Key Highlights:
- Macy's (M, Financial) sustains its quarterly dividend payout with a robust forward yield.
- Analyst consensus indicates a "Hold" position, with moderate upside potential.
- GuruFocus's GF Value suggests Macy's Inc (M) is undervalued, offering a promising upside.
Macy's (M) has maintained its quarterly dividend at $0.1824 per share, reflecting stability in its shareholder return strategy. This dividend offers a forward yield of 5.94%, and will be disbursed on July 1 to shareholders on record as of June 13. Notably, the ex-dividend date is also June 13, aligning with standard settlement procedures.
Analyst Price Target and Recommendations
In the short term, analysts have set a one-year average price target of $12.30 for Macy's Inc (M, Financial). This figure represents a modest upside of 0.49% from the current market price of $12.24. The range of estimates varies significantly, with a high target of $17.00 and a low of $6.00. For further insights into these projections, visit the Macy's Inc (M) Forecast page.
The average brokerage rating for Macy's Inc (M, Financial) is 2.9, which is categorized as "Hold" based on consensus from 12 firms. This rating is derived from a scale where 1 indicates a "Strong Buy" and 5 indicates a "Sell," suggesting a cautious outlook amidst current market conditions.
GF Value and Investment Opportunity
According to GuruFocus estimates, the GF Value for Macy's Inc (M, Financial) over the next year is projected to be $15.23. This estimation highlights a potential upside of 24.43% from the existing share price of $12.24, signaling that the stock might be undervalued. The GF Value is calculated based on historical trading multiples, past growth, and future business performance forecasts. To explore more detailed data on Macy's valuation, check out the Macy's Inc (M) Summary page.
