Macy’s, Inc. (NYSE:M) Receives $22.78 Average Target Price from Analysts

Macy’s, Inc. (NYSE:M) has earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.7778.

A number of analysts have recently issued reports on the stock. TD Cowen restated a “hold” rating on shares of Macy’s in a report on Monday, September 14th. Zacks Research lowered Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. BTIG Research restated a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Citigroup increased their price objective on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th.

Macy’s Stock Performance

M opened at $22.80 on Friday. Macy’s has a twelve month low of $16.41 and a twelve month high of $26.58. The firm has a market capitalization of $5.95 billion, a PE ratio of 8.35 and a beta of 1.41. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $23.36 and its 200 day moving average price is $21.55.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share 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 company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts expect that Macy’s will post 2.34 EPS for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.1915 dividend. 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%.

Insider Transactions at Macy’s

In other Macy’s news, SVP Paul Griscom sold 10,077 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the transaction, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. This trade represents a 28.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in Macy’s by 37.0% during the second quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after purchasing an additional 613 shares in the last quarter. IFP Advisors Inc grew its position in shares of Macy’s by 263.3% in the 4th quarter. IFP Advisors Inc now owns 2,427 shares of the company’s stock valued at $54,000 after buying an additional 1,759 shares during the last quarter. CoreCap Advisors LLC lifted its position in Macy’s by 333.3% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock valued at $61,000 after acquiring an additional 2,000 shares during the last quarter. Rothschild Investment LLC boosted its stake in Macy’s by 572.2% in the fourth quarter. Rothschild Investment LLC now owns 2,998 shares of the company’s stock valued at $66,000 after acquiring an additional 2,552 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Macy’s by 60.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,099 shares of the company’s stock worth $68,000 after purchasing an additional 1,170 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

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.