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49.1 (1y: +33%)
Market Cap 18.64 B P/E(ttm) 14.40
Enterprise Value 23.9 B P/B 3.20
M- NYSE (USA)
Macy's Inc
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$49.10
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 0.265
M's Cash to Debt is ranked lower than
54% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 1.55 vs. M: 0.265 )
M' s 10-Year Cash to Debt Range
Min: 0.02   Max: 0.36
Current: 0.27
0.02
0.36
Equity to Asset 0.288
M's Equity to Asset is ranked lower than
58% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 0.52 vs. M: 0.288 )
M' s 10-Year Equity to Asset Range
Min: 0.21   Max: 0.42
Current: 0.29
0.21
0.42
Interest Coverage 6.1
M's Interest Coverage is ranked higher than
56% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 14.50 vs. M: 6.1 )
M' s 10-Year Interest Coverage Range
Min: 1   Max: 6
Current: 6.1
1
6
F-Score: 5
Z-Score: 2.51
M-Score: -2.28
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 9.60
M's Operating margin (%) is ranked higher than
83% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 4.80 vs. M: 9.60 )
M' s 10-Year Operating margin (%) Range
Min: -17.6   Max: 10.8
Current: 9.6
-17.6
10.8
Net-margin (%) 4.8
M's Net-margin (%) is ranked higher than
74% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 3.20 vs. M: 4.8 )
M' s 10-Year Net-margin (%) Range
Min: -19.3   Max: 6.3
Current: 4.8
-19.3
6.3
ROE (%) 22.1
M's ROE (%) is ranked higher than
91% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 7.90 vs. M: 22.1 )
M' s 10-Year ROE (%) Range
Min: -103.4   Max: 22.1
Current: 22.1
-103.4
22.1
ROA (%) 6.4
M's ROA (%) is ranked higher than
76% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 4.10 vs. M: 6.4 )
M' s 10-Year ROA (%) Range
Min: -21.7   Max: 6.4
Current: 6.4
-21.7
6.4
ROC (Joel Greenblatt) (%) 28.70
M's ROC (Joel Greenblatt) (%) is ranked higher than
78% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 15.70 vs. M: 28.70 )
M' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -37.4   Max: 28.7
Current: 28.7
-37.4
28.7
Revenue Growth (%) 4.9
M's Revenue Growth (%) is ranked higher than
78% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 0.00 vs. M: 4.9 )
M' s 10-Year Revenue Growth (%) Range
Min: -2.4   Max: 7.3
Current: 4.9
-2.4
7.3
EBITDA Growth (%) 13.8
M's EBITDA Growth (%) is ranked higher than
89% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 0.00 vs. M: 13.8 )
M' s 10-Year EBITDA Growth (%) Range
Min: -2.2   Max: 15
Current: 13.8
-2.2
15
EPS Growth (%) 40.6
M's EPS Growth (%) is ranked higher than
97% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 0.00 vs. M: 40.6 )
M' s 10-Year EPS Growth (%) Range
Min: -17.7   Max: 40.6
Current: 40.6
-17.7
40.6
» M's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

M Guru Trades in Q2 2012

PRIMECAP Management 807,900 sh (New)
Jim Simons 2,076,864 sh (New)
Jim Chanos 251,550 sh (+129.62%)
Ray Dalio 277,000 sh (+77.34%)
Joel Greenblatt 33,314 sh (+48.95%)
Jeremy Grantham 374,063 sh (+27.77%)
Robert Olstein 258,300 sh (+2.09%)
Brian Rogers 3,723,600 sh (unchged)
Lee Ainslie Sold Out
Jean-Marie Eveillard Sold Out
Mario Gabelli 880,745 sh (-0.42%)
Paul Tudor Jones 106,100 sh (-1.49%)
Ken Heebner 1,190,000 sh (-1.65%)
Pioneer Investments 1,898,040 sh (-5.02%)
Richard Snow 1,583,375 sh (-11.81%)
Dodge & Cox 36,212 sh (-19.02%)
George Soros 760,000 sh (-47.4%)
Steven Cohen 521,787 sh (-54.34%)
David Tepper 102,865 sh (-77.97%)
Bruce Kovner 100,000 sh (-86.16%)
» More
Q3 2012

