Macy’s, Inc. (NYSE:M) Receives Consensus Recommendation of “Hold” from Brokerages

Macy’s, Inc. (NYSE:M) has received an average rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.70.

Several analysts have commented on the stock. Citigroup lifted their price objective on shares of Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Macy’s in a research note on Wednesday, July 8th. Zacks Research raised shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. UBS Group restated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. increased their price target on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th.

Insider Transactions at Macy’s

In related news, SVP Paul Griscom sold 10,077 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. This represents a 45.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Macy’s

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Macy’s by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock worth $298,035,000 after buying an additional 329,675 shares in the last quarter. RWC Asset Management LLP increased its holdings in Macy’s by 0.6% in the fourth quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock valued at $241,782,000 after buying an additional 62,839 shares in the last quarter. Schroder Investment Management Group increased its holdings in Macy’s by 1.1% in the third quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock valued at $174,608,000 after buying an additional 110,548 shares in the last quarter. State Street Corp raised its position in shares of Macy’s by 0.5% in the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after acquiring an additional 45,997 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Macy’s by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock worth $150,448,000 after acquiring an additional 2,750,115 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Trading Up 0.5%

Shares of NYSE:M opened at $22.75 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. Macy’s has a 52-week low of $11.77 and a 52-week high of $26.10. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 9.40 and a beta of 1.46. The business has a 50-day moving average price of $22.17 and a 200-day moving average price of $20.86.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Macy’s’s revenue for the quarter was up 1.8% on a year-over-year basis. 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. Equities analysts predict that Macy’s will post 2.19 EPS for the current year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, June 15th. Macy’s’s payout ratio is 31.82%.

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.