Macy's, Inc. (NYSE:M) Stock Has Average Target Price of $22.78

Key Points

• Analysts maintain a “Hold” consensus on Macy’s, with eight hold, three buy, and two sell ratings. The average 12-month price target is $22.78, near the stock’s reported opening price of $22.71.
• Macy’s exceeded quarterly expectations, reporting $0.63 EPS versus the $0.37 consensus and revenue of $5.06 billion versus $4.81 billion expected. Revenue increased 1.1% year over year.
• The company pays a quarterly dividend of $0.1915 per share, equating to a 3.4% yield and a $0.77 annualized payout; institutional investors own 87.36% of the stock.

Macy's, Inc. (NYSE:M - Get Free Report) has been given an average rating of "Hold" by the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $22.78.

Several equities analysts have recently issued reports on the company. TD Cowen reaffirmed a "hold" rating on shares of Macy's in a research report on Monday, September 14th. Weiss Ratings upgraded shares of Macy's from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. BTIG Research reaffirmed a "neutral" rating on shares of Macy's in a report on Friday, September 11th. Wall Street Zen raised shares of Macy's from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. 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 research note on Tuesday, August 25th.

Macy's Stock Performance

Macy's stock opened at $22.71 on Thursday. The stock's 50 day simple moving average is $22.79 and its two-hundred day simple moving average is $22.10. 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 $5.93 billion, a price-to-earnings ratio of 8.32 and a beta of 1.44. Macy's has a fifty-two week low of $16.69 and a fifty-two 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.26. Macy's had a return on equity of 13.21% and a net margin of 3.29%. The firm 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 EPS. The business'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. As a group, analysts expect that Macy's will post 2.34 earnings per share for the current fiscal year.

Macy's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a dividend of $0.1915 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.4%. Macy's's dividend payout ratio (DPR) is 28.21%.

Hedge Funds Weigh In On Macy's

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Macy's by 23.4% in the 1st quarter. Bank of America Corp DE now owns 978,206 shares of the company's stock worth $17,696,000 after purchasing an additional 185,678 shares during the period. Royal Bank of Canada raised its stake in Macy's by 149.3% during the 1st quarter. Royal Bank of Canada now owns 175,506 shares of the company's stock valued at $3,175,000 after buying an additional 105,117 shares during the last quarter. Monument Capital Management bought a new position in shares of Macy's during the 3rd quarter valued at $2,434,000. Amundi lifted its holdings in shares of Macy's by 375.7% during the 1st quarter. Amundi now owns 230,041 shares of the company's stock valued at $4,161,000 after buying an additional 181,684 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted 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 valued at $104,266,000 after buying an additional 2,594,549 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

About Macy's

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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