TD Cowen Begins Coverage on Macy’s (NYSE:M)

Equities research analysts at TD Cowen started coverage on shares of Macy’s (NYSE:M) in a report released on Friday, Zacks reports. The brokerage set a “hold” rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. UBS Group reiterated a “sell” rating on shares of Macy’s in a research report on Thursday, September 17th. Zacks Research cut shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. BTIG Research reaffirmed a “neutral” rating on shares of Macy’s in a research note on Friday, September 11th. Finally, Wall Street Zen lowered shares of Macy’s from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.78.

Macy’s Trading Down 2.5%

Macy’s stock opened at $24.11 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49. Macy’s has a 12 month low of $16.69 and a 12 month high of $26.58. The company’s fifty day simple moving average is $22.80 and its 200-day simple moving average is $21.68. The stock has a market cap of $6.30 billion, a P/E ratio of 8.83 and a beta of 1.44.

Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.26. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.81 billion. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. As a group, sell-side analysts forecast that Macy’s will post 2.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Macy’s during the third quarter worth $36,000. V Square Quantitative Management LLC grew its position in shares of Macy’s by 48.4% in the third quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock valued at $44,000 after purchasing an additional 632 shares in the last quarter. Allworth Financial LP increased its position in shares of Macy’s by 37.0% during the second quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after buying an additional 613 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Macy’s by 333.3% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock worth $61,000 after buying an additional 2,000 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Macy’s in the second quarter valued at approximately $69,000. 87.36% of the stock is owned by institutional investors and hedge funds.

About Macy’s

Macy’s, Inc (NYSE: M) is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy’s, Bloomingdale’s, and Bluemercury. Macy’s serves a broad customer base with fashion, beauty, and home products, while Bloomingdale’s focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.