Wall Street Zen Downgrades Macy’s (NYSE:M) to Hold

Macy’s (NYSE:M) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued reports about the company. Evercore set a $22.00 price objective on Macy’s in a report on Thursday, June 4th. BTIG Research restated a “neutral” rating on shares of Macy’s in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $30.00 price target on shares of Macy’s in a report on Monday, July 6th. Weiss Ratings lowered shares of Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Citigroup boosted their price objective on shares of Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.78.

Macy’s Trading Down 0.2%

M opened at $22.03 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49. Macy’s has a 52 week low of $16.41 and a 52 week high of $26.58. The stock has a market cap of $5.75 billion, a PE ratio of 8.07 and a beta of 1.41. The business has a 50 day moving average of $23.47 and a 200-day moving average of $21.43.

Macy’s (NYSE:M) last announced its quarterly earnings data 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. The business had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities research analysts predict that Macy’s will post 2.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Thomas Edwards, Jr. sold 16,419 shares of the company’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 transaction of $408,668.91. Following the sale, the executive vice president directly owned 20,000 shares of the company’s stock, valued at $497,800. This represents a 45.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. This trade represents a 28.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.05% of the company’s stock.

Institutional Trading of Macy’s

Large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its stake in Macy’s by 19.5% in the second quarter. Sequoia Financial Advisors LLC now owns 38,689 shares of the company’s stock worth $911,000 after purchasing an additional 6,310 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Macy’s during the 2nd quarter valued at $735,000. IFP Advisors Inc raised its position in Macy’s by 559.1% during the 2nd quarter. IFP Advisors Inc now owns 10,229 shares of the company’s stock valued at $241,000 after purchasing an additional 8,677 shares in the last quarter. Allworth Financial LP lifted 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 worth $53,000 after buying an additional 613 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Macy’s in the 2nd quarter worth $69,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Macy’s

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

• Positive Sentiment: Macy’s exceeded analysts’ expectations for second-quarter earnings and revenue. Reported adjusted EPS was approximately $0.40 versus the $0.37 consensus, while revenue rose 1.1% year over year to roughly $4.9 billion. The company also reported growth across its major nameplates. Macy’s Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The retailer raised its fiscal 2026 outlook, projecting EPS of $2.15-$2.35 versus a $2.11 consensus and revenue of approximately $21.7-$21.8 billion, above the $21.1 billion consensus. Its sales outlook was supported by higher comparable sales expectations and continued demand from middle- and higher-income customers. Macy’s Posts Strong Results and Raises Guidance
• Positive Sentiment: Management said premium merchandise and tariff refunds helped results. The improving sales trend and a roughly 3.5% dividend yield may appeal to income-focused investors if the turnaround continues and cash generation remains solid. Premium Goods Drive Sales Growth
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, indicating that the earnings improvement and valuation are balanced by execution risks in the ongoing turnaround. BTIG Research Rating
• Negative Sentiment: Despite the beat and guidance increase, investors initially focused on Macy’s projected third-quarter adjusted loss of $0.19-$0.23 per share, which is wider than the $0.12 consensus loss. Softer near-term comparable-sales expectations and broader market weakness also pressured sentiment. Macy’s Stock and Fiscal 2026 Outlook

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.