Macy’s, Inc. (NYSE:M – Get Free Report) has earned an average recommendation of “Reduce” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $21.70.
Several equities research analysts recently commented on M shares. TD Cowen boosted their price target on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. JPMorgan Chase & Co. boosted their target price on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Finally, Evercore set a $22.00 price target on shares of Macy’s in a research report on Thursday, June 4th.
View Our Latest Stock Report on Macy’s
Macy’s Price Performance
Macy’s (NYSE:M – Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. 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. On average, equities research analysts forecast that Macy’s will post 2.16 EPS for the current fiscal year.
Macy’s Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, June 15th. Macy’s’s payout ratio is 31.82%.
Insider Buying and Selling
In other news, 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 sale, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 20,000 shares of the company’s stock, valued at $497,800. The trade was a 45.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.05% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Macy’s
Several institutional investors and hedge funds have recently added to or reduced their stakes in M. Schroder Investment Management Group increased its stake in Macy’s by 1.1% during the third quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after purchasing an additional 110,548 shares during the period. Kingsview Wealth Management LLC acquired a new position in Macy’s during the 4th quarter worth approximately $3,524,000. Artemis Investment Management LLP acquired a new position in Macy’s during the 4th quarter worth approximately $2,752,000. Intech Investment Management LLC increased its position in shares of Macy’s by 540.1% in the 4th quarter. Intech Investment Management LLC now owns 125,154 shares of the company’s stock valued at $2,760,000 after purchasing an additional 105,601 shares during the last quarter. Finally, Private Advisory Group LLC purchased a new stake in shares of Macy’s in the 4th quarter valued at approximately $1,396,000. Institutional investors and hedge funds own 87.36% of the company’s stock.
About Macy’s
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.
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