Macy’s (NYSE:M) Earns Neutral Rating from BTIG Research

Macy’s (NYSE:M)‘s stock had its “neutral” rating reaffirmed by equities research analysts at BTIG Research in a research report issued to clients and investors on Friday, Benzinga reports.

Several other brokerages have also issued reports on M. Evercore set a $22.00 price target on Macy’s in a research note on Thursday, June 4th. Citigroup upped their price objective on Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Weiss Ratings raised Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Telsey Advisory Group upped their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Finally, TD Cowen increased their target price on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.78.

Macy’s Stock Down 4.7%

Shares of NYSE:M opened at $20.50 on Friday. Macy’s has a 12 month low of $16.41 and a 12 month high of $26.58. The company’s 50-day moving average price is $23.49 and its two-hundred day moving average price is $21.42. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.39 billion, a P/E ratio of 8.47 and a beta of 1.41.

Macy’s (NYSE:M) last announced its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.26. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. As a group, research analysts forecast that Macy’s will post 2.22 EPS for the current fiscal year.

Insider Activity

In other news, SVP Paul Griscom sold 10,077 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $25.63, for a total value of $258,273.51. Following the sale, the senior vice president directly owned 25,373 shares in the company, valued at $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas Edwards, Jr. sold 16,419 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. The trade was a 45.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.05% of the company’s stock.

Institutional Investors Weigh In On Macy’s

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after acquiring an additional 526 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after acquiring an additional 486 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Macy’s by 37.0% during the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after acquiring an additional 613 shares in the last quarter. IFP Advisors Inc increased its holdings in Macy’s by 263.3% in the 4th quarter. IFP Advisors Inc now owns 2,427 shares of the company’s stock worth $54,000 after purchasing an additional 1,759 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Macy’s in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Trending Headlines about Macy’s

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s reported second-quarter earnings and revenue above analyst expectations. Earnings were approximately $0.40 per share versus a $0.37 consensus estimate, while revenue reached roughly $4.9 billion, up 1.1% year over year. Macy’s Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company raised its fiscal 2026 outlook, including earnings of $2.15 to $2.35 per share and revenue of approximately $21.7 billion to $21.8 billion, above current analyst estimates. Comparable sales guidance was also increased. Macy’s Posts Strong Results and Raises Guidance
• Positive Sentiment: Management said premium merchandise and stronger spending from middle- and high-income customers helped drive growth across Macy’s nameplates. Investors also view the roughly 3.5% dividend yield as increasingly supported by the improving turnaround and earnings outlook. Macy’s Raises Outlook as Premium Goods Drive Sales Growth
• Neutral Sentiment: Tariff refunds contributed to the profit outlook and quarterly performance, creating a potential benefit but also raising questions about how much of the earnings improvement is recurring. Macy’s Raises Annual Profit Forecast on Tariff Refunds
• Negative Sentiment: Third-quarter EPS guidance of negative $0.23 to negative $0.19 was weaker than the consensus estimate of negative $0.12, while revenue guidance was broadly in line. The weaker near-term outlook likely outweighed the full-year guidance increase and contributed to the post-earnings decline. Why a Beat and Raise Isn’t Driving Macy’s Stock Higher

Macy’s Company Profile

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.