Macy's (NYSE:M) Stock Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Macy’s shares rose above their 200-day moving average of $21.27, reaching $23.91 before closing at $23.43.
• The retailer beat quarterly expectations with EPS of $0.13 versus a $0.02 consensus and revenue of $4.89 billion, up 1.8% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and $21.70 price target; two executives also sold shares, citing tax-withholding obligations for one transaction.

Shares of Macy's, Inc. (NYSE:M - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.27 and traded as high as $23.91. Macy's shares last traded at $23.43, with a volume of 5,095,250 shares traded.

Analyst Upgrades and Downgrades

M has been the subject of a number of recent research reports. UBS Group restated a "sell" rating on shares of Macy's in a research note on Thursday, June 4th. Telsey Advisory Group lifted their price target on shares of Macy's from $20.00 to $23.00 and gave the stock a "market perform" rating in a research note on Thursday, June 4th. TD Cowen boosted their price target on shares of Macy's from $20.00 to $25.00 and gave the company a "hold" rating in a report on Monday, June 22nd. Zacks Research upgraded shares of Macy's from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Macy's from $21.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.70.

Macy's Trading Down 1.7%

The company has a 50-day simple moving average of $24.14 and a 200-day simple moving average of $21.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The stock has a market cap of $6.16 billion, a P/E ratio of 9.68 and a beta of 1.47.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. Macy's had a net margin of 2.94% and a return on equity of 13.68%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company earned $0.16 EPS. The firm's quarterly revenue was up 1.8% on a year-over-year basis. Macy's has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. On average, sell-side analysts forecast that Macy's, Inc. will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling at Macy's

In other Macy's news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm's stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the transaction, the executive vice president directly owned 20,000 shares of the company's stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of Macy's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the sale, the senior vice president directly owned 25,373 shares of the company's stock, valued at $650,309.99. This represents a 28.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.05% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Macy's by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company's stock valued at $2,047,000 after purchasing an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Macy's by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company's stock worth $14,019,000 after buying an additional 55,821 shares during the last quarter. Focus Partners Wealth boosted its holdings in Macy's by 33.1% during the first quarter. Focus Partners Wealth now owns 58,197 shares of the company's stock worth $731,000 after buying an additional 14,489 shares during the last quarter. Cetera Investment Advisers boosted its stake in Macy's by 49.6% during the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company's stock worth $283,000 after acquiring an additional 8,053 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Macy's by 160.5% during the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company's stock worth $49,941,000 after acquiring an additional 2,639,132 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

About Macy's

Macy's, Inc is a leading American omnichannel retailer operating under the Macy's brand, as well as specialty divisions Bloomingdale's and Bluemercury. The company's retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy's seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company's product assortment spans men's, women's and children's clothing, beauty and personal care products, housewares and home décor.

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