
Macy's (M) Stock Forecast & Price Target
Macy's (M) Analyst Ratings
Bulls say
Macy's demonstrated a positive trend in comparable sales, with a 1.2% improvement on an owned plus-licensed-plus-marketplace basis and a 0.4% increase on an owned basis during the quarter, indicating a robust performance. Furthermore, the company achieved its highest-ever second quarter net promoter score, reflecting an increase in customer engagement and satisfaction, which can be a strong driver for future sales. Additionally, Macy's raised its fiscal year 2025 earnings per share guidance to a range of $1.70-$2.05 from a prior forecast of $1.60-$2.00, suggesting a confident outlook on profitability.
Bears say
Macy's is facing significant financial headwinds, highlighted by a projected sales decline of approximately $700 million for FY24 due to store closures, which detracted over 300 basis points from net sales in the recent quarter. Despite expectations for a slight decline in selling, general, and administrative expenses (SG&A), the overall deleverage is forecasted to be between 60 and 80 basis points for the year, indicating challenges in maintaining profitability. The cumulative impact of these factors suggests ongoing difficulty in stabilizing revenue streams and managing operational expenses effectively, leading to a negative outlook for Macy's stock.
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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