Macy’s (NYSE:M) Raised to Buy at Wall Street Zen

Macy’s (NYSE:M) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages have also commented on M. Citigroup increased their price objective on Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Zacks Research downgraded Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Weiss Ratings upgraded Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research report on Thursday, September 17th. Finally, BTIG Research reiterated a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.78.

Macy’s Trading Up 0.3%

Shares of NYSE:M opened at $23.14 on Friday. The stock has a market capitalization of $6.05 billion, a PE ratio of 8.48 and a beta of 1.39. Macy’s has a 1 year low of $16.69 and a 1 year high of $26.58. The firm has a fifty day moving average price of $22.94 and a 200 day moving average price of $21.75. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Macy’s (NYSE:M) last posted its earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.37 by $0.26. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. 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. Analysts expect that Macy’s will post 2.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Macy’s

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in Macy’s in the 3rd quarter worth $36,000. V Square Quantitative Management LLC raised its position in shares of Macy’s by 48.4% during the third 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 last quarter. Allworth Financial LP raised its position in shares of Macy’s by 37.0% during the second 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 last quarter. CoreCap Advisors LLC lifted its stake in shares of Macy’s by 333.3% in the second 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 period. Finally, Nykredit A S bought a new stake in shares of Macy’s in the second quarter valued at about $69,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s Company Profile