Previous close | 19.01 |
Open | 19.09 |
Bid | 19.00 x 1200 |
Ask | 19.06 x 800 |
Day's range | 18.87 - 19.19 |
52-week range | 10.54 - 22.10 |
Volume | |
Avg. volume | 8,244,714 |
Market cap | 5.239B |
Beta (5Y monthly) | 2.19 |
PE ratio (TTM) | 50.11 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.69 (3.65%) |
Ex-dividend date | 14 Mar 2024 |
1y target est | N/A |
Macy's (M) is enhancing operations for sustainable growth while expanding its omnichannel presence and customer experience through strategic partnerships and technological upgrades.
Investment firm Arkhouse Management ended its proxy contest against the retailer, and withdrew its seven other director candidates.
Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain. Macy's said the directors — Ric Clark and Rick Markee — will join the finance committee effective immediately and oversee the evaluation of and make recommendations to the full board regarding the acquisition proposal submitted by Arkhouse and Brigade Capital Management, LP that Macy's had opposed.