Macy’s, Inc. (NYSE:M) Stock Has Consensus Target Price of $22.78

Macy’s, Inc. (NYSE:M) has earned an average recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $22.78.

Several equities analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Macy’s in a research report on Friday, October 30th. They set a “hold” rating on the stock. Weiss Ratings raised Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research cut Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Macy’s in a report on Friday, September 11th.

Macy’s Trading Down 0.7%

Macy’s stock opened at $24.90 on Monday. Macy’s has a 12 month low of $16.69 and a 12 month high of $26.58. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49. The stock has a market cap of $6.50 billion, a P/E ratio of 9.12 and a beta of 1.39. The company’s fifty day simple moving average is $23.12 and its 200-day simple moving average is $21.81.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. 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, sell-side analysts forecast that Macy’s will post 2.32 EPS for the current fiscal year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be given a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Macy’s’s dividend payout ratio is currently 28.21%.

Hedge Funds Weigh In On Macy’s

A number of hedge funds have recently added to or reduced their stakes in M. Root Financial Partners LLC acquired a new stake in shares of Macy’s during the third quarter worth $36,000. V Square Quantitative Management LLC boosted its holdings in shares of Macy’s by 48.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock valued at $44,000 after buying an additional 632 shares during the period. Allworth Financial LP boosted its holdings in shares of Macy’s by 37.0% in the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after buying an additional 613 shares during the period. CoreCap Advisors LLC grew its position in shares of Macy’s by 333.3% during the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock valued at $61,000 after buying an additional 2,000 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of Macy’s during the 2nd quarter valued at about $69,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc. is a U.S. retailer operating department stores and digital shopping platforms under the Macy’s, Bloomingdale’s and Bluemercury brands. Its offerings include apparel, footwear, accessories, beauty products, jewelry, home furnishings and other consumer goods. The company traces its history to 1858, when Rowland Hussey Macy opened a dry-goods store in New York City. Macy’s, Inc. serves customers primarily in the United States through its stores and e-commerce businesses. Tony Spring, who previously led Bloomingdale’s, became Macy’s, Inc.’s chief executive officer in 2024.