Macy’s (NYSE:M) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Macy’s (NYSE:M) had its price target raised by analysts at JPMorgan Chase & Co. from $21.00 to $27.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 15.85% from the company’s previous close.

M has been the subject of a number of other reports. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research note on Thursday. Evercore set a $22.00 price target on Macy’s in a research note on Thursday. Citigroup reiterated a “neutral” rating on shares of Macy’s in a research report on Thursday. Telsey Advisory Group boosted 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 report on Thursday. Finally, Zacks Research upgraded shares of Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Macy’s presently has an average rating of “Reduce” and a consensus price target of $19.90.

Macy’s Stock Performance

M traded up $1.51 during trading hours on Thursday, hitting $23.31. The company’s stock had a trading volume of 6,220,182 shares, compared to its average volume of 6,860,797. Macy’s has a fifty-two week low of $10.54 and a fifty-two week high of $24.41. The company has a current ratio of 1.49, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $6.15 billion, a PE ratio of 10.05 and a beta of 1.48. The company has a 50-day simple moving average of $19.45 and a 200 day simple moving average of $20.53.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the firm earned $0.16 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. 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, sell-side analysts expect that Macy’s will post 2.1 EPS for the current year.

Insider Buying and Selling

In other news, EVP Danielle L. Kirgan sold 10,010 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $179,379.20. Following the completion of the sale, the executive vice president directly owned 108,008 shares of the company’s stock, valued at $1,935,503.36. This trade represents a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $94,456.32. Following the sale, the executive vice president directly owned 28,773 shares of the company’s stock, valued at approximately $515,612.16. This represents a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 94,967 shares of company stock valued at $1,705,276. 1.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Macy’s

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Macy’s by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock worth $298,035,000 after acquiring an additional 329,675 shares in the last quarter. RWC Asset Management LLP boosted its stake in shares of Macy’s by 0.6% during the 4th quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock worth $241,782,000 after acquiring an additional 62,839 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Macy’s by 6.6% during the 3rd quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock worth $193,004,000 after acquiring an additional 669,729 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Macy’s by 1.1% during the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after acquiring an additional 110,548 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Macy’s by 0.5% during the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after acquiring an additional 45,997 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Trending Headlines about Macy’s

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

• Positive Sentiment: Macy’s beat Q1 earnings and revenue estimates, with EPS of $0.13 versus $0.02 expected and revenue of $4.89 billion versus $4.61 billion forecast, helping support the stock. Business Wire article
• Positive Sentiment: Comparable sales rose 3% year over year, the company’s best first-quarter comps growth in four years, suggesting improving customer demand and execution. CNBC article
• Positive Sentiment: The company raised its FY26 guidance for sales, comparable sales and adjusted EPS, signaling management sees continued momentum from its “Bold New Chapter” turnaround strategy. WSJ article
• Positive Sentiment: Bloomingdale’s and higher-end merchandise are driving stronger performance, which is encouraging investors that Macy’s premium and luxury initiatives are working. WSJ article
• Positive Sentiment: Heavy call-option buying points to bullish sentiment in the options market, with traders positioning for further upside.
• Neutral Sentiment: Telsey Advisory Group raised its price target to $23 from $20 but kept a “market perform” rating, suggesting the stock may be near fair value. The Fly article
• Neutral Sentiment: Berkshire Hathaway’s newly disclosed stake has added attention to the name, though it appears more like validation of the turnaround than a direct catalyst. Motley Fool article

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.