Macy’s (NYSE:M) Raised to Strong-Buy at Zacks Research

Macy’s (NYSE:M) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Telsey Advisory Group increased their target price on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Thursday, June 4th. Evercore set a $22.00 price target on Macy’s in a research note on Thursday, June 4th. TD Cowen upped their price objective on Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a report on Monday, June 22nd. Citigroup increased their price objective on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen raised Macy’s from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.70.

Macy’s Stock Up 0.6%

Macy’s stock opened at $25.11 on Monday. The stock has a market cap of $6.60 billion, a P/E ratio of 10.37 and a beta of 1.46. 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 twelve month low of $11.77 and a twelve month high of $26.10. The company’s 50-day moving average price is $23.27 and its two-hundred day moving average price is $20.98.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (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 firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period last year, the business posted $0.16 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that Macy’s will post 2.19 EPS for the current year.

Insider Activity at Macy’s

In related news, SVP Paul Griscom sold 10,077 shares of the 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 owned 25,373 shares of the company’s stock, valued at $650,309.99. This represents a 28.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was 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 in the company, valued at approximately $497,800. This trade represents a 45.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.05% of the stock is currently owned by company insiders.

Institutional Trading of Macy’s

A number of institutional investors have recently modified their holdings of M. Strengthening Families & Communities LLC acquired a new stake in shares of Macy’s during the 4th quarter worth $28,000. V Square Quantitative Management LLC bought a new position in shares of Macy’s in the fourth quarter worth $29,000. Smartleaf Asset Management LLC raised its stake in Macy’s by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after purchasing an additional 526 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after purchasing an additional 486 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in Macy’s by 7,265.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after purchasing an additional 2,325 shares in the last quarter. 87.36% of the stock is currently owned by 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.