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

Key Points

• Macy's, Inc. has received an average rating of "Hold" from 15 brokerages, with an average 12-month target price of $15.25.
• Recent insider selling includes EVP Danielle L. Kirgan selling 100,000 shares for over $1.77 million, indicating a 42.34% reduction in her position.
• Macy's declared a quarterly dividend of $0.1824 per share, translating to a 4.0% annualized yield, with a payout ratio of 41.71%.

Macy's, Inc. (NYSE:M - Get Free Report) has received an average recommendation of "Hold" from the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $15.25.

A number of research firms have issued reports on M. Barclays upped their target price on shares of Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. upped their target price on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Telsey Advisory Group restated a "market perform" rating and set a $17.00 target price (up from $14.00) on shares of Macy's in a research report on Wednesday, September 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Macy's in a research report on Saturday, September 27th. Finally, Citigroup increased their price target on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th.

Insider Buying and Selling

In related news, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total value of $1,775,000.00. Following the sale, the executive vice president directly owned 136,161 shares in the company, valued at $2,416,857.75. This trade represents a 42.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Paul Griscom sold 12,843 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the sale, the senior vice president owned 23,379 shares in the company, valued at $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 212,843 shares of company stock worth $3,726,670 over the last quarter. 1.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Macy's

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC raised its position in shares of Macy's by 173.9% in the 1st quarter. Hsbc Holdings PLC now owns 85,939 shares of the company's stock valued at $1,087,000 after acquiring an additional 54,558 shares during the period. State of Alaska Department of Revenue increased its stake in Macy's by 126.0% during the 1st quarter. State of Alaska Department of Revenue now owns 184,511 shares of the company's stock worth $2,317,000 after purchasing an additional 102,885 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Macy's during the 1st quarter worth approximately $720,000. GAMMA Investing LLC increased its stake in Macy's by 1,188.7% during the 1st quarter. GAMMA Investing LLC now owns 44,086 shares of the company's stock worth $554,000 after purchasing an additional 40,665 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in Macy's during the 1st quarter worth approximately $304,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy's Stock Performance

Macy's stock opened at $18.19 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. Macy's has a 1 year low of $9.76 and a 1 year high of $18.35. The company has a market cap of $4.88 billion, a PE ratio of 10.39 and a beta of 1.78. The company's 50-day moving average is $14.99 and its two-hundred day moving average is $12.96.

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

Macy's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, September 15th. Macy's's dividend payout ratio (DPR) is currently 41.71%.

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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