Macy's Inc ($M) Stock Forecast: Down 5.4% Today

What is Macy's Inc?

Asset Macy's (NYSE: M) is a well-known department store chain that has been implementing a "Bold New Chapter" strategy to adapt to changing consumer needs and digital trends.

Why is Macy's Inc going down?

M stock is down 5.4% on Jan 13, 2025 14:57

• Macy's stock experienced a bearish movement today.
• The closure of 66 stores as part of Macy's "Bold New Chapter" strategy might have signaled to investors that the company is facing challenges in its restructuring efforts.
• Cautious consumer behavior and declining sales could have contributed to the negative sentiment surrounding Macy's stock.
• Despite gains from digital growth and trading above key SMAs, the overall outlook for Macy's seems to be overshadowed by the store closures and uncertainties about its future performance.

M Price Chart

M Technical Analysis

M News

Why Is Department Store Chain Macy's Stock Sliding Today? - Macy's ( NYSE:M )

Macy's expects Q4 earnings per share between $1.40 and $1.65. Macy's plans to expand its "Bold New Chapter" strategy in 2025. Get Real-Time News and Alerts for Your Portfolio Macy's, Inc. M shares are trading lower in premarket on Monday after the Department store chain provided an update on ...

https://www.benzinga.com/25/01/42945266/why-department-store-chain-macys-stocks-are-sliding-on-monday-premarket

Macy's Confirms 66 Store Closures as Part of Bold New Chapter Strategy

M closes 66 stores under its Bold New Chapter strategy, prioritizing 350 key stores and digital upgrades to meet evolving consumer needs.

https://www.zacks.com/stock/news/2395224/macys-confirms-66-store-closures-as-part-of-bold-new-chapter-strategy

Why Is Macy's ( M ) Down 1.7% Since Last Earnings Report?

Macy's (M) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2395215/why-is-macys-m-down-17-since-last-earnings-report

Macy's Shuts Down 66 Locations As Part Of New Chapter Strategy - Macy's ( NYSE:M )

Macy's confirms closure of 66 stores under new strategy announced in February 2024. Macy's says it enters 2025 well-positioned to build momentum with a stronger store fleet. Department store chain Macy's Inc. M confirmed the closure of 66 stores as part of its "Bold New Chapter" strategy.

https://www.benzinga.com/25/01/42908403/macys-shuts-down-66-locations-to-boost-profitability

Macy's Trades Above 50 & 100-Day SMAs: Key Insights for Investors

M gains from strong momentum and digital growth. However, declining sales and cautious consumer behavior pose risks to its outlook.

https://www.zacks.com/stock/news/2392334/macys-trades-above-50-100-day-smas-key-insights-for-investors

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Macy's Inc Price History

13.08.2024 - M Stock was up 5.0%

• The upsurge in Stock M's performance might be linked to the announcement of Nickelodeon's introduction of new Paw Patrol and Dora features at the Macy's Thanksgiving Day Parade.
• The enthusiastic reception of iconic characters such as Marshall and Dora at the parade likely garnered heightened investor attention towards Stock M.
• Stock M's affiliation with cherished brands like Paw Patrol and Dora may have instilled optimism in traders, resulting in the positive trajectory of the stock price.

23.07.2024 - M Stock was up 5.2%

• Despite reporting weak quarterly sales, Macy's surpassed the consensus on adjusted EPS, highlighting its ability to maintain profitability amid sales challenges.
• Analyst opinions on Macy's performance vary, with some expressing concerns about slowing sales while others see opportunities for improvement.
• The uncertain macroeconomic environment has raised doubts among analysts about Macy's ability to meet its revised outlook, leading to stock volatility.
• An unexpected boost in retail sales in July, along with shifting consumer preferences towards sectors like leisure and housing rather than clothing, may have positively impacted Macy's stock performance as investors reassess the company's market position.

21.07.2024 - M Stock was down 12.1%

• Macy's stock dropped due to missing revenue estimates and lowering its full-year forecast. The decline was linked to changes in consumer behavior and increased promotions.
• The company's CEO noted a change in consumer habits towards more careful spending, affecting conversion rates despite stable traffic.
• Analysts at Goldman Sachs raised concerns about slowing comp trends and a cautious revenue outlook, overshadowing margin improvements in the second quarter.
• Competitor TJX Companies raised its full-year guidance and reported increased sales, signaling a trend of consumers favoring value-oriented retailers amid economic uncertainties.

06.10.2024 - M Stock was up 5.1%

• Despite the overall market gains, Macy's stock (M) saw a slight decline of -0.46%.
• The decrease in Macy's stock price might be related to internal factors rather than broader market conditions.
• Investors could be responding to company-specific issues like sales performance, strategic shifts, or market reception.
• Monitoring Macy's (M) closely for further developments that could influence its stock value is crucial for traders.

