|Bid||23.45 x 1000|
|Ask||23.49 x 1100|
|Day's range||22.46 - 23.59|
|52-week range||15.68 - 37.95|
|Beta (5Y monthly)||1.93|
|PE ratio (TTM)||8.72|
|Earnings date||21 Feb 2022 - 25 Feb 2022|
|Forward dividend & yield||0.63 (2.92%)|
|Ex-dividend date||14 Mar 2022|
|1y target est||31.77|
Macy's (NYSE: M) announced fiscal 2022 first-quarter earnings before the markets opened on Thursday, May 26. In its fiscal first quarter, which ended April 30, Macy's reported net sales of $5.35 billion. Thankfully for shareholders, supply shortages have not materially hurt Macy's. On the contrary, because the industry has seen shortages, Macy's capitalized on the decreased competitive pressure to sell products at higher margins.
Shares of department store owner Macy's (NYSE: M) popped 27.3% this week, according to S&P Global Market Intelligence. The retailer posted solid first-quarter results that were above analyst expectations and reiterated its full-year guidance. On May 26, Macy's reported its quarterly earnings for the first three months of 2022.
Though it has yet to fully earn the confidence of investors, the retailer is moving in the right direction.