M Guru Trades in Q3 2012

Lee Ainslie 5,651,279 sh (New)
John Hussman 750,000 sh (New)
Steven Cohen 1,414,677 sh (+171.12%)
Pioneer Investments 4,172,431 sh (+119.83%)
George Soros 1,200,000 sh (+57.89%)
Paul Tudor Jones 158,000 sh (+48.92%)
PRIMECAP Management 846,100 sh (+4.73%)
Jim Chanos 251,550 sh (unchged)
Brian Rogers 3,723,600 sh (unchged)
David Tepper 102,865 sh (unchged)
Jim Simons Sold Out
Mario Gabelli 880,124 sh (-0.07%)
Jeremy Grantham 365,963 sh (-2.17%)
Robert Olstein 244,500 sh (-5.34%)
Richard Snow 1,381,676 sh (-12.74%)
Ray Dalio 228,928 sh (-17.35%)
Dodge & Cox 29,612 sh (-18.23%)
Ken Heebner 960,000 sh (-19.33%)
Bruce Kovner 59,228 sh (-40.77%)
Joel Greenblatt 6,123 sh (-81.62%)
» More
Q4 2012

M Guru Trades in Q4 2012

Jean-Marie Eveillard 1,127,653 sh (New)
Joel Greenblatt 92,180 sh (+1405.47%)
Bruce Kovner 510,000 sh (+761.08%)
Lee Ainslie 7,539,351 sh (+33.41%)
Pioneer Investments 4,747,016 sh (+13.77%)
Robert Olstein 269,000 sh (+10.02%)
Brian Rogers 3,723,600 sh (unchged)
Jeremy Grantham 236,647 sh (unchged)
Ken Heebner 960,000 sh (unchged)
David Tepper Sold Out
Paul Tudor Jones Sold Out
Jim Chanos Sold Out
PRIMECAP Management 817,900 sh (-3.33%)
Richard Snow 1,329,463 sh (-3.78%)
Mario Gabelli 804,524 sh (-8.59%)
George Soros 1,080,000 sh (-10%)
Dodge & Cox 20,272 sh (-31.54%)
Ray Dalio 155,728 sh (-31.98%)
Steven Cohen 599,164 sh (-57.65%)
» More
Q1 2013

M Guru Trades in Q1 2013

Paul Tudor Jones 8,100 sh (New)
Jim Simons 2,392,164 sh (New)
Ray Dalio 244,228 sh (+56.83%)
Steven Cohen 675,610 sh (+12.76%)
Robert Olstein 277,000 sh (+2.97%)
Richard Snow 1,335,725 sh (+0.47%)
Brian Rogers 3,723,600 sh (unchged)
George Soros 1,080,000 sh (unchged)
Bruce Kovner Sold Out
Jean-Marie Eveillard Sold Out
Ken Heebner Sold Out
Mario Gabelli 789,354 sh (-1.89%)
Pioneer Investments 4,408,590 sh (-7.13%)
Lee Ainslie 6,614,086 sh (-12.27%)
Dodge & Cox 17,772 sh (-12.33%)
PRIMECAP Management 472,200 sh (-42.27%)
Joel Greenblatt 10,252 sh (-88.88%)
Jeremy Grantham 12,908 sh (-94.55%)
» More
» Details

Insider Trades

Latest Guru Trades with M

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Reduce -88.88%0.19%$36.69 - $42.66 $ 49.3224%10252
Jean-Marie Eveillard 2013-03-31 Sold Out 0.16%$36.69 - $42.66 $ 49.3224%0
Ray Dalio 2013-03-31 Add 56.83%0.03%$36.69 - $42.66 $ 49.3224%244228
PRIMECAP Management 2013-03-31 Reduce -42.27%0.02%$36.69 - $42.66 $ 49.3224%472200
Lee Ainslie 2012-12-31 Add 33.41%1.1%$37.08 - $41.73 $ 49.3226%7539351
Joel Greenblatt 2012-12-31 Add 1405.47%0.2%$37.08 - $41.73 $ 49.3226%92180
Jean-Marie Eveillard 2012-12-31 New Buy0.16%$37.08 - $41.73 $ 49.3226%1127653
Ray Dalio 2012-12-31 Reduce -31.98%0.04%$37.08 - $41.73 $ 49.3226%155728
Dodge & Cox 2012-12-31 Reduce -31.54%$37.08 - $41.73 $ 49.3226%20272
Lee Ainslie 2012-09-30 New Buy2.8%$32.84 - $40.48 $ 49.3233%5651279
John Hussman 2012-09-30 New Buy0.68%$32.84 - $40.48 $ 49.3233%750000
George Soros 2012-09-30 Add 57.89%0.27%$32.84 - $40.48 $ 49.3233%1200000
Joel Greenblatt 2012-09-30 Reduce -81.62%0.07%$32.84 - $40.48 $ 49.3233%6123
Lee Ainslie 2012-06-30 Sold Out 1.9%$33.3 - $42.03 $ 49.3230%0
George Soros 2012-06-30 Reduce -47.4%0.4%$33.3 - $42.03 $ 49.3230%760000
Jean-Marie Eveillard 2012-06-30 Sold Out 0.09%$33.3 - $42.03 $ 49.3230%0
Ray Dalio 2012-06-30 Add 77.34%0.06%$33.3 - $42.03 $ 49.3230%277000
PRIMECAP Management 2012-06-30 New Buy0.05%$33.3 - $42.03 $ 49.3230%807900
Joel Greenblatt 2012-06-30 Add 48.95%0.03%$33.3 - $42.03 $ 49.3230%33314
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about Macy's Inc

