Macy’s (NYSE:M) Stock Gets Downgrade from Wall Street Zen

Macy’s (NYSE:M) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also weighed in on M. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. TD Cowen reissued a “hold” rating on shares of Macy’s in a research note on Monday, September 14th. Morgan Stanley restated an “overweight” rating and set a $30.00 target price on shares of Macy’s in a research report on Monday, July 6th. Zacks Research lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Finally, Citigroup lifted their target price 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. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.78.

Macy’s Stock Down 0.1%

Shares of NYSE:M opened at $23.99 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49. Macy’s has a 52-week low of $16.69 and a 52-week high of $26.58. The stock’s fifty day simple moving average is $22.74 and its 200-day simple moving average is $22.19. The company has a market capitalization of $6.26 billion, a P/E ratio of 8.79 and a beta of 1.44.

Macy’s (NYSE:M) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.63 EPS for the quarter, topping 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 analysts’ expectations of $4.81 billion. During the same quarter last year, the business posted $0.41 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. 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 research analysts forecast that Macy’s will post 2.34 earnings per share for the current fiscal year.

Institutional Trading of Macy’s

A number of hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC grew its holdings in Macy’s by 48.4% in the third quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock valued at $44,000 after purchasing an additional 632 shares during the period. Dupree Financial Group LLC increased its position in Macy’s by 1.6% during the third quarter. Dupree Financial Group LLC now owns 550,532 shares of the company’s stock worth $12,536,000 after purchasing an additional 8,822 shares during the last quarter. Wedmont Private Capital acquired a new position in Macy’s during the third quarter worth approximately $227,000. Monument Capital Management purchased a new position in Macy’s during the third quarter worth approximately $2,434,000. Finally, GAMMA Investing LLC raised its stake in Macy’s by 19.6% during the third quarter. GAMMA Investing LLC now owns 11,557 shares of the company’s stock worth $263,000 after purchasing an additional 1,892 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

About Macy’s

Macy’s, Inc (NYSE:M) is an American omnichannel retailer that sells apparel, accessories, beauty products, home furnishings, jewelry, and other consumer merchandise through department stores, specialty stores, and digital platforms. Its principal brands include Macy’s, Bloomingdale’s, and Bluemercury, a beauty retailer offering cosmetics, skincare, fragrance, and related services.

The company serves customers primarily in the United States through its stores and e-commerce operations. Macy’s offers a mix of national and private-brand merchandise, while Bloomingdale’s focuses on premium and luxury products and Bluemercury operates beauty stores and in-store beauty shops.