
Macy's (M) Stock Forecast & Price Target
Macy's (M) Analyst Ratings
Bulls say
Macy's has demonstrated positive momentum with a 1.2% improvement in comparable sales on an owned-plus-licensed-plus-marketplace basis, along with a 0.4% increase on an owned basis during the quarter. Alongside these sales metrics, the company achieved its highest-ever second quarter net promoter score, reflecting enhanced customer engagement and satisfaction. Furthermore, Macy's raised its FY25 earnings per share guidance to a range of $1.70 to $2.05, suggesting increased confidence in its financial performance moving forward.
Bears say
Macy's is facing ongoing financial challenges, with SG&A expenses expected to deleverage by 60 to 80 basis points for the year, indicating operational inefficiencies. Additionally, store rationalization has significantly impacted net sales, contributing to a decline of over 300 basis points in the quarter, which translates to a $170 million loss linked to the closure of 64 stores last year. The cumulative effect of these closures is projected to result in a headwind of approximately $700 million in net sales for fiscal year 2024, further exacerbating the company's overall revenue decline.
This aggregate rating is based on analysts' research of Macy's and is not a guaranteed prediction by Public.com or investment advice.
Macy's (M) Analyst Forecast & Price Prediction
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