Macy’s (NYSE:M) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Macy’s (NYSE:M) from a strong-buy rating to a buy rating in a research note published on Sunday.

M has been the subject of a number of other research reports. Evercore set a $22.00 price objective on shares of Macy’s in a research report on Thursday, June 4th. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. lifted their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Telsey Advisory Group upped their target price on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $30.00 price target on shares of Macy’s in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Macy’s presently has a consensus rating of “Hold” and a consensus target price of $21.70.

Macy’s Stock Performance

M stock opened at $24.78 on Friday. The stock’s 50 day simple moving average is $23.53 and its 200 day simple moving average is $21.02. Macy’s has a 12-month low of $11.77 and a 12-month high of $26.10. The firm has a market cap of $6.52 billion, a P/E ratio of 10.24 and a beta of 1.47. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The firm’s 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. As a group, equities research analysts predict that Macy’s will post 2.19 EPS for the current year.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a $0.1915 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.1%. Macy’s’s dividend payout ratio is presently 31.82%.

Insiders Place Their Bets

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

Institutional Trading of Macy’s

A number of large investors have recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC bought a new stake in shares of Macy’s during the 4th quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of Macy’s in the 4th quarter valued at $29,000. Smartleaf Asset Management LLC increased its stake in Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after purchasing an additional 526 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after purchasing an additional 486 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Macy’s by 7,265.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after buying an additional 2,325 shares during the period. 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.