Core Insights - Macy's is experiencing a decline in customer behavior during the critical holiday season, with net sales decreasing by 0.6% year-over-year in Q3 [1] - The company's net sales at its namesake stores fell by 2.3%, and net income dropped to $11 billion, a 60% decrease compared to the same quarter last year [2] - Foot traffic at Macy's stores declined by almost 11% year-over-year, indicating weakening consumer demand [2] Consumer Behavior and Economic Impact - The decline in customer behavior follows price increases implemented earlier this year, coinciding with tariff policies that have made consumers more cautious about spending [3] - Approximately 87% of consumers are concerned about tariffs affecting their finances, with 63% worried about rising prices of everyday goods [8] - 82% of consumers plan to alter their shopping habits due to tariffs, including cutting back on nonessential spending and seeking discounts [8] Company Strategy - Macy's COO stated that the impact of tariffs has been less severe than anticipated due to proactive measures like cost negotiations and vendor discounting [6] - The company plans to continue these efforts to mitigate tariff impacts and monitor ongoing tariff situations [7]

Core Viewpoint - Goldman Sachs has raised its price target for Macy's Inc. to $22, indicating a more optimistic outlook despite a potential downside of about -4.20% from the current trading price [1][2][6] Group 1: Stock Performance - Macy's stock is currently priced at $22.91, with a daily increase of approximately 2.62%, or $0.59 [4] - The stock has experienced a low of $22.50 and a high of $22.97 today, showing significant volatility [4] - Over the past year, Macy's stock has fluctuated between a high of $23.27 and a low of $9.76 [4] Group 2: Market Capitalization and Trading Activity - Macy's has a market capitalization of around $6.07 billion [5][6] - The trading volume today is 2,280,413 shares, indicating strong investor interest [5][6] Group 3: Investor Sentiment - Macy's is attracting attention from momentum investors, highlighted by its Momentum Style Score of A from Zacks Investment Research [3][6] - The raised price target reflects a positive shift in expectations for the company's stock, despite the current price being slightly above the new target [2][6]

Core Viewpoint - Macy's has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system focuses on the consensus measure of EPS estimates from sell-side analysts, which reflects the company's changing earnings picture [1][2]. - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, particularly influenced by institutional investors [4]. Business Outlook for Macy's - The rising earnings estimates and the Zacks rating upgrade suggest an improvement in Macy's underlying business, which could lead to increased stock prices as investors respond positively [5][10]. - For the fiscal year ending January 2026, Macy's is expected to earn $2.08 per share, with a 12.5% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10].

We recently published 10 Stocks Losing Their Fire. Macy’s Inc. (NYSE:M) is one of the worst performers on Thursday. Macy’s extended its losing streak to a third straight day on Thursday, shedding 0.62 percent to close at $22.32 apiece as investors took path from its earnings performance in the third quarter of the year. At intra-day trading, the stock dropped by as much as 3.6 percent. Pixabay/Public Domain In an updated report, Macy’s Inc. (NYSE:M) said net income dwindled by 60.7 percent to $11 mill ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Macy's (M) - Macy's currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3] Performance Metrics - Over the past week, Macy's shares increased by 11.13%, outperforming the Zacks Retail - Regional Department Stores industry, which rose by 9.57% [5] - In the last month, Macy's shares rose by 8.24%, while the industry saw a slightly higher increase of 9.84% [5] - Over the past three months, Macy's shares have risen by 31.81%, and over the last year, they are up 34.17%, significantly outperforming the S&P 500, which increased by 6.55% and 14.51% respectively [6] Trading Volume - Macy's has an average 20-day trading volume of 6,790,960 shares, which is a useful indicator of market interest and price movement [7] Earnings Outlook - In the past two months, three earnings estimates for Macy's have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.96 to $2.00 [9] - For the next fiscal year, three estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Macy's is positioned as a promising investment opportunity with a Momentum Score of A [10]

