A Look At Macy’s (M) Valuation As 150 Store Closures Reshape Its Bold New Chapter Plan

Simply Wall St.04-15

AdvertisementWhy the Pittsburgh Mills closure matters for Macy's stock Macy's (M) decision to close 150 stores in 2026, including the Pittsburgh Mills location, puts its Bold New Chapter restructuring...

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It comes against a backdrop of flat same store sales and earnings per share declining 20.7% annually over three years.\nSee our latest analysis for...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4220":"综合零售","BK4103":"百货商店"},"translate_title":"梅西百货(M)关闭150家门店重塑其大胆的新篇章计划，看看其估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"AdvertisementWhy the Pittsburgh Mills closure matters for Macy's stock Macy's (M) decision to close 150 stores in 2026, including the Pittsburgh Mills location, puts its Bold New Chapter restructuring at center stage for anyone tracking the stock. The plan focuses on shutting underproductive sites and redirecting capital to stronger stores and digital channels. It comes against a backdrop of flat same store sales and earnings per share declining 20.7% annually over three years. See our latest analysis for Macy's. Macy's share price has been volatile, with a 12.02% 1 month share price return and 5.52% over 7 days, yet a 16.04% decline year to date. The 1 year total shareholder return of 78.40% and 3 year total shareholder return of 23.13% show that recent momentum has cooled after a strong run as investors reassess the Bold New Chapter store closures, flat same store sales and earnings pressure ahead of management’s upcoming J.P. Morgan Retail Round Up Forum appearance. If this kind of restructuring story has you thinking about where else capital might work harder, it could be worth scanning for 18 top founder-led companies With shares trading at US$19.10, only a small 1.6% discount to the US$19.40 analyst target but a much larger gap versus one intrinsic value estimate, the key question is whether this reflects a genuine margin of safety or whether the market already views the Bold New Chapter as a driver of future growth. Most Popular Narrative: 21.8% Undervalued According to a widely followed narrative on Simply Wall St, Macy's fair value sits at $24.43 per share versus the recent $19.10 close. This sets up a clear valuation gap for investors to weigh against the Bold New Chapter store closures.  Macy’s owns significant real estate that can be sold to provide liquidity, pay down debt, and finance new investments. The firm intends to raise about $600 million-$750 million from real estate sales over the next three years.  Read the complete narrative. The real estate play is only part of the story. The narrative also leans on Macy's digital scale, expected margins and a future earnings multiple that assumes the core business stabilises instead of shrinking further. Want to see how those assumptions stack up against the current store closure plan and earnings forecasts? Result: Fair Value of $24.43 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the thesis could be tested if further store closures fail to stabilise sales trends or if hoped for real estate and takeover outcomes disappoint investors. Find out about the key risks to this Macy's narrative. Next Steps With sentiment clearly mixed, this is a moment to move quickly and check the underlying data for yourself. Start by weighing the 3 key rewards and 2 important warning signs. Looking for more investment ideas? If Macy's has you rethinking your portfolio, do not stop here. Use this momentum to line up a wider watchlist of opportunities that could better fit your goals.  Target durable growth potential by checking companies with strong cash generation and discounted valuations through the 57 high quality undervalued stocks. Strengthen your income stream by reviewing higher yielding names that appear in the 12 dividend fortresses. Prioritise resilience by focusing on companies with healthier finances via the solid balance sheet and fundamentals stocks screener (41 results).   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2627470024","isCrawlerRequest":true}