Macy's (NYSE:M) Price Target Raised to $15.00 at Barclays

Key Points

• Barclays has raised Macy's price target from $12.00 to $15.00, maintaining an "equal weight" rating, indicating a potential downside of 7.91% from the current stock price.
• Macy's shares have increased by 20.7% recently and opened at $16.29, with an average price target of $13.90 from analysts who generally hold a "Hold" consensus rating.
• The company reported $0.41 earnings per share for the last quarter, exceeding analyst expectations of $0.19 but demonstrated a year-over-year revenue decline of 2.5%.

Macy's (NYSE:M - Get Free Report) had its price objective lifted by Barclays from $12.00 to $15.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential downside of 13.32% from the stock's current price.

A number of other brokerages have also recently commented on M. Telsey Advisory Group reaffirmed a "market perform" rating and set a $17.00 price objective (up previously from $14.00) on shares of Macy's in a research note on Wednesday. Jefferies Financial Group raised their price objective on shares of Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a research note on Wednesday. UBS Group raised their price objective on shares of Macy's from $6.00 to $6.50 and gave the stock a "sell" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Citigroup lifted their price target on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Macy's has a consensus rating of "Hold" and a consensus price target of $14.85.

Macy's Stock Performance

Shares of NYSE M traded up $0.07 during midday trading on Thursday, reaching $17.31. 18,321,722 shares of the stock were exchanged, compared to its average volume of 9,616,165. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 9.89 and a beta of 1.78. Macy's has a twelve month low of $9.76 and a twelve month high of $18.13. The firm has a 50-day simple moving average of $12.96 and a two-hundred day simple moving average of $12.48. The company has a quick ratio of 0.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.55.

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 analysts' consensus estimates of $0.19 by $0.22. The business had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.69 billion. Macy's had a net margin of 2.18% and a return on equity of 15.39%. The business's revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company 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. As a group, analysts anticipate that Macy's will post 2.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Macy's

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

About Macy's

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.