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

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

A number of other research analysts have also issued reports on the stock. Zacks Research lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Evercore set a $22.00 price target on shares of Macy’s in a report on Thursday, June 4th. BTIG Research reiterated a “neutral” rating on shares of Macy’s in a research note on Friday, September 11th. Telsey Advisory Group boosted their price objective on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Finally, UBS Group reissued a “sell” rating on shares of Macy’s in a research report on Thursday. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.78.

Macy’s Price Performance

Shares of NYSE M opened at $21.97 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 1.59. The company has a market cap of $5.74 billion, a PE ratio of 8.05 and a beta of 1.41. The business has a 50-day simple moving average of $23.38 and a two-hundred day simple moving average of $21.50. Macy’s has a fifty-two week low of $16.41 and a fifty-two week high of $26.58.

Macy’s (NYSE:M) last posted its quarterly earnings data 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 firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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, equities analysts expect that Macy’s will post 2.34 EPS for the current fiscal year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.1915 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.5%. Macy’s’s dividend payout ratio is currently 28.21%.

Insider Activity at Macy’s

In related news, EVP Thomas Edwards, Jr. sold 16,419 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were 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 represents a 45.08% decrease in their position. 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 transaction, the senior vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. 1.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Allworth Financial LP boosted its holdings in Macy’s by 37.0% in the second quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after purchasing an additional 613 shares during the last quarter. IFP Advisors Inc grew its position in Macy’s by 263.3% during the 4th quarter. IFP Advisors Inc now owns 2,427 shares of the company’s stock worth $54,000 after purchasing an additional 1,759 shares during the period. CoreCap Advisors LLC raised its stake in shares of Macy’s by 333.3% during the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock valued at $61,000 after buying an additional 2,000 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Macy’s by 572.2% during the 4th quarter. Rothschild Investment LLC now owns 2,998 shares of the company’s stock valued at $66,000 after buying an additional 2,552 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Macy’s by 60.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,099 shares of the company’s stock valued at $68,000 after buying an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.