Macy’s (NYSE:M – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.
Several other equities analysts also recently commented on M. Citigroup increased their price objective on shares of Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research note on Thursday. BTIG Research reiterated a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. TD Cowen reiterated a “hold” rating on shares of Macy’s in a research note on Monday, September 14th. Finally, Telsey Advisory Group increased their price target 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. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.78.
Get Our Latest Analysis on Macy’s
Macy’s Stock Up 1.0%
Macy’s (NYSE:M – Get Free Report) last issued its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. 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. Research analysts forecast that Macy’s will post 2.34 EPS for the current fiscal year.
Insider Activity
In other news, EVP Thomas Edwards, Jr. sold 16,419 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president directly owned 20,000 shares in the company, valued at $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Macy’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 value of $258,273.51. Following the completion of the transaction, the senior vice president directly owned 25,373 shares in the company, valued at approximately $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. Corporate insiders own 1.05% of the company’s stock.
Institutional Investors Weigh In On Macy’s
Several large investors have recently modified their holdings of M. Norges Bank bought a new stake in Macy’s during the 4th quarter valued at $85,020,000. Bank of New York Mellon Corp bought a new position in shares of Macy’s in the second quarter valued at $67,450,000. SG Americas Securities LLC lifted its stake in shares of Macy’s by 1,344.4% in the first quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock valued at $55,344,000 after buying an additional 2,847,561 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Macy’s by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock valued at $150,448,000 after buying an additional 2,750,115 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Macy’s by 81.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock valued at $104,266,000 after buying an additional 2,594,549 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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