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Macy's: An Undervalued Hidden Asset Play
Seeking Alpha· 2025-04-28 08:36
Group 1 - The article discusses Macy's, Inc. and its "Bold New Chapter" strategy, which was previously analyzed six months ago with a hold rating [1] - The author aims to identify a company's intrinsic value and find solid companies trading at a steep discount, drawing inspiration from George Soros [1] Group 2 - The author has a background in Philosophy with degrees from UCLA and the University of Oklahoma, and plans to pursue an MBA in Business with a focus on finance [1]
Macy's (M) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-04-23 22:55
Group 1 - Macy's stock closed at $10.80, reflecting a -0.28% change from the previous day, underperforming compared to the S&P 500's gain of 1.67% [1] - Over the past month, Macy's stock has decreased by 20.25%, significantly worse than the Retail-Wholesale sector's loss of 4.21% and the S&P 500's loss of 6.57% [1] Group 2 - Upcoming earnings disclosure is expected to show an EPS of $0.14, a decline of 48.15% year-over-year, with projected net sales of $4.47 billion, down 7.86% from the previous year [2] - For the entire fiscal year, earnings are estimated at $2.12 per share and revenue at $21.27 billion, indicating declines of -19.7% and -4.6% respectively from the prior year [3] Group 3 - Recent adjustments to analyst estimates for Macy's reflect changing short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Macy's at 4 (Sell), with no changes in the EPS estimate over the last 30 days [6] Group 4 - Macy's is trading at a Forward P/E ratio of 5.1, which is significantly lower than the industry average of 11.48, indicating a discount compared to its peers [7] - The Retail - Regional Department Stores industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 228, placing it in the bottom 9% of over 250 industries [7]
Macy's (M) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-04-17 22:56
Company Performance - Macy's closed at $11.13, reflecting a +1.09% increase from the previous day, outperforming the S&P 500's gain of 0.13% [1] - Over the past month, Macy's shares have declined by 19.28%, while the Retail-Wholesale sector and S&P 500 have decreased by 5.65% and 6.3%, respectively [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.14, a decrease of 48.15% compared to the same quarter last year [2] - Revenue is projected at $4.47 billion, indicating a 7.86% decline from the equivalent quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated to be $2.12 per share, down 19.7% from the previous year, with revenue expected to be $21.27 billion, reflecting a 4.6% decrease [3] Analyst Revisions - Recent changes in analyst estimates for Macy's are crucial as they indicate evolving short-term business trends, with positive revisions suggesting analyst optimism [3][4] Zacks Rank and Valuation - Macy's currently holds a Zacks Rank of 4 (Sell), with a Forward P/E ratio of 5.19, which is a discount compared to the industry average of 11.21 [5] - The Zacks Rank system has historically outperformed, with 1 stocks returning an average annual gain of +25% since 1988 [5] Industry Context - The Retail - Regional Department Stores industry is ranked 231 in the Zacks Industry Rank, placing it in the bottom 7% of over 250 industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating the relative weakness of the current industry ranking [6]
Macy's clawing back executives' bonuses linked to accounting scandal caused by rogue worker
New York Post· 2025-04-02 17:41
Core Insights - Macy's is demanding the return of bonuses totaling $609,613 that were overpaid to executives due to an accounting scandal involving a rogue employee [1][3] - The company has already recovered $257,520 of the overpaid funds and is seeking to recover the remaining $352,093 in accordance with its clawback policy during fiscal 2025 [2][3] - The accounting scandal involved the concealment of $154 million in delivery expenses over several years, which artificially inflated executive compensation [1][4] Company Actions - Macy's has initiated a clawback process to recover the erroneously awarded compensation from the affected executives [3] - The company has not disclosed the identities of the executives involved in the scandal [3] - The rogue employee responsible for the accounting cover-up was fired and acted alone without personal gain [4][5] Financial Context - The accounting cover-up led to a delay in Macy's quarterly earnings report and negatively impacted its stock price [4] - Macy's is also closing 150 underperforming stores by 2027, indicating a strategic shift in response to market challenges [6] - Recent guidance for sales and profits fell short of Wall Street expectations, attributed to inflation and tariff uncertainties [6]
Macy's executives will have to pay back over $600,000 after an accounting scandal inflated their bonuses
Business Insider· 2025-04-02 16:26
Macy's executives will have to pay back hundreds of thousands of dollars in bonus payments as a result of an accounting scandal, the department store firm said on Tuesday. The retailer overstated one of its earnings measures by $81 million in 2023, the company said in a filing with the SEC. That metric influenced how much Macy's executives were paid in bonuses the following year.As a result, some execs will have to pay back a cumulative $609,613 in cash bonuses that the company awarded them through the end ...
