Brokerages Set Macy’s, Inc. (NYSE:M) PT at $21.90

Shares of Macy’s, Inc. (NYSE:M) have received a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have assigned 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 objective among analysts that have updated their coverage on the stock in the last year is $22.00.

M has been the topic of several research reports. TD Cowen boosted their target price on Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, June 22nd. UBS Group lifted their price objective on shares of Macy’s from $9.00 to $10.00 and gave the company a “sell” rating in a report on Wednesday. Wall Street Zen lowered shares of Macy’s from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. Citigroup increased their target price on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Macy’s in a research report on Monday, July 6th.

Macy’s Trading Up 0.2%

M opened at $22.05 on Wednesday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 9.11 and a beta of 1.47. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. Macy’s has a 12 month low of $13.09 and a 12 month high of $26.58. The firm’s fifty day simple moving average is $23.91 and its 200 day simple moving average is $21.41.

Macy’s (NYSE:M) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. 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, research analysts anticipate that Macy’s will post 2.22 EPS for the current fiscal year.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 15th. Macy’s’s dividend payout ratio is currently 31.82%.

Insider Transactions at Macy’s

In related news, EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the sale, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. The trade was a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 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 transaction, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Macy’s

Several large investors have recently made changes to their positions in the stock. Strengthening Families & Communities LLC bought a new stake in Macy’s during the fourth quarter worth $28,000. Smartleaf Asset Management LLC raised its holdings in shares of Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after purchasing an additional 526 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after purchasing an additional 486 shares during the period. IFP Advisors Inc lifted its stake in Macy’s by 263.3% in the 4th quarter. IFP Advisors Inc now owns 2,427 shares of the company’s stock valued at $54,000 after purchasing an additional 1,759 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Macy’s in the 4th quarter valued at about $54,000. Institutional investors and hedge funds 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.