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Macy's, Inc. (0JXD.L)

LSE - LSE Delayed price. Currency in USD
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18.20-0.60 (-3.18%)
As of 03:19PM BST. Market open.
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  • H
    Herman
    Macys is packed and full with tourists and locals at 34th st. Does Macys need another blowout quarter again and another buyback plan and large debt repayment to get this bus moving?
  • R
    Ruyle
    I am so tired of M doing nothing all day. Can you move??? I have been reading (http://Achieverspot.tech) for a month now and the stocks there actually go!
  • r
    robert
    BUY-OUT offer.... for Macy's is very likely...... NOW
  • R
    Rachid
    These 5 growth stocks could EXPLODE! Grab a copy of our FREE report from our experts at (http://growthstocks.club) to learn more!
  • d
    diemand
    The pick that was just sent out by (http://traderspot.club) is already up yuge! Check it out!
  • M
    Mickey
    Mastercard SpendingPulse research shows department store spending up 13% YOY in May and Back-to-school expected up 18% 2019 prepandemic through Sept.

    https://www.mastercard.com/news/press/2022/june/mastercard-spendingpulse-forecasts-7-5-growth-for-u-s-back-to-school-retail-sales/
  • J
    James
    Macy's Is A Demonstrated Survivor
    Jun. 29, 2022 11:03 AM ETMacy's, Inc. (M)
    Macy's has demonstrated that the company is a long-term survivor.
    Macy's achieved its best earnings in 5 years for 2021.
    35% of Macy's 2021 sales were from digital channels.
    Macy"s Fashion designer store.

    Macy's, Inc. (NYSE:M) Macy's is an iconic department store retailer operating under the Macy's, Bluemercury and Bloomingdale's banners. 2021 sales were $25.3 billion, with 35% of sales from digital channels. A large portion of the current success results from strategic planning prior to the Covid-19 lockdowns.

    The Polaris strategy was implemented in February of 2020. It is described as: "a three-year plan designed to stabilize profitability and position the Company for sustainable, profitable growth." As a result, digital sales have increased by 39%, the store base continues to be rationalized and cost saving measures have been implemented. Overall, Macy's has demonstrated that the company is a long-term survivor. Due to Polaris, management positioning and agility, and other factors, Macy's achieved its best earnings in 5 years for 2021, and we consider the shares to be underpriced.

    As of January 29, 2022, the operations of the Company included 725 stores, comprising a total of approximately 112 million square feet. Macy's owns 427 stores with 104 operated under ground leases. All owned properties are held free and clear of mortgages. It is fairly likely that Macy's owned real estate exceeds its current enterprise value, pricing only the 323 fully owned locations at around $200 per square foot.

    Wall Street Breakfast
    Part of the reason that Macy's trades at a 75% discount to the S&P 500 is that the investment community is slow to realize its success and demonstrated durability. We consider the short thesis to be seriously trashed, and the sell side brokerage opinions to be way behind reality with 4 buys and 18 holds or sells. The shorts seem to be out of touch with reality and massively vulnerable, with 36 million shares shorted versus 270 million shares currently outstanding. Macy's bought back 24 million shares, or 8%, of the float in the first quarter, and we don't see this slowing down. M does not have any "material debt maturities" for the next five years, giving the company flexibility to invest in the business and share buybacks.

    Our price target of $40.00 and buy recommendation is based on 4 X 2022 enterprise value to EBITDA and 7.5 X current year (2023) earnings per share. We also see cash flow build, after dividends and capex of over $5 billion ($20 per share) through 2025, leading to further buybacks and debt reduction.
  • B
    Brent
    Dingbat selling below $20. Buy hard.
  • M
    Mickey
    Bought more shares today at 20.8 for the dividend. This is just a trade and I am not adding to my long term core position. I will hold for this week only and hedged with a collar of 21 calls and puts at the end of this week. This covers both ex div and fed on wed. Trade returns $0.3575 with the dividend and all 100% of my capital returned back to me at the end of the week using this dividend capture strategy.
  • B
    Benjo
    It's easy 45 !!
  • G
    Gerald
    CFRA raises 12 month price target to $36 based upon 8x expected 2023 earnings of $4.50.
  • d
    darren
    Now today is a day when Macys should be loading up on the buy back. These are the dips that can make a big difference in the share float with the buying power they have.
  • J
    James
    they are again in talks about buying KSS for $60 .. dumbfounds one why that value for KSS .. Macy's kicked butt on earnings and will continue .. the online business is worth at least $70 .. Macys should be sitting at $37-40 in this market environment compared to JWN and KSS .. market upturn and this should be in the $70's .. this is crazy for us to be barely in the 20's
  • t
    tim
    Just wait until Christmas. Don’t forget, this is the first year Macy’s will be integrating toys r us.
  • X
    Xavier
    Experts are saying we are heading to a reception and the worst of the dumping haven't even started, why would you guys want to keep buying this? Keep in Mind im not saying this is a bad company or stock, it's the fact we are heading to an economy crisis.
  • B
    Brent
    The bright side to the drop yesterday is Macy's was able to scoop up shares cheap. Only means an even higher future price. Buy hard.
  • B
    Brent
    Highly irresponsible for Macy's to pass today on buying back shares en masse.
  • j
    james
    Wow…Look at the volume today..Is that right 50 million shares…Holy Cow!!!
  • d
    darren
    Where is the disconnect between Macys, Khols, and Nordstrom? Why are these companies priced at such wildly different PE ratios? This is absurd and is an absolute factor in people not having confidence in the market and believing it is a rigged game. What causes a company to be priced well bellow others in the same category especially when they are outperforming the others in the category?
  • j
    joe
    Macy's has very little competition when it comes to quality apparel. You don't see many people going to Walmart kohls or target for a suit or other fine business attire yet they are compared to them. Analyst's should be ashamed of themselves for the negative coverage. Nothing but positive things going on at Macy's.at three times earnings Macy's is a no brainer. The numbers don't lie .