M
Macy's, Inc.
$23.60
-1.67% 2026-10-19
Consumer DiscretionaryS&P 400
MSPY
1W
+2.7%
1M
+7.6%
3M
+2.1%
6M
+20.3%
YTD
+10.0%
1Y
+37.1%
Grades vs sector
Momentum81st pct in sectorA-
Momentum
81st pct in sector
12-1 return: +21.0%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Growth33rd pct in sectorC-
Growth
33rd pct in sector
Revenue growth (YoY): +1.2%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Value80th pct in sectorB+
Value
80th pct in sector
Forward E/P: 9.9% · EBITDA/EV: 13.9%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Profitability39th pct in sectorC-
Profitability
39th pct in sector
Profit margin: +3.3% · Return on equity: +16.0%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Revisionsno data–
Revisions
no data
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
Our models
Not held by any of our 3 live models right now.
Momentum Top 15
not ranked (outside this model's universe or screens)
Quality Growthnot ranked (outside this model's universe or screens)
Momentum Blendnot in the current book
Key stats
Market cap$6.2B
P/E (trailing)8.6
P/E (forward)9.9
52-week range16.69 – 26.59
Revenue growth (YoY, latest qtr)+1.2%
Dividend yield3.19%
Analyst consensusHold (11)
Mean price target$23.18 (-2%)
Valuation & fundamentals
Bottom line
Looks undervalued
Model read-out from the numbers below, not advice. Score +4 (DCF counts double).
▲DCF (base case)above the price by 93%
▲Forward P/E vs sector9.9x vs median 13.4x
▲Piotroski F-score7/9
▲Net debt / EBITDA0.6x
•Analyst target-2% (11 analysts)
Discounted cash flow
Bear
$30
+26%
growth -6% · disc. 12.6% · term. 2.0%
Base
$46
+93%
growth -1% · disc. 11.6% · term. 2.5%
Bull
$64
+171%
growth 2% · disc. 10.6% · term. 3.0%
A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.
Reverse DCFfor context, not a signal
A normal DCF guesses future cash flows and works out a price. A reverse DCF runs it backwards: it starts from today's price and asks how fast free cash flow would have to grow to justify it. It tells you what the market is assuming, not whether the stock is cheap or expensive, and it is not a buy or sell signal. Glossary
Today's price implies shrinking cash flows: about -9% a year for 10 years.
Implied
-9%/yr
FCF, last 3 yrs
+13%/yr
FCF, last 5 yrs
+28%/yr
Revenue, last 3 yrs
-4%/yr
Revenue, last 5 yrs
+5%/yr
Same inputs as the DCF above: trailing free cash flow 1.4B, 11.6% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2026; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-08-01). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.47 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs Consumer Discretionary
P/E (trailing)
cheaper
sector median 17.7× · 6th pct
8.6×cheaper
Forward P/E
cheaper
sector median 13.4× · 24th pct
9.9×cheaper
EV / EBITDA
cheaper
sector median 11.3× · 0th pct
3.6×cheaper
Price / sales
cheaper
sector median 1.2× · 9th pct
0.3×cheaper
Price / book
cheaper
sector median 2.8× · 24th pct
1.3×cheaper
FCF yield
cheaper
sector median 6.6% · 93rd pct
22.9%cheaper
Forward EPS $2.38 vs trailing $2.73 (-13% expected growth). Forward P/E uses analysts' next-12-month estimate.
Quality & financial health
Gross margin
42.5%
Operating margin
5.0%
FCF margin
6.2%
Net margin
3.3%
Return on equity
15.2%
Return on invested capital
14.3%
Net debt / EBITDA
0.6×
Current ratio
1.6×
Interest cover
8.2×
Cash conversion (OCF/NI)
2.3×
Piotroski F-score 7/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved
Analysts
Mean target
$23
-2%
Analysts
11
Hold
Range
$10–$30
low – high
● price · ◆ mean target
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2026 | $22.6B | $642.0M | $1.1B |
| 2025 | $23.0B | $582.0M | $760.0M |
| 2024 | $23.9B | $45.0M | $674.0M |
| 2023 | $25.4B | $1.1B | $727.0M |
| 2022 | $25.4B | $1.4B | $2.4B |
| 2021 | $17.3B | $-3.9B | $311.0M |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -3.9%.
Earnings
Next report: 2026-12-02 · before open · EPS est -0.13
EstimateActual (beat)Actual (miss)
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-09-10 | 0.37 | 0.40 | +8.7% |
| 2026-06-03 | 0.03 | 0.13 | +360.0% |
| 2026-03-18 | 1.56 | 1.67 | +6.8% |
| 2025-12-03 | -0.13 | 0.09 | +168.2% |
| 2025-09-03 | 0.19 | 0.31 | +66.2% |
| 2025-05-28 | 0.15 | 0.16 | +6.6% |
| 2025-03-06 | 1.54 | 1.80 | +16.7% |
| 2024-12-11 | 0.03 | 0.04 | +58.9% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-07-31 | $5.1B | +1.2% |
| 2026-04-30 | $4.9B | – |
| 2026-01-31 | $7.9B | – |
| 2025-10-31 | $4.9B | – |
| 2025-07-31 | $5.0B | – |
Analyst actions
BTIG
2026-09-11 · reit
Neutral → NeutralUBS
PT $10
2026-08-26 · main
Sell → SellPT $10
Citigroup
PT $24
2026-08-25 · main
Neutral → NeutralPT $24
TD Cowen
PT $25
2026-06-22 · main
Hold → HoldPT $25
Telsey Advisory Group
PT $23
2026-06-04 · main
Market Perform → Market PerformPT $23
Citigroup
PT $22
2026-06-04 · main
Neutral → NeutralPT $22
Recent dividends
2026-09-15: $0.192 · 2026-06-15: $0.192 · 2026-03-13: $0.192 · 2025-12-15: $0.182 · 2025-09-15: $0.182 · 2025-06-13: $0.182 · 2025-03-14: $0.182 · 2024-12-13: $0.174
Insider trades
None
–
None · None
SELL–
News
Macy's (M) Stock Dips While Market Gains: Key Facts
Zacks · 5h ago
Macy's Shows Huge, Unusual Put Option Volume - Is M Stock Set to Drop or Is It Cheap Here?
Barchart · 9h ago
DoorDash Adds Macy’s and a New India Hub. Here’s Why the Stock Still Trades 30% Below Its High
TIKR · 12h ago
Macy's (M) Stock Could Be A Bargain Despite Legal Risk
Simply Wall St. · Oct 16
How DoorDash’s DashOS, Retail Push, AI Tools, And Drone Network At DoorDash (DASH) Has Changed Its Investment Story
Simply Wall St. · Oct 14
Tilly's, CarMax, Monro, OneWater, and Macy's Shares Plummet, What You Need To Know
StockStory · Oct 14
Brooklyn Real Estate Panels Weigh Rent Freeze, Fulton Street
CRE Daily · Oct 14
Macy’s vs. American Eagle: One Dividend Is Growing, the Other Is Standing Still
24/7 Wall St. · Oct 13
Macy's (M) Ascends While Market Falls: Some Facts to Note
Zacks · Oct 12
Macy’s eyes investment-grade rating as S&P revises outlook to positive
Investing.com · Oct 12
Stats refreshed 2026-10-19 19:02:09 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
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