M
Macy's Inc. Consumer Discretionary - Department Stores Investor Relations →
Macy's Inc. (M) closed at $22.70 as of 2026-02-02, trading 42.6% above its 200-week moving average of $15.92. The stock moved further from the line this week, up from 25.9% last week. The 14-week RSI sits at 63, indicating neutral momentum.
Over the past 1726 weeks of data, M has crossed below its 200-week moving average 25 times. On average, these episodes lasted 28 weeks. The average one-year return after crossing below was -8.6%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $6.0 billion, M is a mid-cap stock. The company generates a free cash flow yield of 14.9%, which is notably high. Return on equity stands at 11.3%. The stock trades at 1.4x book value.
Over the past 33.2 years, a hypothetical investment of $100 in M would have grown to $430, compared to $2849 for the S&P 500. M has returned 4.5% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -42.8% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: M vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After M Crosses Below the Line?
Across 25 historical episodes, buying M when it crossed below its 200-week moving average produced an average return of -8.2% after 12 months (median -9.0%), compared to +3.6% for the S&P 500 over the same periods. 32% of those episodes were profitable after one year. After 24 months, the average return was -16.3% vs +13.6% for the index.
Each line shows $100 invested at the moment M crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
M has crossed below its 200-week MA 25 times with an average 1-year return of +-8.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1994 | Jan 1995 | 8 | 5.4% | +51.7% | +376.6% |
| Sep 1998 | Oct 1998 | 1 | 1.3% | +29.4% | +152.9% |
| Jan 2000 | Jan 2001 | 52 | 42.3% | +0.6% | +110.4% |
| Feb 2001 | Feb 2001 | 1 | 1.6% | -6.1% | +112.8% |
| Mar 2001 | Apr 2001 | 3 | 2.4% | -1.7% | +110.8% |
| Jun 2001 | Jun 2001 | 2 | 3.8% | -2.9% | +106.7% |
| Jul 2001 | Feb 2002 | 34 | 35.8% | +7.2% | +129.0% |
| Apr 2002 | Apr 2002 | 1 | 2.4% | -28.2% | +121.4% |
| Apr 2002 | May 2002 | 2 | 2.1% | -26.8% | +119.4% |
| Jun 2002 | Jun 2003 | 53 | 38.0% | -9.4% | +121.1% |
| Aug 2007 | Oct 2007 | 7 | 8.0% | -29.0% | +34.6% |
| Oct 2007 | Sep 2010 | 153 | 81.7% | -66.7% | +37.0% |
| Oct 2015 | Jun 2018 | 137 | 56.3% | -20.8% | -25.9% |
| Jul 2018 | Jul 2018 | 2 | 1.2% | -37.8% | -15.6% |
| Aug 2018 | Aug 2018 | 1 | 1.4% | -53.1% | -13.6% |
| Sep 2018 | Oct 2018 | 8 | 8.6% | -54.2% | -12.3% |
| Nov 2018 | Mar 2021 | 121 | 78.8% | -45.9% | -7.5% |
| Mar 2021 | May 2021 | 8 | 13.6% | +62.7% | +64.4% |
| May 2021 | Jun 2021 | 3 | 2.4% | +35.4% | +50.5% |
| Jul 2021 | Aug 2021 | 3 | 8.3% | +0.8% | +59.4% |
| Jul 2022 | Jul 2022 | 1 | 4.6% | -2.9% | +58.2% |
| Sep 2022 | Oct 2022 | 3 | 5.8% | -30.9% | +57.2% |
| May 2023 | Jul 2023 | 11 | 11.4% | +32.4% | +66.6% |
| Aug 2023 | Nov 2023 | 16 | 33.1% | +4.1% | +62.7% |
| Jul 2024 | Sep 2025 | 59 | 35.8% | -23.1% | +48.7% |
| Average | 28 | — | +-8.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02