Macy’s (NYSE:M) Sets New 1-Year High – Here’s Why

Macy’s, Inc. (NYSE:M)’s share price reached a new 52-week high on Tuesday . The company traded as high as $21.65 and last traded at $21.5390, with a volume of 2638981 shares changing hands. The stock had previously closed at $20.02.

Analysts Set New Price Targets

Several research firms have issued reports on M. Wall Street Zen downgraded Macy’s from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Morgan Stanley boosted their price objective on Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. UBS Group raised their target price on Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Macy’s in a report on Tuesday. Finally, Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.75.

Macy’s Price Performance

The firm has a market capitalization of $6.02 billion, a P/E ratio of 12.80 and a beta of 1.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. The business has a 50 day simple moving average of $18.85 and a two-hundred day simple moving average of $14.95.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Macy’s’s revenue was down 2.5% on a year-over-year basis. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, sell-side analysts expect that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be given a $0.1824 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a yield of 3.3%. Macy’s’s payout ratio is presently 41.71%.

Insiders Place Their Bets

In other Macy’s news, SVP Paul Griscom sold 12,843 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the sale, the senior vice president directly owned 23,379 shares of the company’s stock, valued at $403,521.54. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total value of $1,775,000.00. Following the transaction, the executive vice president directly owned 136,161 shares in the company, valued at $2,416,857.75. This trade represents a 42.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 212,843 shares of company stock valued at $3,726,670 in the last ninety days. 1.09% of the stock is owned by corporate insiders.

Institutional Trading of Macy’s

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bayforest Capital Ltd purchased a new position in shares of Macy’s in the first quarter valued at about $720,000. US Bancorp DE raised its holdings in Macy’s by 6.7% in the first quarter. US Bancorp DE now owns 19,624 shares of the company’s stock worth $246,000 after purchasing an additional 1,227 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Macy’s by 6.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 25,399 shares of the company’s stock valued at $319,000 after buying an additional 1,491 shares in the last quarter. Factorial Partners LLC grew its position in shares of Macy’s by 0.9% in the 1st quarter. Factorial Partners LLC now owns 111,000 shares of the company’s stock worth $1,394,000 after buying an additional 1,000 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Macy’s in the 1st quarter worth about $301,000. Institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.