
Macy's (M) Stock Forecast & Price Target
Macy's (M) Analyst Ratings
Bulls say
Macy's has demonstrated positive performance with a 1.2% improvement in comparable sales on an owned plus-licensed-plus-marketplace basis, alongside a 0.4% increase on an owned basis, suggesting a robust sales momentum. The company has also reported its highest-ever second-quarter net promoter score, reflecting enhanced customer engagement and satisfaction levels that could drive future sales growth. Furthermore, the revised fiscal year 2025 guidance projects earnings per share (EPS) between $1.70 and $2.05, indicating an upward revision from previous estimates, which points to strong financial fundamentals.
Bears say
Macy's is experiencing a notable negative impact on its net sales due to store rationalization, which resulted in a decline of over 300 basis points and a significant $170 million loss attributed to the closure of 64 stores. The company's overall SG&A expenses are expected to decline year-over-year; however, a deleverage of 60 to 80 basis points indicates ongoing financial challenges. Additionally, the cumulative effect of these store closures is projected to hinder Macy's topline performance, contributing approximately $700 million of lost sales in the fiscal year 2024.
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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