JPMorgan Chase & Co. Issues Pessimistic Forecast for Macy’s (NYSE:M) Stock Price

Macy’s (NYSE:M) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $24.00 to $21.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.29% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Evercore increased their price objective on Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a research note on Friday, December 5th. Wall Street Zen raised Macy’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. UBS Group upped their target price on Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday, March 9th. Telsey Advisory Group reissued a “market perform” rating and set a $20.00 price target (down from $25.00) on shares of Macy’s in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a $22.00 price target on shares of Macy’s in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $18.90.

Macy’s Price Performance

Macy’s stock opened at $18.06 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 0.18. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 7.78 and a beta of 1.51. The firm has a 50-day moving average of $20.36 and a two-hundred day moving average of $20.02. Macy’s has a 1 year low of $9.76 and a 1 year high of $24.41.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, March 18th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.12. Macy’s had a net margin of 2.84% and a return on equity of 14.22%. The business had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same period last year, the company posted $1.80 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, research analysts forecast that Macy’s will post 2.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC boosted its position in shares of Macy’s by 35.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Macy’s by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 26,806 shares of the company’s stock valued at $481,000 after buying an additional 500 shares during the period. Cambria Investment Management L.P. raised its holdings in shares of Macy’s by 4.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 12,066 shares of the company’s stock valued at $216,000 after buying an additional 524 shares during the period. Smartleaf Asset Management LLC lifted its stake in Macy’s by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after acquiring an additional 526 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after acquiring an additional 592 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Macy’s News Summary

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

• Positive Sentiment: Q4 beat on revenue and EPS; Macy’s reported $7.92B in revenue and $1.67 adjusted EPS, both topping estimates and driven by positive comps. Macy’s (NYSE:M) Q4 CY2025: Beats On Revenue, Stock Soars
• Positive Sentiment: Management attributes the turnaround to AI, reimagined stores and better use of loyalty data — a structural change that supports sustainable comp recovery. Macy’s Credits AI, Reimagined Stores and Loyalty Data for Return to Growth
• Positive Sentiment: Market reaction: shares jumped after the print as investors rotated back into the name on the surprise sales metric and progress at Bloomingdale’s. Why Are Macy’s (M) Shares Soaring Today
• Neutral Sentiment: Company provided slides and an earnings presentation for the quarter — useful for investors evaluating the durability of the comp rebound and store-refresh plans. Macy’s, Inc. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Several firms pared price targets and kept neutral/hold ratings (TD Cowen to $20 hold; JPMorgan to $21 neutral; Telsey reaffirmed market perform at $20) — these cuts temper upside despite the beat. Macy’s Analysts Slash Their Forecasts After Q4 Results
• Negative Sentiment: Macy’s issued cautious full-year guidance (forecasting weaker annual sales/profit), and Reuters highlights the company’s warning on tight consumer spending and only mid-year tariff relief — a near-term headwind for estimates. Macy’s forecasts weak annual sales, profit; sees tariff relief
• Negative Sentiment: Some analysts cut targets aggressively (Citigroup to $18, roughly in line with the current price) — indicates skepticism about upside absent clearer evidence that comps will sustain. Benzinga: Analyst Coverage

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.