Macy’s, Inc. (NYSE:M) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Macy’s, Inc. (NYSE:M) have received a consensus rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.50.

A number of analysts have recently weighed in on M shares. Wall Street Zen raised shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Evercore ISI raised their price objective on shares of Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a report on Friday, December 5th. Morgan Stanley boosted their target price on shares of Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a research report on Monday, December 29th. Finally, Guggenheim initiated coverage on Macy’s in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock.

Macy’s Stock Performance

Shares of M stock opened at $21.74 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18. The company’s fifty day moving average price is $22.04 and its two-hundred day moving average price is $17.78. The firm has a market capitalization of $5.78 billion, a P/E ratio of 12.86 and a beta of 1.43. Macy’s has a 12 month low of $9.76 and a 12 month high of $24.41.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.22. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 earnings per share. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. On average, research analysts anticipate that Macy’s will post 2.39 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were paid a dividend of $0.1824 per share. The ex-dividend date was Monday, December 15th. This represents a $0.73 annualized dividend and a yield of 3.4%. Macy’s’s dividend payout ratio (DPR) is 43.20%.

Insider Buying and Selling

In other Macy’s news, EVP Danielle L. Kirgan sold 85,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president owned 51,161 shares in the company, valued at $1,223,771.12. The trade was a 62.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Macy’s

A number of institutional investors have recently modified their holdings of M. PNC Financial Services Group Inc. lifted its holdings in Macy’s by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 26,806 shares of the company’s stock worth $481,000 after acquiring an additional 500 shares during the last quarter. Cambria Investment Management L.P. lifted its holdings in shares of Macy’s by 4.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 12,066 shares of the company’s stock worth $216,000 after purchasing an additional 524 shares during the last quarter. Bessemer Group Inc. boosted its position in Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after purchasing an additional 592 shares during the period. Private Advisor Group LLC boosted its position in Macy’s by 4.2% during the 3rd quarter. Private Advisor Group LLC now owns 18,444 shares of the company’s stock valued at $331,000 after purchasing an additional 750 shares during the period. Finally, Certuity LLC grew its stake in Macy’s by 0.9% during the 3rd quarter. Certuity LLC now owns 103,890 shares of the company’s stock worth $1,863,000 after buying an additional 880 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.