Brokerages Set Macy’s, Inc. (NYSE:M) PT at $20.30

Shares of Macy’s, Inc. (NYSE:M) have received an average rating of “Reduce” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.30.

M has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. UBS Group restated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Finally, Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th.

Insider Buying and Selling

In other news, EVP Tracy M. Preston sold 5,271 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $94,456.32. Following the sale, the executive vice president directly owned 28,773 shares in the company, valued at $515,612.16. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $896,788.48. Following the completion of the sale, the chief executive officer owned 485,791 shares in the company, valued at $8,705,374.72. This represents a 9.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 94,967 shares of company stock valued at $1,705,276 over the last three months. Insiders own 1.05% of the company’s stock.

Hedge Funds Weigh In On Macy’s

Large investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group lifted its position in Macy’s by 1.1% during the third quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after buying an additional 110,548 shares during the period. Kingsview Wealth Management LLC purchased a new position in Macy’s during the fourth quarter worth about $3,524,000. Artemis Investment Management LLP purchased a new position in Macy’s during the fourth quarter worth about $2,752,000. Private Advisory Group LLC purchased a new position in Macy’s during the fourth quarter worth about $1,396,000. Finally, Wedge Capital Management L L P NC purchased a new position in Macy’s during the fourth quarter worth about $30,722,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Stock Up 1.2%

Macy’s stock opened at $24.98 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 10.32 and a beta of 1.48. Macy’s has a fifty-two week low of $10.54 and a fifty-two week high of $25.65. The stock’s fifty day moving average is $20.45 and its two-hundred day moving average is $20.75.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.Macy’s’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. 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. Analysts predict that Macy’s will post 2.15 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio is currently 31.40%.

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.