Macy’s (NYSE:M) Sets New 12-Month High – Here’s Why

Macy’s, Inc. (NYSE:M)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.10 and last traded at $26.0840, with a volume of 2694225 shares changing hands. The stock had previously closed at $24.82.

Analyst Upgrades and Downgrades

Several research firms have recently commented on M. Citigroup raised their target price on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Wall Street Zen cut shares of Macy’s from a “strong-buy” rating to a “buy” rating in a research report on Sunday. UBS Group reissued a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Zacks Research upgraded shares of Macy’s from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Telsey Advisory Group lifted their price objective on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.70.

Macy’s Price Performance

The firm has a market cap of $6.83 billion, a PE ratio of 10.76 and a beta of 1.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The firm has a 50-day simple moving average of $23.53 and a 200 day simple moving average of $21.02.

Macy’s (NYSE:M) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. 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 analysts expect that Macy’s, Inc. will post 2.19 EPS for the current year.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.1915 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.9%. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Insider Activity at Macy’s

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

Institutional Investors Weigh In On Macy’s

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Macy’s in the 4th quarter worth $85,020,000. Marshall Wace LLP purchased a new stake in shares of Macy’s during the fourth quarter valued at $69,562,000. SG Americas Securities LLC boosted its position in shares of Macy’s by 1,344.4% during the first quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock valued at $55,344,000 after buying an additional 2,847,561 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Macy’s by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock worth $150,448,000 after buying an additional 2,750,115 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Macy’s by 160.5% in the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after buying an additional 2,639,132 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Company Profile

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.