Last $58.95 USD
Change Today +0.91 / 1.57%
Volume 3.6M
M On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

macy's inc (M) Snapshot

Open
$58.37
Previous Close
$58.04
Day High
$59.17
Day Low
$58.29
52 Week High
04/4/14 - $61.26
52 Week Low
10/9/13 - $42.18
Market Cap
21.2B
Average Volume 10 Days
6.0M
EPS TTM
$4.15
Shares Outstanding
360.4M
EX-Date
06/11/14
P/E TM
14.2x
Dividend
$1.25
Dividend Yield
1.80%
Current Stock Chart for MACY'S INC (M)

macy's inc (M) Details

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates Bloomingdale’s Outlet stores that offer a range of apparel and accessories, including women's ready-to-wear, fashion accessories, jewelry, handbags, and intimate apparel, as well as men's, children's, and women's shoes. As of February 25, 2014, it operated approximately 840 stores under the Macy's and Bloomingdale's names in 45 states of the United States, the District of Columbia, Guam, and Puerto Rico, as well as the macys.com and bloomingdales.com Websites; and 13 Bloomingdale's Outlet stores. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy’s, Inc. in June 2007. Macy’s, Inc. was founded in 1830 and is headquartered in Cincinnati, Ohio.

172,500 Employees
Last Reported Date: 04/2/14
Founded in 1830

macy's inc (M) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.6M
President
Total Annual Compensation: $870.8K
Chief Financial Officer
Total Annual Compensation: $870.8K
Chief Stores Officer
Total Annual Compensation: $870.8K
Chief Private Brand Officer
Total Annual Compensation: $842.5K
Compensation as of Fiscal Year 2013.

macy's inc (M) Key Developments

Macy's, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 2, 2014; Provides Sales Guidance for the Second Half and Earnings Guidance for the Fiscal Year 2014

Macy's, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 2, 2014. For the quarter, the company reported net sales of $6,267 million compared to $6,066 million a year ago. Operating income was $571 million compared to $534 million a year ago. Income before income taxes was $471 million compared to $438 million a year ago. Net income was $292 million or $0.80 per diluted share compared to $281 million or $0.72 per diluted share a year ago. For the six months, the company reported net sales of $12,546 million compared to $12,453 million a year ago. Operating income was $1,014 million compared to $969 million a year ago. Income before income taxes was $814 million compared to $776 million a year ago. Net income was $516 million or $1.40 per diluted share compared to $498 million or $1.27 per diluted share a year ago. Net cash provided by operating activities was $646 million compared to $664 million a year ago. Purchase of property and equipment was $245 million compared to $206 million a year ago. The company’s expectations for the second half of 2014 remain on track, with guidance for comparable store growth of 2% to 3%. However, even with an improved sales trend in the second quarter, the company was unable to make up its sales shortfall from the first quarter. Earnings per share on a diluted basis for the fall season, the combination of third quarter and fourth quarter, is expected to be $3.04 to $3.14. This calculates to expectations for a full-year 2014 comparable sales increase of 1.5% to 2%. Full-year 2014 comparable sales together with comparable sales of departments licensed to third parties now are expected to increase by 2% to 2.5%. Previous guidance was for full-year comparable sales to increase by 2.5% to 3%. The company continues to expect full-year 2014 earnings per diluted share in the range of $4.40 to $4.50, consistent with guidance previously provided. The company still expects annual effective tax rate will be 36.4%. The company expects gross margin rate to be flat to down slightly for this season as well as for the year. The company is still expecting depreciation and amortization of $1,040,000,000 for the full year.

Macy's Inc. Appoints Jason Williams as Senior Manager, Real Estate

Macy's Inc. appointed Jason Williams as senior manager, real estate. Williams will be responsible for retail store real estate functions in the North Central Region, as well as Macy's logistics and warehousing real estate functions across the country. Those functions include acquisitions, dispositions, lease renewal negotiations, site selection, reciprocal easement agreement interpretation and negotiation and distribution center lease and/or purchase negotiation. Prior to joining Macy's, Williams was a senior associate in the Cincinnati office of CBRE, specializing in industrial real estate landlord and tenant representation, as well as buyer and seller representation. Before that, Williams spent nearly three years with Al Neyer, serving as director of business development.

Macy's, Inc., Q2 2015 Earnings Call, Aug 13, 2014

Macy's, Inc., Q2 2015 Earnings Call, Aug 13, 2014

 

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M

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Valuation M Industry Range
Price/Earnings 14.4x
Price/Sales 0.7x
Price/Book 3.5x
Price/Cash Flow 13.6x
TEV/Sales 0.4x
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