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

Shares of Macy's, Inc. (NYSE:M - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $14.85.

M has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. The Goldman Sachs Group lifted their target price on Macy's from $13.00 to $14.50 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Telsey Advisory Group reiterated a "market perform" rating and set a $17.00 target price (up previously from $14.00) on shares of Macy's in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their target price on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Citigroup lifted their target price on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th.

Macy's Stock Up 0.8%

Shares of NYSE M opened at $17.23 on Wednesday. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 9.85 and a beta of 1.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The business has a 50-day moving average of $13.16 and a two-hundred day moving average of $12.51. Macy's has a 1 year low of $9.76 and a 1 year high of $18.13.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.22. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.69 billion. Macy's had a return on equity of 15.39% and a net margin of 2.18%.Macy's's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, analysts forecast that Macy's will post 2.39 earnings per share for the current fiscal year.

Macy's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.1824 per share. The ex-dividend date is Monday, September 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.2%. Macy's's payout ratio is 41.71%.

Insider Activity at Macy's

In other news, EVP Danielle L. Kirgan sold 100,000 shares of Macy's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the sale, the executive vice president owned 286,161 shares in the company, valued at approximately $4,950,585.30. The trade was a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.77% of the company's stock.

Hedge Funds Weigh In On Macy's

Institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC increased its position in Macy's by 106.0% in the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company's stock valued at $28,000 after acquiring an additional 38,800 shares during the period. Headlands Technologies LLC acquired a new position in Macy's in the 1st quarter valued at about $29,000. UMB Bank n.a. increased its position in Macy's by 523.0% in the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company's stock valued at $37,000 after acquiring an additional 2,662 shares during the period. Fifth Third Bancorp increased its position in Macy's by 28.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company's stock valued at $57,000 after acquiring an additional 1,087 shares during the period. Finally, GAMMA Investing LLC increased its position in Macy's by 116.2% in the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company's stock valued at $88,000 after acquiring an additional 4,080 shares during the period. Institutional investors and hedge funds own 87.36% of the company's stock.

Macy's Company Profile

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.

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