Macy’s, Inc. is one of the largest omnichannel retailers in the US that operates stores, websites and mobile applications. It sells apparel and accessories, cosmetics, home furnishings and other goods under Macy’s, Bloomingdale’s and bluemercury brands. Learn the latest information and analysis on the company, M stock price today, stock news, how much one share costs and other information to help you make investment decisions. Check Gainy app to see insights on stock prices and more.
Macy’s operates over 700 stores in 43 states as well as in the United Arab Emirates and Kuwait. The company, formerly known as Federated Department Stores, was founded in 1830 and has headquarters in New York.
Macy’s stock price had been falling for 5 years leading up to the pandemic from its 2015 highs of almost 70$ and was floored by the 2020 crisis, going down as low as $4, but it has been going up ever since.
The company faced a dip in earnings due to closure of offline venues, but after opening it beat analysts estimates 4 out 4 times in previous quarters. As of February 2022, the stock is getting a very optimistic price target of $50, which makes it a great pick for value investors.
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