
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, reaching $4.913 billion, with noteworthy growth in Other Revenue, which rose 24.2% to $200 million. Bloomingdale's demonstrated robust performance, with an 8.6% increase in sales and a 9.0% rise in the composite sales metric, while the Reimagined 125 locations also showed positive engagement with a 2.3% rise in comparable sales. Additionally, the company's credit card and media network revenues saw year-over-year growth, coupled with improved customer sentiment as indicated by the highest recorded net promoter score, reflecting the effectiveness of enhanced service measures.
Bears say
Macy's has revised its earnings per share (EPS) outlook downwards due to a significant reduction in expected asset sale gains, impacting its prior guidance. The company anticipates a decline in net sales of 3%-5% for the fourth quarter compared to the previous year, which aligns with broader financial trends showing weakness in consumer demand. Additionally, the ongoing impact of store closures and the expected deleverage in selling, general, and administrative expenses further exacerbate the negative financial outlook, indicating challenges in recovering lost sales 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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