22.10.2024 - M Stock was up 7.2%

• Macy's (M) stock had a strong bullish movement despite the overall market closing with gains.
• The positive market movement could be attributed to investors' optimism surrounding Macy's upcoming Q3 earnings report, with expectations for key metrics beyond just top and bottom-line estimates.
• Despite broader retail sector jitters following disappointing earnings from another company, Macy's managed to defy the trend and attract investors' interest.
• The slight dip in Macy's stock in the previous trading session did not deter investors, indicating a potential shift in sentiment towards the company's performance.

21.07.2024 - M Stock was down 13.1%

• Macy's reported earnings per share of 53 cents, beating analyst estimates, but missed revenue expectations by 3.57% for the second quarter of 2024. This mixed earnings report likely contributed to the bearish movement in the stock.
• The broader market, as reflected by the Dow, S&P 500, and Nasdaq, was little changed ahead of the Federal Reserve's latest policy meeting. The lack of significant market momentum may have also influenced M's downward trend.
• Despite other stocks like Target and TJX making moves, Macy's faced a decline, possibly due to the specific earnings results that investors reacted to negatively.
• The negative sentiment towards Macy's in midday trading could be a result of the company's revenue miss despite the positive EPS surprise, leading to a bearish sentiment among investors.

21.07.2024 - M Stock was down 13.0%

• Decline in second-quarter sales, missing revenue expectations, and lowering of annual guidance prompted a bearish movement in the stock.
• Competitor TJX Companies reported a sales gain for the most recent quarter, suggesting a trend of price-sensitive consumers seeking deals amidst inflation, potentially diverting market share from Macy's.
• Despite an increase in adjusted earnings, the emphasis on the decline in sales and the reduced sales forecast for the full year likely impacted investor sentiment, contributing to the bearish movement.
• Macy's struggle to attract shoppers in the challenging department store environment further intensified the negative market sentiment surrounding the stock.

13.00.2025 - M Stock was down 5.4%

• Macy's stock experienced a bearish movement today.
• The closure of 66 stores as part of Macy's "Bold New Chapter" strategy might have signaled to investors that the company is facing challenges in its restructuring efforts.
• Cautious consumer behavior and declining sales could have contributed to the negative sentiment surrounding Macy's stock.
• Despite gains from digital growth and trading above key SMAs, the overall outlook for Macy's seems to be overshadowed by the store closures and uncertainties about its future performance.

12.11.2024 - M Stock was up 10.4%

• Macy's stock (M) witnessed significant upward movement today.
• The stock showed resilience in the face of recent challenges, such as an accounting error resulting in $151 million of incorrectly recorded expenses.
• Analysts had adjusted their earnings expectations for Macy's prior to the Q3 financial outcomes, anticipating a decline compared to the previous year.
• Despite Macy's announcing lower-than-anticipated earnings and revenue figures for the third quarter, the stock rallied, potentially reflecting investors' optimism about the company's future prospects and strategies.

11.11.2024 - M Stock was down 11.2%

• Macy's reported lower-than-expected quarterly earnings at 3 cents per share, down from 21 cents per share in the previous year, leading to a bearish movement in the stock.
• The company also lowered its FY24 EPS outlook, further dampening investor sentiment.
• Macy's sales decreased by 2.4% in the third quarter, with comparable sales also declining, indicating ongoing struggles in the retail sector.
• The revelation of an employee hiding $151 million in delivery expenses added to investor concerns, contributing to the stock's tumble.

11.11.2024 - M Stock was down 5.5%

• Macy's reported lower-than-expected quarterly earnings at 3 cents per share, a significant decrease from 21 cents per share in the same period last year.
• The company also lowered its FY24 EPS outlook, leading to a sharp decline in its stock price during pre-market trading.
• Macy's experienced a decrease in net sales and comparable sales, further contributing to the negative market sentiment.
• The revelation of an employee hiding $151 million in delivery expenses added to the company's challenges, despite a slight raise in its full-year forecast. These factors combined likely led to the bearish movement in Macy's stock today.

04.09.2024 - M Stock was up 5.1%

• Macy's (M) stock showed a bullish movement, advancing by +0.23% despite the overall market decline.
• This positive movement could be attributed to strong earnings reports or positive news specific to Macy's, potentially indicating resilience in the face of broader market trends.
• Investors may have reacted positively to Macy's ability to navigate challenges in the retail sector, leading to increased confidence and buying activity in the stock.
• The company's strategic initiatives or cost-saving measures might have also contributed to the stock's outperformance compared to the broader market.