Jefferies Financial Group Reiterates “Buy” Rating for Macy’s (NYSE:M)

Macy’s (NYSE:M)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $27.00 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 22.38% from the stock’s current price.

M has been the subject of several other research reports. Cowen reiterated a “hold” rating on shares of Macy’s in a report on Thursday, December 4th. Morgan Stanley upped their target price on shares of Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. BTIG Research began coverage on shares of Macy’s in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Citigroup upped their price objective on shares of Macy’s from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Telsey Advisory Group lifted their target price on shares of Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Macy’s presently has an average rating of “Hold” and an average target price of $20.50.

Macy’s Trading Up 0.3%

M opened at $22.06 on Wednesday. Macy’s has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. The firm has a market capitalization of $5.87 billion, a PE ratio of 13.03 and a beta of 1.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18. The company’s 50-day moving average is $21.98 and its 200 day moving average is $17.62.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.22. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. As a group, research analysts predict that Macy’s will post 2.39 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Danielle L. Kirgan sold 85,000 shares of Macy’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total value of $2,033,200.00. Following the sale, the executive vice president owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. The trade was a 62.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.77% of the stock is currently owned by insiders.

Institutional Trading of Macy’s

A number of large investors have recently bought and sold shares of M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Macy’s by 38.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company’s stock valued at $2,047,000 after buying an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Macy’s by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock valued at $14,019,000 after purchasing an additional 55,821 shares during the last quarter. Focus Partners Wealth boosted its position in Macy’s by 33.1% during the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after purchasing an additional 14,489 shares during the period. Voya Investment Management LLC boosted its position in Macy’s by 17.8% during the first quarter. Voya Investment Management LLC now owns 363,841 shares of the company’s stock worth $4,570,000 after purchasing an additional 54,880 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Macy’s by 147.8% in the second quarter. Parallel Advisors LLC now owns 8,332 shares of the company’s stock worth $97,000 after purchasing an additional 4,970 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

About Macy’s

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.