Macy’s (NYSE:M) Stock Moved Up to Buy by Wall Street Zen

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

Several other analysts have also recently commented on M. TD Cowen assumed coverage on Macy’s in a report on Friday, October 30th. They issued a “hold” rating for the company. Citigroup boosted their target price on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Zacks Research downgraded shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. UBS Group reiterated a “sell” rating on shares of Macy’s in a report on Thursday, September 17th. Finally, Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Macy’s has an average rating of “Hold” and an average target price of $22.78.

Macy’s Trading Down 4.3%

NYSE:M opened at $23.14 on Friday. The firm has a market cap of $6.04 billion, a P/E ratio of 8.48 and a beta of 1.39. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $22.94 and its 200-day simple moving average is $21.75. Macy’s has a 12-month low of $16.69 and a 12-month high of $26.58.

Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. 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. Equities analysts anticipate that Macy’s will post 2.32 EPS for the current year.

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be given a $0.1915 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.77 annualized dividend and a yield of 3.3%. Macy’s’s payout ratio is 27.84%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Macy’s by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock worth $298,035,000 after purchasing an additional 329,675 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Macy’s by 81.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock valued at $104,266,000 after purchasing an additional 2,594,549 shares during the period. Bank of New York Mellon Corp boosted its stake in Macy’s by 10.9% during the 1st quarter. Bank of New York Mellon Corp now owns 2,913,622 shares of the company’s stock valued at $52,707,000 after purchasing an additional 287,521 shares during the period. Pacer Advisors Inc. boosted its stake in Macy’s by 40.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,881,348 shares of the company’s stock valued at $34,034,000 after purchasing an additional 543,867 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Macy’s in the 2nd quarter valued at approximately $32,562,000. Institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

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.