
Macy's (M) Stock Forecast & Price Target
Macy's (M) Analyst Ratings
Bulls say
Macy's reported a total company revenue increase of 0.2% year-over-year, reaching $4.913 billion, with Other Revenue reflecting a notable 24.2% growth. The performance of Bloomingdale's showed significant strength, with an 8.6% sales increase and a commendable 8.8% growth in comparable sales, indicating robust consumer demand. Additionally, the success of the Reimagined 125 locations, along with improved customer sentiment metrics, highlights Macy's effective strategies in enhancing service and overall customer experience, contributing to a positive outlook for the company's stock.
Bears say
Macy's has experienced a downward revision in its earnings per share (EPS) outlook, projecting $1.35-$1.55, marking a decrease from prior expectations due to a reduced forecast for asset sale gains. The company anticipates fourth-quarter net sales to decline by 3%-5% compared to the previous year, reflecting ongoing challenges in customer traffic and sales performance, which has also been negatively impacted by store closures. Additionally, the anticipated deleverage in selling, general, and administrative expenses (SG&A) coupled with reduced sales from store rationalization continues to exert pressure on Macy's financial metrics, signifying a challenging operational environment.
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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