Macy’s (NYSE:M) Sets New 12-Month High – Time to Buy?

Macy’s, Inc. (NYSE:M)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $25.75 and last traded at $25.8570, with a volume of 364422 shares. The stock had previously closed at $25.34.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their price target on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Evercore set a $22.00 price objective on Macy’s in a research note on Thursday, June 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. JPMorgan Chase & Co. increased their target price on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $22.00 price target on shares of Macy’s in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $20.80.

Macy’s Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The stock has a 50 day moving average of $21.14 and a 200 day moving average of $20.83. The stock has a market capitalization of $6.81 billion, a P/E ratio of 10.73 and a beta of 1.48.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Equities analysts predict that Macy’s, Inc. will post 2.16 EPS for the current year.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.1915 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.0%. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Insider Activity

In other Macy’s news, CEO Olivier Bron sold 7,228 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $129,525.76. Following the completion of the transaction, the chief executive officer owned 21,590 shares in the company, valued at approximately $386,892.80. This represents a 25.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $94,456.32. Following the completion of the sale, the executive vice president owned 28,773 shares in the company, valued at $515,612.16. The trade was a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 111,386 shares of company stock worth $2,113,945 over the last three months. Insiders own 1.05% of the company’s stock.

Institutional Trading of Macy’s

Several large investors have recently added to or reduced their stakes in M. Pacer Advisors Inc. raised its stake in Macy’s by 40.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,881,348 shares of the company’s stock valued at $34,034,000 after acquiring an additional 543,867 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Macy’s by 23.4% in the first quarter. Bank of America Corp DE now owns 978,206 shares of the company’s stock worth $17,696,000 after purchasing an additional 185,678 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Macy’s during the first quarter valued at $550,000. Amundi increased its holdings in shares of Macy’s by 375.7% during the first quarter. Amundi now owns 230,041 shares of the company’s stock valued at $4,161,000 after purchasing an additional 181,684 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of Macy’s by 18.1% during the first quarter. California State Teachers Retirement System now owns 302,035 shares of the company’s stock valued at $5,464,000 after purchasing an additional 46,343 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

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.