Macy's (NYSE:M) Sets New 1-Year High - Should You Buy?

Key Points

• Macy's shares reached a new 52-week high at $18.40 during trading, with recent analyst upgrades resulting in mixed ratings and price targets ranging from $6.50 to $18.50.
• The company reported $0.41 EPS for the latest quarter, exceeding estimates, but experienced a 2.5% decrease in revenue compared to the previous year.
• Macy's recently announced a quarterly dividend of $0.1824, yielding 4.0%, and insiders have sold over 212,000 shares in the past quarter.

Macy's, Inc. (NYSE:M - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $18.40 and last traded at $18.35, with a volume of 133448 shares trading hands. The stock had previously closed at $18.21.

Analysts Set New Price Targets

A number of research firms recently weighed in on M. Morgan Stanley boosted their target price on Macy's from $12.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 18th. The Goldman Sachs Group increased their price target on shares of Macy's from $13.00 to $14.50 and gave the company a "neutral" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. boosted their price objective 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. Jefferies Financial Group raised their target price on Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Finally, UBS Group boosted their price target on Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $15.25.

Macy's Trading Down 0.4%

The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. The company has a market cap of $4.87 billion, a PE ratio of 10.38 and a beta of 1.78. The stock has a 50 day moving average price of $14.99 and a 200 day moving average price of $12.96.

Macy's (NYSE:M - Get Free Report) last posted its quarterly earnings data 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. Macy's had a return on equity of 15.39% and a net margin of 2.18%.The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm's quarterly 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. Sell-side analysts predict that Macy's, Inc. will post 2.39 EPS for the current fiscal year.

Macy's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, September 15th. Macy's's dividend payout ratio is 41.71%.

Insiders Place Their Bets

In other Macy's news, EVP Danielle L. Kirgan sold 100,000 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $17.30, for a total value of $1,730,000.00. Following the sale, the executive vice president directly owned 286,161 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. Also, SVP Paul Griscom sold 12,843 shares of the company's stock in a transaction dated 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. The trade was a 35.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 212,843 shares of company stock valued at $3,726,670 in the last quarter. 2.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of M. PNC Financial Services Group Inc. lifted its holdings in shares of Macy's by 3.6% during the second quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company's stock valued at $307,000 after purchasing an additional 907 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Macy's by 0.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 205,492 shares of the company's stock valued at $2,581,000 after acquiring an additional 959 shares during the last quarter. Factorial Partners LLC grew its stake in shares of Macy's by 0.9% in the first quarter. Factorial Partners LLC now owns 111,000 shares of the company's stock worth $1,394,000 after acquiring an additional 1,000 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in Macy's by 3.2% in the second quarter. Horizon Kinetics Asset Management LLC now owns 32,500 shares of the company's stock worth $379,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Macy's by 4.5% in the second quarter. Raymond James Financial Inc. now owns 23,949 shares of the company's stock worth $279,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors 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.

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