.15. Therefor, it is recommend to hold M.
  • StrongBuy: 2
  • Buy: 0
  • Hold: 10
  • Sell: 0
  • StrongSell: 1
What are the forecasts/targets for the M price?
Wallstreet Target Price 19.3 8.3%
Analysts Target Price 19.3 8.3%
M Fundamental Data Overview as of 05 April 2026
P/E Trailing = 7.681
P/E Forward = 8.3822
P/S = 0.2078
P/B = 0.9822
P/EG = 1.6115
Revenue TTM = 22.62b USD
EBIT TTM = 1.03b USD
EBITDA TTM = 1.92b USD
Long Term Debt = 2.43b USD (from longTermDebt, last quarter)
 Short Term Debt = unknown (none)
 Debt = 5.20b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.96b USD (from netDebt column, last quarter)
Enterprise Value = 8.66b USD (4.70b + Debt 5.20b - CCE 1.25b)
Interest Coverage Ratio = 10.62 (Ebit TTM 1.03b / Interest Expense TTM 97.0m)
EV/FCF = 8.19x (Enterprise Value 8.66b / FCF TTM 1.06b)
FCF Yield = 12.21% (FCF TTM 1.06b / Enterprise Value 8.66b)
FCF Margin = 4.67% (FCF TTM 1.06b / Revenue TTM 22.62b)
Net Margin = 2.84% (Net Income TTM 642.0m / Revenue TTM 22.62b)
Gross Margin = 36.55% ((Revenue TTM 22.62b - Cost of Revenue TTM 14.35b) / Revenue TTM)
Gross Margin QoQ = 26.68% (prev 41.89%)
Tobins Q-Ratio = 0.53 (Enterprise Value 8.66b / Total Assets 16.24b)
Interest Expense / Debt = 0.38% (Interest Expense 20.0m / Debt 5.20b)
Taxrate = 23.45% (155.0m / 661.0m)
NOPAT = 788.5m (EBIT 1.03b * (1 - 23.45%))
Current Ratio = 1.49 (Total Current Assets 6.67b / Total Current Liabilities 4.49b)
Debt / Equity = 1.07 (Debt 5.20b / totalStockholderEquity, last quarter 4.86b)
Debt / EBITDA = 2.06 (Net Debt 3.96b / EBITDA 1.92b)
Debt / FCF = 3.74 (Net Debt 3.96b / FCF TTM 1.06b)
Total Stockholder Equity = 4.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.93% (Net Income 642.0m / Total Assets 16.24b)
RoE = 14.20% (Net Income TTM 642.0m / Total Stockholder Equity 4.52b)
RoCE = 14.81% (EBIT 1.03b / Capital Employed (Equity 4.52b + L.T.Debt 2.43b))
RoIC = 11.12% (NOPAT 788.5m / Invested Capital 7.09b)
WACC = 4.99% (E(4.70b)/V(9.90b) * Re(10.20%) + D(5.20b)/V(9.90b) * Rd(0.38%) * (1-Tc(0.23)))
Discount Rate = 10.20% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.89%
[DCF] Terminal Value 86.44% ; FCFF base≈838.2m ; Y1≈846.9m ; Y5≈917.3m
[DCF] Fair Price = 88.22 (EV 27.23b - Net Debt 3.96b = Equity 23.27b / Shares 263.7m; r=6.0% [WACC]; 5y FCF grow 0.65% → 3.0% )
EPS Correlation: -31.64 | EPS CAGR: 12.33% | SUE: 0.73 | # QB: 0
Revenue Correlation: -3.32 | Revenue CAGR: 9.85% | SUE: 4.0 | # QB: 5
EPS next Quarter (2026-07-31): EPS=0.34 | Chg7d=+0.000 | Chg30d=-0.029 | Revisions Net=+0 | Analysts=9
EPS current Year (2027-01-31): EPS=2.12 | Chg7d=+0.000 | Chg30d=-0.071 | Revisions Net=-7 | Growth EPS=-8.8% | Growth Revenue=-0.8%
EPS next Year (2028-01-31): EPS=2.20 | Chg7d=+0.000 | Chg30d=+0.006 | Revisions Net=+0 | Growth EPS=+3.8% | Growth Revenue=-1.3%
[Analyst] Revisions Ratio: +0.00 (3 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -2.8% (Discount Rate 10.2% - Earnings Yield 13.0%)
[Growth] Growth Spread = +1.8% (Analyst -1.0% - Implied -2.8%)
External Resources
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