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

Posted by Geri Gentry on Jul 29th, 2026

Macy's logo Macy’s (NYSE:M – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on M. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. UBS Group reiterated a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Morgan Stanley reissued an “overweight” rating and set a $30.00 price objective on shares of Macy’s in a research report on Monday, July 6th. Citigroup boosted their target price on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. raised their price target on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.70.

Read Our Latest Analysis on Macy’s

Macy’s Price Performance

Shares of M opened at $25.11 on Monday. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 10.37 and a beta of 1.46. Macy’s has a fifty-two week low of $11.77 and a fifty-two week high of $26.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The business’s 50-day moving average is $23.27 and its 200-day moving average is $20.98.

Macy’s (NYSE:M – Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts expect that Macy’s will post 2.19 EPS for the current fiscal year.

Insider Transactions at Macy’s

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the company’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 transaction of $408,668.91. Following the completion of the sale, the executive vice president owned 20,000 shares of the company’s stock, valued at $497,800. This represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares in the company, valued at approximately $650,309.99. This trade represents a 28.43% decrease in their position. 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 hedge funds and other institutional investors have recently made changes to their positions in the business. Kingsview Wealth Management LLC acquired a new stake in Macy’s in the 4th quarter valued at approximately $3,524,000. Artemis Investment Management LLP acquired a new position in shares of Macy’s during the fourth quarter worth approximately $2,752,000. Intech Investment Management LLC boosted its position in shares of Macy’s by 540.1% in the fourth quarter. Intech Investment Management LLC now owns 125,154 shares of the company’s stock valued at $2,760,000 after acquiring an additional 105,601 shares during the period. Lisanti Capital Growth LLC bought a new stake in shares of Macy’s in the fourth quarter valued at approximately $3,111,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Macy’s in the fourth quarter worth $4,598,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s Company Profile

(Get Free Report)

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.