Macy's (NYSE:M) Stock Moved Down to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen downgraded Macy’s from “buy” to “hold.” The broader analyst consensus is also “hold,” with three buys, eight holds, two sells, and an average price target of $22.78.
• Macy’s shares opened at $23.99, while the company reported quarterly earnings of $0.63 per share, beating estimates of $0.37, and revenue of $5.06 billion versus expectations of $4.81 billion.
• Institutional investors own 87.36% of Macy’s stock, with several major funds—including Bank of New York Mellon, Arrowstreet Capital, and Wellington Management—recently initiating or increasing positions.

Macy's (NYSE:M - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

M has been the subject of a number of other reports. Citigroup raised 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. BTIG Research reiterated a "neutral" rating on shares of Macy's in a research note on Friday, September 11th. Weiss Ratings upgraded shares of Macy's from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Morgan Stanley reissued an "overweight" rating and set a $30.00 price target on shares of Macy's in a research report on Monday, July 6th. Finally, UBS Group reissued a "sell" rating on shares of Macy's in a research report on Thursday, September 17th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $22.78.

Macy's Trading Down 1.0%

Macy's stock opened at $23.99 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The business's fifty day simple moving average is $22.74 and its two-hundred day simple moving average is $22.15. Macy's has a 12 month low of $16.69 and a 12 month high of $26.58. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 8.79 and a beta of 1.44.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.26. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. Macy's had a return on equity of 13.21% and a net margin of 3.29%. The company's revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $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 predict that Macy's will post 2.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in shares of Macy's during the 2nd quarter valued at $67,450,000. SG Americas Securities LLC increased its holdings in Macy's by 1,344.4% in the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company's stock worth $55,344,000 after acquiring an additional 2,847,561 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Macy's by 81.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company's stock valued at $104,266,000 after purchasing an additional 2,594,549 shares during the period. Wellington Management Group LLP purchased a new position in shares of Macy's in the second quarter valued at about $32,562,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Macy's in the first quarter valued at about $23,314,000. Institutional investors own 87.36% of the company's stock.

Macy's Company Profile

Macy's, Inc NYSE: M is an American omnichannel retailer that sells apparel, accessories, beauty products, home furnishings, jewelry, and other consumer merchandise through department stores, specialty stores, and digital platforms. Its principal brands include Macy's, Bloomingdale's, and Bluemercury, a beauty retailer offering cosmetics, skincare, fragrance, and related services.

The company serves customers primarily in the United States through its stores and e-commerce operations. Macy's offers a mix of national and private-brand merchandise, while Bloomingdale's focuses on premium and luxury products and Bluemercury operates beauty stores and in-store beauty shops.

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