NYSE: M
Macy's, Inc.
Consumer Cyclical · Department Stores
Market Cap
$6.35B
52w High
$25.65
52w Low
$10.54
P/E
9.87
Volume
3.95M
Outstanding Shares
263.04M
Valuation Data Insufficient
The DCF model's fair value estimate is more than 3× the current stock price. This typically indicates unreliable model inputs — such as irregular cash flows or balance sheet distortions — rather than a genuine opportunity, so the valuation is not shown.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 118.07% over the last year. Revenue declined 0.35% over the trailing twelve months. Operating margin moved from 3.86% to 4.47%. Free cash flow grew 307.05% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 16th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 4.47%. Revenue declined 0.35% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Macy's, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications.
Valuation
Stock splits
Every 1 shares became 2
Profitability & growth
Analyst consensus
13
Buy
20
Hold
7
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Sep 2, 2026
Q3 FY26 · EPS est $0.36 · Revenue est $4.78B
View
Dividends
$0.75/shareQuarterly4yr growth streakSafeM pays a dividend with a 3.1% dividend yield, 4 consecutive years of growth, covered 5.4× by free cash flow.
Dividend Yield
3.1%
Annual Div / Share
$0.75
5yr CAGR
-9.55%
Dividend has been cut
Payout Ratio
29.39%
Safe
Dividend Growth Rate
3yr CAGR
+5.01%
5yr CAGR
-9.55%
10yr CAGR
-6.79%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$3/mo
In 5 yrs
$3/mo
In 10 yrs
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$31/yr $3/mo | $31/yr $3/mo | $31/yr $3/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 5.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -9.55% is negative, indicating the payout has been cut over this period.