M Stock Analysis: Macy’s | NYSE
Department Stores | NYSE, USA | Market Cap: 6.281m USD | 12M Return: 88.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 148M
EPS Trend: -85.9%
Qual. Beats: 1
Rev. Trend: -96.3%
Qual. Beats: 6
Warnings
Tailwinds
Seasonality 10.5 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: 667.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 6.92 > 1.0 |
| NWC/Revenue: 9.78% < 20% (prev 8.35%; Δ 1.43% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.79b > Net Income 667.0m |
| Net Debt (6.49b) to EBITDA (1.94b): 3.35 < 3 |
| Current Ratio: 1.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (272.7m) vs 12m ago -2.85% < -2% |
| Gross Margin: 36.54% > 18% (prev 40.40%; Δ -3.86% > 0.5%) |
| Asset Turnover: 140.3% > 50% (prev 141.7%; Δ -1.44% > 0%) |
| Interest Coverage Ratio: 11.08 > 6 (EBIT TTM 1.05b / Interest Expense TTM 95.0m) |
| A: 0.14 (Total Current Assets 6.90b - Total Current Liabilities 4.67b) / Total Assets 16.3b |
| B: 0.40 (Retained Earnings 6.49b / Total Assets 16.3b) |
| C: 0.07 (EBIT TTM 1.05b / Avg Total Assets 16.2b) |
| D: 0.42 (Book Value of Equity 4.84b / Total Liabilities 11.5b) |
| Altman-Z'' = 3.07 = A |
| DSRI: 1.21 (Receivables 302.0m/251.0m, Revenue 22.7b/22.8b) |
| GMI: 1.11 (GM 40.40% / 36.54%) |
| AQI: 1.02 (AQ_t 0.16 / AQ_t-1 0.16) |
| SGI: 1.00 (Revenue 22.7b / 22.8b) |
| TATA: -0.07 (NI 667.0m - CFO 1.79b) / TA 16.3b) |
| Beneish M = -2.76 (Cap -4..+1) = A |
As of July 13, 2026, the stock is trading at USD 22.64 with a total of 3,982,212 shares traded. Over the past week, the price has changed by -2.62%, over one month by -10.08%, over three months by +18.63% and over the past year by +88.29%.
Current recommended Stop Loss: 20.50 (which is 9.5% or 2.3 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 | 22.1 | -2.6% |
P/E Trailing = 9.8678
P/E Forward = 10.3199
P/S = 0.2692
P/B = 1.2741
P/EG = 3.0628
Revenue TTM = 22.7b USD
EBIT TTM = 1.05b USD
EBITDA TTM = 1.94b USD
Long Term Debt = 2.43b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 7.79b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.68b
Net Debt = 6.49b USD (calculated: Debt 7.79b - CCE 1.29b)
Enterprise Value = 12.8b USD (6.28b + Debt 7.79b - CCE 1.29b)
Interest Coverage Ratio = 11.08 (Ebit TTM 1.05b / Interest Expense TTM 95.0m)
EV/FCF = 8.50x (Enterprise Value 12.8b / FCF TTM 1.50b)
FCF Yield = 11.76% (FCF TTM 1.50b / Enterprise Value 12.8b)
FCF Margin = 6.61% (FCF TTM 1.50b / Revenue TTM 22.7b)
Net Margin = 2.94% (Net Income TTM 667.0m / Revenue TTM 22.7b)
Gross Margin = 36.54% ((Revenue TTM 22.7b - Cost of Revenue TTM 14.4b) / Revenue TTM)
Gross Margin QoQ = 41.54% (prev 26.68%)
Tobins Q-Ratio = 0.78 (Enterprise Value 12.8b / Total Assets 16.3b)
Interest Expense / Debt = 1.22% (Interest Expense 95.0m / Debt 7.79b)
Taxrate = 23.68% (207.0m / 874.0m)
NOPAT = 803.6m (EBIT 1.05b * (1 - 23.68%))
Current Ratio = 1.48 (Total Current Assets 6.90b / Total Current Liabilities 4.67b)
Debt / Equity = 1.61 (Debt 7.79b / totalStockholderEquity, last quarter 4.84b)
Debt / EBITDA = 3.35 (Net Debt 6.49b / EBITDA 1.94b)
Debt / FCF = 4.32 (Net Debt 6.49b / FCF TTM 1.50b)
Total Stockholder Equity = 4.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.12% (Net Income 667.0m / Total Assets 16.3b)
RoE = 14.44% (Net Income TTM 667.0m / Total Stockholder Equity 4.62b)
RoCE = 14.93% (EBIT 1.05b / Capital Employed (Equity 4.62b + L.T.Debt 2.43b))
RoIC = 7.66% (NOPAT 803.6m / Invested Capital 10.5b)
WACC = 4.75% (E(6.28b)/V(14.1b) * Re(9.49%) + D(7.79b)/V(14.1b) * Rd(1.22%) * (1-Tc(0.24)))
Discount Rate = 9.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -42.22 | Cagr: -0.37%
[DCF] Terminal Value 77.97% ; FCFF base≈1.05b ; Y1≈1.20b ; Y5≈1.77b
[DCF] Fair Price = 76.55 (EV 26.6b - Net Debt 6.49b = Equity 20.1b / Shares 263.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -85.93 | EPS CAGR: -15.54% | SUE: 1.02 | # QB: 1
Revenue Correlation: -96.32 | Revenue CAGR: -2.78% | SUE: 0.85 | # QB: 6
EPS current Quarter (2026-07-31): EPS=0.34 | Chg30d=-1.55% | Revisions=-15% | Analysts=12
EPS next Quarter (2026-10-31): EPS=-0.06 | Chg30d=N/A | Revisions=-42% | Analysts=12
EPS current Year (2027-01-31): EPS=2.20 | Chg30d=+5.25% | Revisions=+64% | GrowthEPS=-5.0% | GrowthRev=-0.5%
EPS next Year (2028-01-31): EPS=2.31 | Chg30d=+5.43% | Revisions=+58% | GrowthEPS=+4.9% | GrowthRev=-1.3%
[Analyst] Revisions Ratio: +21% (up=24, down=15)