Macy’s, Inc. (NYSE:M) Stock Has Consensus Price Target of $22.78

Macy’s, Inc. (NYSE:M) has received an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.78.

M has been the subject of several research analyst reports. Evercore set a $22.00 target price on Macy’s in a research note on Thursday, June 4th. Citigroup lifted their price target on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Weiss Ratings cut shares of Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. TD Cowen reiterated a “hold” rating on shares of Macy’s in a research note on Monday, September 14th. Finally, UBS Group reissued a “sell” rating on shares of Macy’s in a report on Thursday, September 17th.

Institutional Trading of Macy’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Macy’s during the 4th quarter worth approximately $85,020,000. Bank of New York Mellon Corp acquired a new position in shares of Macy’s in the 2nd quarter worth approximately $67,450,000. SG Americas Securities LLC increased its holdings in shares of Macy’s by 1,344.4% in the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock valued at $55,344,000 after acquiring an additional 2,847,561 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Macy’s by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock valued at $150,448,000 after acquiring an additional 2,750,115 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Macy’s by 81.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock valued at $104,266,000 after acquiring an additional 2,594,549 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

Macy’s Stock Up 1.5%

Shares of NYSE M opened at $22.64 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 1.59. Macy’s has a 1 year low of $16.41 and a 1 year high of $26.58. The stock’s 50-day simple moving average is $23.27 and its 200-day simple moving average is $21.61. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 8.29 and a beta of 1.41.

Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%.The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. Macy’s’s revenue for the quarter was up 1.1% on a year-over-year basis. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. As a group, equities analysts anticipate that Macy’s will post 2.34 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1915 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.4%. Macy’s’s dividend payout ratio (DPR) is presently 28.21%.

More Macy’s News

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Zacks raised its EPS forecasts for fiscal 2027 to $2.34 from $2.13, fiscal 2028 to $2.47 from $2.25, and fiscal 2029 to $2.57 from $2.36. It also increased estimates for Q2 2028, Q4 2028 and Q2 2029, suggesting improved expectations for Macy’s longer-term earnings potential.
• Positive Sentiment: The stock’s low valuation—about 8.3 times earnings—may be supporting investor interest, particularly alongside the improved longer-term EPS outlook. Macy’s also remains a potential income investment because of its dividend profile. Macy’s Could Be a Great Choice
• Neutral Sentiment: Zacks maintained a “Hold” rating on Macy’s. The current full-year consensus EPS estimate remains $2.34, indicating that the estimate changes have not yet resulted in a broader change in the firm’s investment stance.
• Negative Sentiment: Zacks reduced its EPS forecasts for Q3 2027 to a loss of $0.19 from a loss of $0.11, Q3 2028 to a loss of $0.24 from a loss of $0.12, Q1 2028 to $0.09 from $0.10, and Q1 2029 to $0.10 from $0.11. These cuts highlight continued pressure in several seasonal or lower-earning periods.

About Macy’s

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.