Macy's Inc ($M) Stock Forecast: Up 5.1% Today

What is Macy's Inc?

Macy's (M) is a well-known American department store chain that offers a variety of products including clothing, accessories, and home goods. The stock is listed as M in the market.

Why is Macy's Inc going up?

M stock is up 5.1% on Nov 6, 2024 19:56

• 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.

M Price Chart

M Technical Analysis

M News

Macy's ( M ) Stock Drops Despite Market Gains: Important Facts to Note

In the most recent trading session, Macy's (M) closed at $15.27, indicating a -0.46% shift from the previous trading day.

https://www.zacks.com/stock/news/2362908/macys-m-stock-drops-despite-market-gains-important-facts-to-note

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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.

16.07.2024 - M Stock was up 5.1%

• Macy's (M) stock showed a positive movement today, increasing by +1.45% compared to its previous closing price.
• The optimistic market response is linked to the anticipation of the upcoming earnings report, which is expected to show earnings growth, leading to investor confidence.
• Despite concerns about consumer spending patterns impacting companies like Macy's, the stock outperformed the market, suggesting a potential ability to withstand economic challenges.
• Investors are likely monitoring Macy's performance amidst competition from online retail giants such as Amazon (AMZN) and evaluating key metrics to assess the company's standing in the retail landscape.

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.

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.

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.

30.04.2024 - M Stock was down 5.7%

• Macy's (M) stock might have experienced a bearish movement possibly due to profit-taking after a recent bullish run following the announcement of its "A Bold New Chapter" strategy.
• The market might be reacting to concerns about the overall retail sector's performance, especially with increasing competition and changing consumer preferences.
• Despite Macy's efforts to modernize operations and utilize AI for growth, investors might be cautious about the company's ability to sustain profitability in a challenging retail environment.
• Discussions about dividend stocks and land grabbing issues might have influenced market sentiment, contributing to the bearish movement in Macy's stock.

22.04.2024 - M Stock was up 5.1%

• Macy's raised its annual profit forecast, expecting full-year adjusted earnings to be in the range of $2.55 to $2.90 per share, indicating strong confidence in its performance.
• The Q1 2024 earnings call transcript highlighted strong EPS and strategic initiatives despite facing sales challenges, showcasing Macy's ability to navigate through obstacles.
• The positive earnings report and raised outlook contributed to the bullish movement of Macy's stock, attracting investors' interest in the company's growth prospects.
• The overall positive sentiment towards retail earnings, with Macy's and Lowe's beating expectations, also likely boosted investor confidence in the retail sector, further supporting Macy's stock price surge.

02.07.2024 - M Stock was down 5.1%

• Macy's stock experienced a decline today, possibly due to profit-taking after a recent positive movement.
• The focus on donation drives for Wayanad landslide victims might have diverted attention from Macy's stock, impacting its performance.
• While the market as a whole may have been experiencing gains or declines, Macy's movement could have been influenced by company-specific factors rather than broader market trends.
• The news about various sales this weekend may not have directly impacted the stock's performance today, as investors might be more focused on the company's financial outlook.

15.07.2024 - M Stock was up 5.1%

• Macy's stock (M) gained 1.45% but still lagged behind the overall market performance.
• The bullish movement in Macy's stock could be attributed to investors anticipating potential growth in earnings despite the company facing operational complexities and store closures.
• The focus on food stocks in the market due to the resilient nature of the food industry in times of reduced consumer spending could have indirectly positively impacted Macy's stock as investors seek more stable investment options.
• The overall positive sentiment towards food stocks and the anticipation of Macy's earnings growth might have contributed to the bullish movement in Macy's stock today.