Guggenheim has initiated coverage on Macy's Inc (M) with a Neutral rating, marking the firm's first assessment of the retailer's investment potential. This decision reflects an analysis of Macy's business operations, industry dynamics, and growth prospects.
Macy's Inc operates in the retail sector, providing a wide range of consumer goods, including apparel, accessories, and home furnishings. Headquartered in New York City, the company employs 94,189 full-time staff and operates under well-known brands such as Macy's, Bloomingdale's, and Bluemercury. Currently, Macy's has a market capitalization of $6.0 billion and a price-to-earnings ratio (P/E) of 12.66, with earnings per share (EPS) reported at $1.70.
The company's upcoming earnings report is scheduled for May 26, 2026, with an EPS estimate of $0.17 and revenue expectations of $4.6 billion. Recent performance has seen Macy's exceed earnings expectations in several recent quarters, including a notable surprise of 162.7% in Q3 2026.
Analyst ratings, such as Guggenheim's, serve as professional opinions based on extensive research and financial modeling. While they provide valuable insights, these assessments depend on assumptions that may not always hold true. Investors are encouraged to consider a range of factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can evolve as new information becomes available, leading to varied perspectives on the same stock.