Macy's, Inc. (NYSE:M) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts collectively rate Macy’s “Hold”: Of 13 covering analysts, eight recommend hold, three buy, and two sell. The average 12-month price target is $22.78.
• Macy’s quarterly results beat expectations, with EPS of $0.63 versus a $0.37 consensus and revenue of $5.06 billion versus $4.81 billion expected; revenue rose 1.1% year over year.
• The company declared a quarterly dividend of $0.1915 per share, equivalent to an annualized yield of about 3.3%.

Shares of Macy's, Inc. (NYSE:M - Get Free Report) have received an average recommendation of "Hold" from the thirteen analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $22.78.

M has been the subject of several recent analyst reports. Citigroup lifted their price target on Macy's from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Tuesday, August 25th. Wall Street Zen upgraded shares of Macy's from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group reissued a "sell" rating on shares of Macy's in a research report on Thursday, September 17th. 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. Finally, Zacks Research downgraded shares of Macy's from a "strong-buy" rating to a "hold" rating in a report on Friday, September 11th.

Macy's Trading Up 0.3%

Shares of M opened at $23.14 on Monday. The stock has a fifty day moving average of $22.94 and a two-hundred day moving average of $21.75. 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 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 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 quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.26. The business had revenue of $5.06 billion for 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 quarter last year, the firm 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, analysts forecast that Macy's will post 2.32 EPS for the current year.

Macy's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.1915 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.3%. Macy's's dividend payout ratio (DPR) is currently 28.21%.

Institutional Trading of Macy's

Institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in shares of Macy's during the 3rd quarter worth about $36,000. V Square Quantitative Management LLC increased its position in Macy's by 48.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company's stock worth $44,000 after purchasing an additional 632 shares in the last quarter. Allworth Financial LP raised its holdings in Macy's by 37.0% in the second quarter. Allworth Financial LP now owns 2,270 shares of the company's stock valued at $53,000 after buying an additional 613 shares during the period. CoreCap Advisors LLC raised its holdings in Macy's by 333.3% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the company's stock valued at $61,000 after buying an additional 2,000 shares during the period. Finally, Nykredit A S purchased a new position in Macy's in the second quarter valued at approximately $69,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

About Macy's

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.