Value Idea Contest: Kohl's (KSS)
March 11, 2013
- Value Idea Contest: Kohl's (KSS)
The Kohl's History Read more...
Macy's, an Improving Story
June 3, 2012
- Macy's, An Improving Story
Macy's (M) is a retail organization operating department stores and online stores under two brands (Macy's and Bloomingdale's) that sells a wide range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. Women's apparel and accessories account for more than 60% of sales. The business overall is simple, just to buy goods from suppliers and sell to customers. The complicated things are the hows. For example, how to initiate and execute strategies to grow sales and expand margins, how to compete with peers, how to build long-term relationships with customers and so on. Those are also the things that differentiate the company and give the company competitive advantages. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 14.40
M's P/E(ttm) is ranked higher than
71% of the 811 Companies
in the Global Department Stores industry.

( Industry Median: 16.70 vs. M: 14.40 )
M' s 10-Year P/E(ttm) Range
Min: 3.6   Max: 469.43
Current: 14.4
3.6
469.43
P/B 3.20
M's P/B is ranked lower than
56% of the 953 Companies
in the Global Department Stores industry.

( Industry Median: 1.58 vs. M: 3.20 )
M' s 10-Year P/B Range
Min: 0.03   Max: 3.25
Current: 3.2
0.03
3.25
P/S 0.71
M's P/S is ranked higher than
60% of the 992 Companies
in the Global Department Stores industry.

( Industry Median: 0.70 vs. M: 0.71 )
M' s 10-Year P/S Range
Min: 0.03   Max: 0.94
Current: 0.71
0.03
0.94
PFCF 52.00
M's PFCF is ranked lower than
60% of the 739 Companies
in the Global Department Stores industry.

( Industry Median: 20.11 vs. M: 52.00 )
M' s 10-Year PFCF Range
Min: 2.68   Max: 69.93
Current: 52
2.68
69.93
EV-to-EBIT 8.8
M's EV-to-EBIT is ranked higher than
77% of the 818 Companies
in the Global Department Stores industry.

( Industry Median: 12.39 vs. M: 8.8 )
M' s 10-Year EV-to-EBIT Range
Min: 6.1   Max: 34
Current: 8.8
6.1
34
Shiller P/E 1394.9
M's Shiller P/E is ranked lower than
100% of the Companies
in the Global Department Stores industry.

( Industry Median: vs. M: 1394.9 )
M' s 10-Year Shiller P/E Range
Min: 2.7   Max: 1394.9
Current: 1394.9
2.7
1394.9

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.72
M's Dividend Yield is ranked higher than
61% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 1.25 vs. M: 1.72 )
M' s 10-Year Dividend Yield Range
Min: 0.28   Max: 9.18
Current: 1.72
0.28
9.18
Dividend Payout 0.2362
M's Dividend Payout is ranked higher than
70% of the 598 Companies
in the Global Department Stores industry.

( Industry Median: 0.40 vs. M: 0.2362 )
M' s 10-Year Dividend Payout Range
Min: 0.1   Max: 0.28
Current: 0.24
0.1
0.28
Dividend growth (3y) 41.4
M's Dividend growth (3y) is ranked higher than
99% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 0.00 vs. M: 41.4 )
M' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 41.4
Current: 41.4
0
41.4
Yield on cost (5-Year) 3.40
M's Yield on cost (5-Year) is ranked higher than
81% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 1.19 vs. M: 3.40 )
M' s 10-Year Yield on cost (5-Year) Range
Min: 0.56   Max: 18.38
Current: 3.4
0.56
18.38
Share Buyback Rate 0.7
M's Share Buyback Rate is ranked higher than
93% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 0.00 vs. M: 0.7 )
M' s 10-Year Share Buyback Rate Range
Min: 6.2   Max: -10
Current: 0.7

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 6.7
M's Price/Net Current Asset Value is ranked higher than
63% of the 894 Companies
in the Global Department Stores industry.

