Macy’s (NYSE:M) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Macy’s (NYSE:M) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

M has been the topic of a number of other research reports. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 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 report on Thursday, June 4th. Evercore set a $22.00 target price on shares of Macy’s in a research report on Thursday, June 4th. TD Cowen lifted their price target on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, June 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.70.

Macy’s Trading Up 6.6%

M opened at $24.93 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. Macy’s has a one year low of $11.77 and a one year high of $26.10. The company has a market cap of $6.56 billion, a P/E ratio of 10.30 and a beta of 1.46. The business’s 50-day simple moving average is $23.15 and its 200-day simple moving average is $20.96.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. 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. As a group, equities research analysts expect that Macy’s will post 2.19 EPS for the current fiscal year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.1915 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.1%. Macy’s’s payout ratio is 31.82%.

Insider Buying and Selling

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the sale, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. The trade was a 45.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the sale, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.05% of the stock is currently owned by insiders.

Institutional Trading of Macy’s

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in Macy’s during the 4th quarter worth $85,020,000. Marshall Wace LLP purchased a new stake in shares of Macy’s in the fourth quarter valued at about $69,562,000. SG Americas Securities LLC raised its holdings in shares of Macy’s by 1,344.4% in the first quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock valued at $55,344,000 after buying an additional 2,847,561 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Macy’s by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock worth $150,448,000 after buying an additional 2,750,115 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Macy’s by 160.5% during the second quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after buying an additional 2,639,132 shares during the period. Hedge funds and other 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.