Myriad Uranium Appoints Eduards Smirnovs as Industry Advisor
Newsfile· 2025-04-01 11:30
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that Eduards Smirnovs has been appointed external Industry Advisor to the Company. Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which pr ...
Macy's(M) - 2025 Q4 - Annual Report
2025-03-21 20:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13536 Macy's, Inc. (Address of Principal Executive Offices, including Zip Code) (Registrant's telephone number, including area c ...
Myriad Uranium Reports Chemical Assays on 20 Copper Mountain Boreholes. Confirmed U3O8 Grades Are 20% Higher on Average than Previously Reported Gamma Grades.
Newsfile· 2025-03-17 11:30
Core Insights - Myriad Uranium Corp. has reported that the chemical assay grades of U3O8 from 20 boreholes at the Copper Mountain Uranium Project are, on average, 20% higher than previously reported gamma probe results, indicating significant uranium mineralization [2][4][31] - The results suggest the presence of extensive higher-grade uranium mineralization that was previously undetected, which may have positive implications for historical resource estimates [4][5][23] Summary by Sections Company Overview - Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project in Wyoming, which has a history of uranium mining and exploration, including significant investment by Union Pacific in the late 1970s [31][32] - The project area has seen extensive drilling, with approximately 2,000 boreholes completed, indicating substantial exploration potential [31] Recent Developments - The company announced the results of chemical assays from 20 boreholes, confirming high-grade uranium mineralization at the Canning Deposit [2][4] - The average U3O8 grades from the chemical assays are 20% higher than the previously reported equivalent spectral gamma probe results, indicating a potential disequilibrium in the uranium system [2][4][23] Technical Insights - The assays revealed that many intervals previously thought to contain low uranium concentrations based on gamma probe results actually have significantly higher concentrations, which could lead to a reassessment of the project's resource potential [4][5] - The highest grade reported so far is 8,325 ppm U3O8, an increase from the previously reported 8,060 ppm [7] Future Actions - Myriad plans to expand its drilling and sampling program to include intervals previously excluded as "low-grade" based on gamma probe results, with additional assays from 14 remaining boreholes pending [4][5] - The company is considering the implications of the new assay results on historical estimates and will conduct further analyses to understand the causes of the observed disequilibrium [4][23]
Macy's: Attractive Even With Mixed Guidance
Seeking Alpha· 2025-03-12 05:20
Group 1 - Macy's shares have underperformed over the past year, losing approximately 30% of their value as investors express impatience with the company's business transformation efforts [1] - The company has declined interest from potential buyers, indicating a strategic decision to continue its transformation independently [1]
Macy's(M) - 2025 Q4 - Earnings Call Transcript
2025-03-06 20:33
Macy’s (M) Q4 2025 Earnings Call March 06, 2025 04:33 PM ET Company Participants Pamela Quintiliano - Vice President - Investor RelationsTony Spring - Chairman & CEOAdrian Mitchell - COO & CFOAshley Helgans - Senior Vice PresidentOliver Chen - Managing Director - Retail, Luxury, New Platforms Sector HeadDana Tesley - CEO & CRO Conference Call Participants Matthew Boss - AnalystBrooke Roach - AnalystTracy Kogan - Analyst Operator Greetings, and welcome to the Macy's Inc. Fourth Quarter twenty twenty four Ear ...