
Macy's (M) Stock Forecast & Price Target
Macy's (M) Analyst Ratings
Bulls say
Macy's reported a slight revenue increase of 0.2% year-over-year, totaling $4.913 billion, with notable performance in Other Revenue, which surged 24.2% year-over-year. The company's Bloomingdale's segment demonstrated significant strength, with sales rising 8.6% year-over-year and comparable sales improving by 8.8% on an owned basis, further highlighting the positive trajectory of key brands. Additionally, improved customer sentiment metrics and consistent growth in comparable sales, marking the 19th consecutive quarter of growth for the nameplate, signal a robust operational performance and a favorable outlook for the company.
Bears say
Macy's is anticipating a decline in net sales for the fourth quarter, projecting figures between $7.35 billion and $7.50 billion, representing a year-over-year drop of 3% to 5%. The company's adjusted earnings per share (EPS) forecast has been revised downward to $1.35-$1.55, significantly impacted by a decreased asset sale gain, which is expected to be $15 million to $20 million compared to prior expectations. Additionally, ongoing store rationalization and the negative effects of tariffs are further contributing to pressures on sales, with the overall financial outlook reflecting a concerning trend of declining revenues and profitability.
This aggregate rating is based on analysts' research of Macy's and is not a guaranteed prediction by Public.com or investment advice.
Macy's (M) Analyst Forecast & Price Prediction
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