Macy's: Surviving The Dreary Winter

Jan. 09, 2023 12:52 PM ETMacy's, Inc. (M) StockM27 Comments

Summary

  • Macy's updated FQ4 numbers with the target shifted to the low-end to mid-point of the prior range.
  • The department store retailer is still guiding to a $4+ EPS in a very tough year.
  • The stock has upside due to a return to prior strong financials combined with much lower share counts boosting EPS.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »

Sixth avenue after snow storm in New York City

Masha Zolotukhina/iStock Editorial via Getty Images

In no huge surprise, Macy's (NYSE:M) updated holiday quarter forecasts to the lower end of prior estimates. The department store retailer faced a tough retail environment, but investors need to not over

If you'd like to learn more about how to best position yourself for a rally in beaten down stocks due to COVID-19, consider joining Out Fox The Street

The service offers a model portfolio, daily updates, trade alerts and real-time chat. Sign up now for access to legacy pricing available to the next 15 subscribers. 

This article was written by

52.54K Followers

Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager.

Mark leads the investing group

Out Fox The Street

where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions.

Learn more

.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of M either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About M Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on M

Related Stocks

SymbolLast Price% Chg
M
--