Macy's (M) Raises Quarterly Dividend 5% to $0.1575; Announces New $2B Buyback

Macy's (M) PT Lowered to $40 at Jefferies

Jefferies analyst Stephanie Wissink lowered the price target on Macy's (NYSE: M) to $40.00 (from $45.00) while maintaining a Buy rating following results.

The analyst commented, "M beat Q4, guided FY22 above the Street, and issued 3YR targets of +LSD% sales growth and LDD% EBITDA... More

Macy's (M) Will Not Spin-Off E-Commerce Unit

Macy's (NYSE: M) said after a review it will not spin-off its e-commerce, which some activists had been calling for.

The companys Board of Directors, with the assistance of independent financial, legal and third-party advisors and the companys management team, completed a lengthy comprehensive review of the companys e-commerce and brick-and-mortar operations to consider the best path forward for Macys, Inc. to... More

Macy's (M) Announces Results of Comprehensive Business Review

Macy's (NYSE: M) announced:

The companys Board of Directors, with the assistance of independent financial, legal and third-party advisors and the companys management team, completed a lengthy comprehensive review of the companys e-commerce and brick-and-mortar operations to consider the best path forward for Macys, Inc. to enhance value for shareholders. The review included the evaluation of a variety... More

Macy's (M) Tops Q4 EPS by 49c, Comps Rise 28.3%; Won't Spin-Off E-Commerce Unit

Macy's (NYSE: M) reported Q4 EPS of $2.45, $0.49 better than the analyst estimate of $1.96. Revenue for the quarter came in at $8.67 billion versus the consensus estimate of $8.43 billion. Comparable sales up 28.3% on an owned basis and up 27.8% on an owned-plus-licensed basis versus Q4 2020; up 6.6% and up 6.1%,... More