( Industry Median: 7.30 vs. M: 6.7 )
M' s 10-Year Price/Net Current Asset Value Range
Min: 1.3   Max: 7.5
Current: 6.7
1.3
7.5
Price/Tangible Book 11.2
M's Price/Tangible Book is ranked lower than
69% of the 868 Companies
in the Global Department Stores industry.

( Industry Median: 2.00 vs. M: 11.2 )
M' s 10-Year Price/Tangible Book Range
Min: 1   Max: 24.1
Current: 11.2
1
24.1
Price/DCF (Projected) 1.3
M's Price/DCF (Projected) is ranked higher than
66% of the 447 Companies
in the Global Department Stores industry.

( Industry Median: 1.30 vs. M: 1.3 )
M' s 10-Year Price/DCF (Projected) Range
Min: 0.2   Max: 1.1
Current: 1.3
0.2
1.1
Price/Median PS Value 1.4
M's Price/Median PS Value is ranked lower than
54% of the 927 Companies
in the Global Department Stores industry.

( Industry Median: 1.10 vs. M: 1.4 )
M' s 10-Year Price/Median PS Value Range
Min: 0.1   Max: 1.7
Current: 1.4
0.1
1.7
Price/Graham Number 2.8
M's Price/Graham Number is ranked lower than
59% of the 733 Companies
in the Global Department Stores industry.

( Industry Median: 1.30 vs. M: 2.8 )
M' s 10-Year Price/Graham Number Range
Min: 0.6   Max: 4.5
Current: 2.8
0.6
4.5
Earnings Yield (Greenblatt) 11.30
M's Earnings Yield (Greenblatt) is ranked higher than
81% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 6.80 vs. M: 11.30 )
M' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.9   Max: 16.3
Current: 11.3
2.9
16.3
Forward Rate of Return (Yacktman) 0.63
M's Forward Rate of Return (Yacktman) is ranked higher than
75% of the 1044 Companies
in the Global Department Stores industry.

( Industry Median: 0.00 vs. M: 0.63 )
M' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -0.2   Max: 61.4
Current: 0.63
-0.2
61.4

Business Description

Macy's, Inc. was organized under the laws of the State of Delaware in 1985. The Company and its predecessors have been operating department stores since 1830. On June 1, 2007, the Company changed its corporate name from Federated Department Stores, Inc. to Macy's, Inc. The Company is a retail organization operating retail stores and Internet websites under two brands, Macy's and Bloomingdale's, that sell a range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico. The specific assortments vary by size of store, merchandising character and character of customers in the trade areas. Most stores are located at urban or suburban sites, mainly in densely populated areas across the United States. The Company's operations are conducted through four retail operating divisions - Macy's, macys.com, Bloomingdale's, and bloomingdales.com. The principal private label brands currently offered by Macy's include Alfani, American Rag, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, greendog, Holiday Lane, Hotel Collection, I-N-C, jenni by jennifer moore, John Ashford, JM Collection, Karen Scott, Martha Stewart Collection, Morgan Taylor, Style & Co., Tasso Elba, the cellar, Tools of the Trade, and Via Europa. The trademarks associated with all of the foregoing brands, other than the American Rag and Martha Stewart Collection brands, are owned by Macy's. The Company conducts its retail merchandising business under highly competitive conditions. It has numerous and varied competitors at the national and local levels, including conventional and specialty department stores, other specialty stores, category killers, mass merchants, value retailers, discounters, and Internet and mail-order retailers. Competition is characterized by many factors, including assortment, advertising, price, quality, service, location, reputation and credit availability. The Company is subject to customs, child labor, truth-in-advertising and other laws, including consumer protection regulations and zoning and occupancy ordinances that regulate retailers generally and/or govern the importation, promotion and sale of merchandise and the operation of retail stores and warehouse facilities.
Company Website
SEC Reports
Industry: Department Stores
Compare:DFIHY, SRHGY, JWN, KSS, MAKSY
Traded in other countries:FDO.Germany
» More Articles for M

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