Macy's' (M) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Macy's stock has received a "hold (C)" rating from Weiss Ratings, maintaining a consensus price target of $15.45.
• Despite a quarterly earnings report exceeding estimates, Macy's revenue declined by 2.5% compared to the same period last year.
• Recent insider selling included EVP Danielle Kirgan selling 100,000 shares valued at approximately $1.73 million.

Macy's (NYSE:M - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research firms have also recently weighed in on M. Zacks Research raised Macy's from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. The Goldman Sachs Group lifted their price objective on Macy's from $14.50 to $16.50 and gave the company a "neutral" rating in a research report on Monday. UBS Group lifted their price objective on Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research report on Thursday, September 4th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $17.00 price objective (up from $14.00) on shares of Macy's in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $15.45.

Macy's Price Performance

Shares of NYSE M opened at $17.72 on Wednesday. Macy's has a 1 year low of $9.76 and a 1 year high of $18.47. The stock has a market capitalization of $4.76 billion, a P/E ratio of 10.13 and a beta of 1.78. The company's 50-day moving average is $15.26 and its 200 day moving average is $13.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.19 by $0.22. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.69 billion. Macy's had a net margin of 2.18% and a return on equity of 15.39%. Macy's's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. 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, sell-side analysts expect that Macy's will post 2.39 earnings per share for the current year.

Insider Activity at Macy's

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the transaction, the executive vice president owned 286,161 shares in the company, valued at approximately $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Paul Griscom sold 12,843 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the transaction, the senior vice president owned 23,379 shares in the company, valued at approximately $403,521.54. This represents a 35.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 212,843 shares of company stock worth $3,726,670. Insiders own 1.09% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC lifted its stake in shares of Macy's by 106.0% in the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company's stock worth $28,000 after buying an additional 38,800 shares in the last quarter. Headlands Technologies LLC bought a new position in Macy's during the first quarter valued at approximately $29,000. UMB Bank n.a. lifted its position in Macy's by 523.0% during the second quarter. UMB Bank n.a. now owns 3,171 shares of the company's stock valued at $37,000 after purchasing an additional 2,662 shares during the period. Fifth Third Bancorp lifted its position in Macy's by 28.7% during the second quarter. Fifth Third Bancorp now owns 4,876 shares of the company's stock valued at $57,000 after purchasing an additional 1,087 shares during the period. Finally, GAMMA Investing LLC lifted its position in Macy's by 116.2% during the second quarter. GAMMA Investing LLC now owns 7,590 shares of the company's stock valued at $88,000 after purchasing an additional 4,080 shares during the period. Institutional investors 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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