Macy’s, Inc. (NYSE:M) Receives Average Rating of “Reduce” from Analysts

Macy’s, Inc. (NYSE:M) has been given a consensus recommendation of “Reduce” by the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $20.50.

A number of analysts have issued reports on M shares. Jefferies Financial Group assumed coverage on shares of Macy’s in a research note on Wednesday, January 14th. They set a “buy” rating and a $27.00 price target on the stock. TD Cowen reaffirmed a “hold” rating on shares of Macy’s in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a report on Monday, December 29th. UBS Group set a $21.00 price target on shares of Macy’s in a research note on Thursday, December 4th. Finally, Citigroup upped their price objective on Macy’s from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th.

Insider Transactions at Macy’s

In other news, EVP Danielle L. Kirgan sold 85,000 shares of Macy’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $23.92, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president owned 51,161 shares in the company, valued at approximately $1,223,771.12. This trade represents a 62.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Macy’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in M. Dimensional Fund Advisors LP lifted its position in shares of Macy’s by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,145,972 shares of the company’s stock worth $356,020,000 after buying an additional 494,280 shares during the last quarter. RWC Asset Management LLP raised its position in Macy’s by 0.6% in the 4th quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock valued at $241,782,000 after purchasing an additional 62,839 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Macy’s by 6.6% in the third quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock valued at $193,004,000 after buying an additional 669,729 shares during the last quarter. Schroder Investment Management Group lifted its position in Macy’s by 1.1% during the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after acquiring an additional 110,548 shares during the period. Finally, State Street Corp lifted its holdings in shares of Macy’s by 0.5% during the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after purchasing an additional 45,997 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s Stock Down 1.0%

Shares of NYSE M opened at $21.61 on Friday. The company has a quick ratio of 0.18, a current ratio of 1.25 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $22.05 and its two-hundred day moving average is $18.93. Macy’s has a 52-week low of $9.76 and a 52-week high of $24.41. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 12.78 and a beta of 1.50.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.22. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations 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 was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Research analysts predict that Macy’s will post 2.39 EPS for the current year.

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.