Macy's
About: Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and more than 160 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 62% of Macy's 2023 sales.
Employees: 85,581
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
25% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]
18% more capital invested
Capital invested by funds: $3.25B [Q3] → $3.84B (+$594M) [Q4]
7.05% more ownership
Funds ownership: 74.7% [Q3] → 81.75% (+7.05%) [Q4]
5% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 129
9% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 64
5% less funds holding
Funds holding: 419 [Q3] → 397 (-22) [Q4]
28% less call options, than puts
Call options by funds: $242M | Put options by funds: $336M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Telsey Advisory Group Dana Telsey 49% 1-year accuracy 94 / 190 met price target | 14%upside $17 | Market Perform Maintained | 14 Jan 2025 |
JP Morgan Matthew Boss 52% 1-year accuracy 40 / 77 met price target | 34%upside $20 | Overweight Maintained | 8 Jan 2025 |
Gordon Haskett Chuck Grom 33% 1-year accuracy 2 / 6 met price target | 34%upside $20 | Buy Upgraded | 16 Dec 2024 |
UBS Jay Sole 47% 1-year accuracy 25 / 53 met price target | 40%downside $9 | Sell Maintained | 12 Dec 2024 |
Morgan Stanley Alex Straton 63% 1-year accuracy 20 / 32 met price target | 7%upside $16 | Equal-Weight Maintained | 12 Dec 2024 |
Financial journalist opinion
Based on 42 articles about M published over the past 30 days
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