Macy's, Inc. (NYSE:M) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Macy’s, with nine hold, two sell and two buy ratings among 13 analysts. The average 12-month price target is $22.78.
• Macy’s exceeded quarterly expectations, reporting $0.63 in EPS versus a $0.37 estimate and revenue of $5.06 billion, up 1.1% year over year. Analysts expect approximately $2.34 in EPS for the current year.
• The company declared a quarterly dividend of $0.1915 per share, equating to an annualized $0.77 payout and a 3.5% yield; institutional investors own 87.36% of outstanding shares.

Shares of Macy's, Inc. (NYSE:M - Get Free Report) have been given a consensus rating of "Hold" by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $22.7778.

A number of research firms recently commented on M. BTIG Research reaffirmed a "neutral" rating on shares of Macy's in a research report on Friday, September 11th. TD Cowen reissued a "hold" rating on shares of Macy's in a report on Monday, September 14th. JPMorgan Chase & Co. increased their target price on shares of Macy's from $21.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, June 4th. Zacks Research cut shares of Macy's from a "strong-buy" rating to a "hold" rating in a report on Friday, September 11th. Finally, Evercore set a $22.00 price target on shares of Macy's in a research report on Thursday, June 4th.

Macy's Stock Performance

NYSE M 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 company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 1.59. The stock has a market cap 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.

Macy's (NYSE:M - Get Free Report) last posted its earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.37 by $0.26. Macy's had a return on equity of 13.21% and a net margin of 3.29%.The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Macy's will post 2.34 EPS for the current year.

Macy's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 15th. Macy's's dividend payout ratio is currently 28.21%.

Insider Buying and Selling at Macy's

In other news, SVP Paul Griscom sold 10,077 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president directly owned 25,373 shares in the company, valued at $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas Edwards, Jr. sold 16,419 shares of Macy'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 completion of the transaction, the executive vice president directly owned 20,000 shares in the company, valued at approximately $497,800. This represents a 45.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.05% of the stock is currently owned by company insiders.

Institutional Trading of Macy's

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Macy's by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company's stock valued at $298,035,000 after purchasing an additional 329,675 shares in the last quarter. RWC Asset Management LLP increased its holdings in Macy's by 0.6% in the fourth quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company's stock worth $241,782,000 after purchasing an additional 62,839 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Macy's by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company's stock valued at $150,448,000 after buying an additional 2,750,115 shares during the period. LSV Asset Management lifted its stake in Macy's by 26.1% in the fourth quarter. LSV Asset Management now owns 6,004,835 shares of the company's stock valued at $132,407,000 after buying an additional 1,244,631 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 worth $104,266,000 after buying an additional 2,594,549 shares in the last quarter. Institutional investors own 87.36% of the company's stock.

Macy's Company Profile

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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