|Bid||24.10 x 800|
|Ask||24.11 x 1400|
|Day's range||23.72 - 24.33|
|52-week range||15.10 - 28.21|
|Beta (5Y monthly)||1.78|
|PE ratio (TTM)||5.01|
|Earnings date||20 Feb 2023 - 24 Feb 2023|
|Forward dividend & yield||0.63 (2.62%)|
|Ex-dividend date||14 Dec 2022|
|1y target est||23.48|
NEW YORK, February 01, 2023--Today, Macy’s launches PATTERN Beauty with the brand’s extensive assortment of washes, treatments, styling tools and more. As the brand’s first-ever department store partner, PATTERN expands Macy’s portfolio of haircare products, specifically in the curl category. PATTERN Beauty’s haircare products and tools with prices ranging from $9 to $25, including the Detangling Nectar, Curl Mousse, Edge Tool and more are available to shop on macys.com, Macy’s mobile app and at
Retail is a tough business in any economic climate. A small number of retailers -- think Costco (NASDAQ: COST) and Amazon (NASDAQ: AMZN) -- manage to build up durable competitive advantages over the course of decades. Consumer electronics retailer Best Buy (NYSE: BBY) goes for around 13 times earnings, department store Macy's (NYSE: M) trades for less than 5 times earnings, and grocery chain Kroger (NYSE: KR) changes hands for roughly 14 times earnings.
Macy's (M) closed at $23.32 in the latest trading session, marking a +1.04% move from the prior day.