Macy’s (NYSE:M) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Macy’s, Inc. (NYSE:M)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.91 and traded as high as $25.07. Macy’s shares last traded at $23.6630, with a volume of 5,597,202 shares traded.

Wall Street Analysts Forecast Growth

M has been the subject of several recent analyst reports. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Macy’s in a research note on Wednesday, July 8th. Citigroup boosted their price target on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $30.00 price target on shares of Macy’s in a research report on Monday, July 6th. Finally, Evercore set a $22.00 price objective on Macy’s in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.70.

Macy’s Price Performance

The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average is $22.51 and its 200-day moving average is $20.91. The company has a market cap of $6.22 billion, a PE ratio of 9.78 and a beta of 1.46.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period last year, the business posted $0.16 earnings per share. Macy’s’s quarterly revenue was up 1.8% compared to the same quarter last year. 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. On average, equities analysts anticipate that Macy’s, Inc. will post 2.19 EPS for the current year.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.1915 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.2%. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Insiders Place Their Bets

In related news, EVP Thomas Jr. Edwards sold 16,419 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the sale, the executive vice president owned 20,000 shares of the company’s stock, valued at $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 SEC, which is available at this link. 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 business’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 in the company, valued at $650,309.99. The trade was a 28.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.05% of the company’s stock.

Hedge Funds Weigh In On Macy’s

Several large investors have recently made changes to their positions in M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Macy’s by 5.3% in 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 worth $14,019,000 after acquiring an additional 55,821 shares in the last quarter. Focus Partners Wealth boosted its holdings in Macy’s by 33.1% in the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after acquiring an additional 14,489 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Macy’s by 49.6% in the second quarter. Cetera Investment Advisers now owns 24,300 shares of the company’s stock worth $283,000 after acquiring an additional 8,053 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Macy’s by 160.5% in the second quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after acquiring an additional 2,639,132 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

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.