Macy’s (NYSE:M) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Macy’s (NYSE:M) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

M has been the subject of a number of other reports. 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 issued a $30.00 target price on shares of Macy’s in a report on Monday, July 6th. Zacks Research cut shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Citigroup increased their price target on shares of Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Finally, UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday, September 17th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Macy’s presently has an average rating of “Hold” and an average price target of $22.78.

Macy’s Trading Down 1.0%

M stock opened at $23.99 on Friday. The firm has a fifty day moving average price of $22.74 and a 200 day moving average price of $22.15. Macy’s has a fifty-two week low of $16.69 and a fifty-two week high of $26.58. The firm has a market cap of $6.26 billion, a PE ratio of 8.79 and a beta of 1.44. 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 (NYSE:M) last announced its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.26. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. Macy’s’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. 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. Sell-side analysts anticipate that Macy’s will post 2.34 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were issued a $0.1915 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.2%. Macy’s’s payout ratio is 28.21%.

Hedge Funds Weigh In On Macy’s

Several large investors have recently modified their holdings of M. Dimensional Fund Advisors LP lifted its position in Macy’s by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock worth $298,035,000 after buying an additional 329,675 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Macy’s by 81.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock worth $104,266,000 after buying an additional 2,594,549 shares during the period. Bank of New York Mellon Corp purchased a new position in Macy’s during the second quarter worth $67,450,000. SG Americas Securities LLC increased its position in 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 acquiring an additional 2,847,561 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Macy’s by 40.7% during the first quarter. Pacer Advisors Inc. now owns 1,881,348 shares of the company’s stock valued at $34,034,000 after acquiring an additional 543,867 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

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.