Wall Street Zen Upgrades Macy's (NYSE:M) to Buy

Key Points

• Wall Street Zen upgraded Macy’s from “hold” to “buy,” though broader analyst sentiment remains “Hold,” with nine hold, two buy, and two sell ratings and an average price target of $22.78.
• Macy’s shares opened at $21.97, while the company’s latest quarterly results exceeded expectations: adjusted EPS was $0.63 versus a $0.37 consensus estimate, and revenue reached $5.06 billion versus $4.81 billion expected.
• Two executives sold shares in June to cover tax obligations related to equity awards, while institutional investors—including Sequoia Financial Advisors and IFP Advisors—generally increased their holdings; institutions collectively own 87.36% of the company.

Macy's (NYSE:M - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Morgan Stanley restated an "overweight" rating and set a $30.00 price objective on shares of Macy's in a research note on Monday, July 6th. Weiss Ratings lowered shares of Macy's from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, September 10th. BTIG Research reissued a "neutral" rating on shares of Macy's in a report on Friday, September 11th. Evercore set a $22.00 target price on shares of Macy's in a research report on Thursday, June 4th. Finally, UBS Group reaffirmed a "sell" rating on shares of Macy's in a report on Thursday. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $22.78.

Macy's Stock Up 1.5%

M stock opened at $21.97 on Friday. The firm has a 50 day moving average of $23.38 and a 200 day moving average of $21.48. The stock has a market capitalization of $5.74 billion, a PE ratio of 8.05 and a beta of 1.41. Macy's has a 52 week low of $16.41 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.

Macy's (NYSE:M - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.37 by $0.26. Macy's had a net margin of 3.29% and a return on equity of 13.21%. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The business's revenue for the quarter 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. Sell-side analysts forecast that Macy's will post 2.34 earnings per share for the current year.

Insider Activity at Macy's

In related news, EVP Thomas Edwards, Jr. sold 16,419 shares of Macy's stock in a transaction on Wednesday, June 24th. The shares were 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 approximately $497,800. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 business's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the sale, the senior vice president directly owned 25,373 shares of the company's stock, valued at approximately $650,309.99. The trade was 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 Trading of Macy's

Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its stake in shares of Macy's by 19.5% during the second quarter. Sequoia Financial Advisors LLC now owns 38,689 shares of the company's stock worth $911,000 after purchasing an additional 6,310 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Macy's in the 2nd quarter valued at about $735,000. IFP Advisors Inc lifted its stake in Macy's by 559.1% in the 2nd quarter. IFP Advisors Inc now owns 10,229 shares of the company's stock valued at $241,000 after buying an additional 8,677 shares in the last quarter. Allworth Financial LP boosted its holdings in Macy's by 37.0% in the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company's stock worth $53,000 after buying an additional 613 shares during the last quarter. Finally, Nykredit A S acquired a new stake in Macy's in the 2nd quarter worth about $69,000. Institutional investors and hedge funds own 87.36% of the company's stock.

About Macy's

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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