Wall Street Zen Upgrades Macy’s (NYSE:M) to “Buy”

Macy’s (NYSE:M) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also commented on the stock. Barclays lifted their price objective on shares of Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th. BTIG Research began coverage on Macy’s in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. The Goldman Sachs Group lifted their target price on Macy’s from $14.50 to $16.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. upped their price target on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price objective (up from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.45.

Macy’s Stock Performance

M traded up $0.02 during trading on Friday, hitting $20.38. 5,685,812 shares of the stock were exchanged, compared to its average volume of 7,746,100. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. Macy’s has a 1-year low of $9.76 and a 1-year high of $21.25. The stock has a fifty day moving average price of $17.90 and a two-hundred day moving average price of $14.13. The firm has a market capitalization of $5.47 billion, a P/E ratio of 11.64 and a beta of 1.83.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, sell-side analysts predict that Macy’s will post 2.39 earnings per share for the current year.

Insider Activity at Macy’s

In related news, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the sale, the senior vice president owned 23,379 shares in the company, valued at $403,521.54. This represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Danielle L. Kirgan sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total value of $1,775,000.00. Following the completion of the transaction, the executive vice president directly owned 136,161 shares of the company’s stock, valued at $2,416,857.75. The trade was a 42.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 212,843 shares of company stock worth $3,726,670 in the last three months. Corporate insiders own 1.09% of the company’s stock.

Institutional Trading of Macy’s

Several large investors have recently modified their holdings of the business. Summit Securities Group LLC raised its holdings in shares of Macy’s by 106.0% in the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after acquiring an additional 38,800 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Macy’s in the first quarter valued at approximately $29,000. Cullen Frost Bankers Inc. acquired a new stake in Macy’s during the third quarter worth approximately $31,000. UMB Bank n.a. boosted its position in Macy’s by 523.0% during the second quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after acquiring an additional 2,662 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.