Macy’s (NYSE:M) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Macy’s (NYSE:M) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

Several other research firms have also weighed in on M. Telsey Advisory Group upped their price objective on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Morgan Stanley reissued an “overweight” rating and issued a $30.00 target price on shares of Macy’s in a report on Monday, July 6th. Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings raised Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.70.

Macy’s Price Performance

Shares of Macy’s stock opened at $23.33 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’s 50-day simple moving average is $23.02 and its 200-day simple moving average is $20.96. Macy’s has a twelve month low of $11.77 and a twelve month high of $26.10. The firm has a market cap of $6.14 billion, a P/E ratio of 9.64 and a beta of 1.46.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The firm’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. As a group, research analysts expect that Macy’s will post 2.19 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.1915 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.3%. Macy’s’s payout ratio is 31.82%.

Insider Activity

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the company’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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 firm’s stock in a transaction that occurred on 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 approximately $650,309.99. The trade was a 28.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Macy’s

A number of hedge funds and other institutional investors have recently bought and sold shares of M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Macy’s by 38.3% in 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 purchasing an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 worth $14,019,000 after purchasing an additional 55,821 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of 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 last quarter. Cetera Investment Advisers increased 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 valued at $283,000 after buying an additional 8,053 shares in the last quarter. Finally, Invesco Ltd. increased 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 valued at $49,941,000 after buying an additional 2,639,132 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

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.