Analysts Set Macy’s, Inc. (NYSE:M) Target Price at $21.70

Macy’s, Inc. (NYSE:M) has earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.70.

Several equities research analysts have weighed in on the company. TD Cowen upped their target price on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Telsey Advisory Group raised their price target on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Wall Street Zen downgraded Macy’s from a “strong-buy” rating to a “buy” rating in a report on Sunday. Citigroup lifted their price objective on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Macy’s from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th.

Insider Buying and Selling

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 20,000 shares in the company, valued at $497,800. This represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a 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 company’s stock in a transaction on 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 owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. This represents a 28.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in M. Dimensional Fund Advisors LP boosted its position in Macy’s by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock valued at $298,035,000 after purchasing an additional 329,675 shares in the last quarter. RWC Asset Management LLP raised its holdings in Macy’s by 0.6% in the fourth quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock worth $241,782,000 after purchasing an additional 62,839 shares in the last quarter. State Street Corp raised its holdings in Macy’s by 0.5% in the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after purchasing an additional 45,997 shares in the last quarter. Goldman Sachs Group Inc. lifted its position 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 valued at $150,448,000 after buying an additional 2,750,115 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Macy’s by 26.1% in the 4th quarter. LSV Asset Management now owns 6,004,835 shares of the company’s stock valued at $132,407,000 after buying an additional 1,244,631 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Macy’s Stock Performance

Shares of NYSE:M opened at $25.97 on Friday. The firm’s 50 day simple moving average is $23.63 and its 200-day simple moving average is $21.05. 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 $26.15. The firm has a market cap of $6.83 billion, a PE ratio of 10.73 and a beta of 1.47.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. Macy’s’s quarterly revenue was up 1.8% on a year-over-year basis. 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 analysts predict that Macy’s will post 2.19 EPS for the current year.

Macy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 15th. Macy’s’s dividend payout ratio is presently 31.82%.

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.