Macy’s, Inc. (NYSE:M) Receives $20.50 Consensus PT from Analysts

Macy’s, Inc. (NYSE:M) has received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $20.50.

M has been the subject of several recent analyst reports. Telsey Advisory Group upped their price target on Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, December 4th. Wall Street Zen raised shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. The Goldman Sachs Group boosted their price target on shares of Macy’s from $16.50 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Jefferies Financial Group began coverage on Macy’s in a research report on Wednesday. They set a “buy” rating and a $27.00 price objective for the company. Finally, Citigroup lifted their target price on Macy’s from $19.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th.

Macy’s Price Performance

Shares of NYSE:M opened at $21.57 on Tuesday. The firm’s 50 day moving average price is $22.01 and its 200-day moving average price is $17.68. Macy’s has a twelve month low of $9.76 and a twelve month high of $24.41. The company has a quick ratio of 0.18, a current ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $5.73 billion, a PE ratio of 12.76 and a beta of 1.43.

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

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were issued a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, December 15th. Macy’s’s dividend payout ratio is presently 43.20%.

Insider Buying and Selling

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $23.92, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president owned 51,161 shares in the company, valued at approximately $1,223,771.12. The trade was a 62.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Macy’s

A number of hedge funds have recently bought and sold shares of M. Cullen Frost Bankers Inc. purchased a new position in shares of Macy’s in the third quarter worth about $31,000. Bessemer Group Inc. raised its stake in shares of Macy’s by 41.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after acquiring an additional 592 shares during the period. Hantz Financial Services Inc. lifted its stake in Macy’s by 101.1% during the third quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock worth $41,000 after purchasing an additional 1,162 shares in the last quarter. CoreCap Advisors LLC grew its position in Macy’s by 7,265.6% in the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after acquiring an additional 2,325 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Macy’s by 523.0% during the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after buying an additional 2,662 shares during the period. Hedge funds and other institutional investors 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.