Macy's (NYSE:M) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Macy’s from “hold” to “buy.” Overall, analysts remain cautious: the stock has three Buy, eight Hold and two Sell ratings, with an average target price of $22.78.
• Macy’s reported quarterly EPS of $0.63, beating the $0.37 consensus, and revenue of $5.06 billion versus expectations of $4.81 billion. Revenue increased 1.1% year over year, and the company forecast full-year 2026 EPS of $2.15–$2.35.
• Shares opened at $23.14, within a 52-week range of $16.69–$26.58. Institutional investors own 87.36% of the company’s stock.

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

A number of other brokerages also recently commented on M. BTIG Research restated a "neutral" rating on shares of Macy's in a research note on Friday, September 11th. TD Cowen started coverage on Macy's in a research note on Friday, October 30th. They issued a "hold" rating for the company. Weiss Ratings raised shares of Macy's from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. UBS Group reiterated a "sell" rating on shares of Macy's in a report on Thursday, September 17th. Finally, Citigroup upped their target price on shares of Macy's from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Macy's has an average rating of "Hold" and an average target price of $22.78.

Macy's Stock Performance

Shares of M opened at $23.14 on Friday. The company has a market capitalization of $6.05 billion, a PE ratio of 8.48 and a beta of 1.39. Macy's has a 52-week low of $16.69 and a 52-week high of $26.58. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $22.94 and a 200-day simple moving average of $21.75.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.26. The company had revenue of $5.06 billion during the quarter, compared to analysts' expectations of $4.81 billion. Macy's had a return on equity of 13.21% and a net margin of 3.29%. The business's revenue was up 1.1% on a year-over-year basis. During the same period last year, the business 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. Equities research analysts predict that Macy's will post 2.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Macy's

Institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its holdings in Macy's by 24.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 15,891 shares of the company's stock worth $362,000 after acquiring an additional 3,093 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Macy's by 26.1% in the 3rd quarter. Ritholtz Wealth Management now owns 136,894 shares of the company's stock valued at $3,117,000 after purchasing an additional 28,342 shares during the period. Knights of Columbus Asset Advisors LLC bought a new position in shares of Macy's during the third quarter worth about $3,950,000. Flynn Zito Capital Management LLC boosted its stake in shares of Macy's by 16.2% in the 3rd quarter. Flynn Zito Capital Management LLC now owns 13,269 shares of the company's stock worth $302,000 after buying an additional 1,852 shares during the last quarter. Finally, AlphaCore Capital LLC raised its position in shares of Macy's by 100.0% during the 3rd quarter. AlphaCore Capital LLC now owns 18,386 shares of the company's stock valued at $419,000 after buying an additional 9,194 shares in the last quarter. Institutional investors own 87.36% of the company's stock.

About Macy's

Macy's, Inc NYSE: M is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy's, Bloomingdale's, and Bluemercury. Macy's serves a broad customer base with fashion, beauty, and home products, while Bloomingdale's focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.

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