Macy's, Inc. (NYSE: M) is an iconic American department store chain with over 130 years of history. The company has been a public company since 1911 and is a component of the S&P 500 Index. In recent years, Macy's has faced challenges due to changing consumer shopping habits and the rise of e-commerce. However, the company has taken steps to adapt to the changing retail landscape and has reported positive financial results in recent quarters.
Metric | Value | Change (%) |
---|---|---|
Current Price | $28.79 | -0.96% |
52-Week High | $34.60 | N/A |
52-Week Low | $19.24 | N/A |
Market Cap | $5.07B | N/A |
P/E Ratio | 7.68 | N/A |
Dividend Yield | 3.83% | N/A |
Macy's recently reported strong financial results for the fourth quarter and full year of 2022. The company reported a 4.2% increase in comparable sales for the quarter and a 2.2% increase for the year. Macy's also reported a 10.1% increase in digital sales for the quarter and a 12.3% increase for the year.
Macy's has implemented a number of key growth strategies in recent years, including:
These strategies have helped Macy's to improve its financial performance and position the company for long-term growth.
Challenges
Opportunities
Analysts are generally positive on Macy's stock. The consensus recommendation is a "buy" rating, with an average price target of $33.00.
Macy's is a well-established company with a strong brand and a loyal customer base. The company has faced challenges in recent years, but has taken steps to adapt to the changing retail landscape. Macy's is well-positioned for long-term growth and is a solid investment for investors looking for value.
Q: What is Macy's stock symbol?
A: M
Q: What is Macy's current stock price?
A: $28.79
Q: What is Macy's market capitalization?
A: $5.07B
Q: What is Macy's P/E ratio?
A: 7.68
Q: What is Macy's dividend yield?
A: 3.83%
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