Core Viewpoint - Macy's shares have shown significant performance, with an 8.2% increase over the past month and a 32.7% gain since the start of the year, outperforming both the Zacks Retail-Wholesale sector and the Zacks Retail - Regional Department Stores industry [1] Company Performance - Macy's has consistently exceeded earnings expectations, reporting an EPS of $0.09 against a consensus estimate of -$0.13 in its last earnings report [2] - For the current fiscal year, Macy's is projected to earn $2 per share on revenues of $21.4 billion, reflecting a -24.24% change in EPS and a -4% change in revenues [3] Valuation Metrics - Macy's currently trades at 11.2X current fiscal year EPS estimates, significantly lower than the peer industry average of 18.3X, and at 3.8X trailing cash flow compared to the peer group's average of 8.2X, indicating strong value potential [7] - The stock has a Value Score of A, Growth Score of B, and Momentum Score of A, resulting in a combined VGM Score of A, making it appealing for value investors [6] Zacks Rank - Macy's holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, suggesting potential for further price appreciation [8] Industry Comparison - The Retail - Regional Department Stores industry is performing well, ranking in the top 3% of all industries, providing favorable conditions for both Macy's and its peer Dillard's, which has a Zacks Rank of 1 (Strong Buy) [11]

Core Insights - Myriad Uranium Corp. has completed a large-scale helicopter-borne radiometric and magnetic survey across its Copper Mountain Uranium Project, marking a significant step in understanding the project's potential [1][2][3] Survey Details - The geophysical survey was conducted by Precision Geosurveys using an Airbus AS350 helicopter, covering approximately 191.8 km² with 2,114 line-kilometers completed at 100 m line spacing [4] - Magnetic data was collected using a cesium vapor airborne magnetometer with a sensitivity better than 0.01 nT and a sampling rate of 20 Hz, while radiometric data was collected using a gamma spectrometer system [5] - Preliminary uncorrected magnetic and radiometric images have been received, with final processed data expected in January 2026 [6] Historical Context - The historical data set includes a 1982 Bendix study estimating the broader district's contained uranium at approximately 655 million pounds, with the "Contral Area" controlled by Myriad estimated at around 245 million pounds [3] - The survey aims to illuminate previously underexplored areas at Copper Mountain, enhancing the understanding of the Bendix findings [3] Company Background - Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project, which has known uranium deposits and historic mines, including the Arrowhead Mine that produced 500,000 lbs of U3O8 [11] - The project has significant exploration upside, with Union Pacific having spent approximately C$117 million (2024 dollars) on exploration and development [11]

Core Viewpoint - Macy's reported a significant decline in key performance indicators for Q3 of FY2025, primarily due to tariff impacts and changing consumer preferences [2]. Financial Performance - Net income for the third quarter was approximately $11 million, a substantial decrease from $28 million in the same period last year [2]. - Net sales revenue fell by 0.6% year-over-year, totaling around $4.7 billion [2]. - Gross profit margin was reported at 39.4%, lower than the previous fiscal year's margin [2]. Future Outlook - The company expressed a cautious outlook for Q4, anticipating net sales revenue between $7.35 billion and $7.5 billion, which includes the year-end shopping season [2]. - Adjusted diluted earnings per share are expected to be between $1.35 and $1.55, falling short of market expectations [2]. Strategic Adjustments - Macy's has been undergoing significant layoffs and store closures in response to the rapid growth of online retail and shifts in consumer preferences [2]. - In 2024, the company announced a strategic shift to continue closing stores while expanding online sales channels, small-format stores, and high-end retail operations [2].

Core Viewpoint - Macy's reported a significant decline in key performance indicators for Q3 of fiscal year 2025, primarily due to the negative impact of tariffs [1] Financial Performance - The net income for Macy's in Q3 2025 was approximately $11 million, a substantial decrease from $28 million in the same period of the previous fiscal year [1]

Core Insights - Macy's reported its strongest growth in over three years during the third quarter, marking its third consecutive quarterly sales beat, indicating a successful turnaround strategy [1][5] Company Strategy - Macy's is implementing a turnaround strategy focused on reducing the number of locations while enhancing the quality of remaining stores, planning to close around 150 low-performing locations by 2027, with nearly 70 closures already this year [2] - The "Reimagine" campaign has revitalized 125 stores, which is about one-third of the 350 locations the company aims to keep open globally [3] Financial Performance - Comparable sales growth for the third quarter increased by 3.2%, or 3.4% when excluding non-strategic locations, with Bloomingdale's achieving a 9% year-over-year sales growth [5] - Macy's has raised its annual net sales guidance to a range of $21.48 billion to $21.63 billion, up from a previous range of $21.15 billion to $21.45 billion, although this projection is slightly below last year's figures due to anticipated store closures [5] Consumer Outlook - Despite an upgraded outlook, Macy's anticipates a "more choiceful consumer" in the fourth quarter, influenced by tariff-induced price hikes and rising economic anxiety, although its middle to upper-income consumer base has shown resilience [3]