Macy’s (NYSE:M) Upgraded to Buy at Wall Street Zen

Macy’s (NYSE:M) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other analysts also recently commented on the company. Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Telsey Advisory Group boosted their target price on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Cowen decreased their target price on Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $20.30.

Macy’s Stock Down 3.7%

M opened at $22.19 on Friday. The business’s fifty day moving average is $19.62 and its two-hundred day moving average is $20.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.48. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 9.17 and a beta of 1.48. Macy’s has a one year low of $10.54 and a one year high of $24.41.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.Macy’s’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. 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. Analysts anticipate that Macy’s will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Tracy M. Preston sold 5,271 shares of the company’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 in the company, valued at $515,612.16. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $896,788.48. Following the completion of the sale, the chief executive officer owned 485,791 shares in the company, valued at $8,705,374.72. This represents a 9.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 94,967 shares of company stock valued at $1,705,276 over the last three months. Insiders own 1.05% of the company’s stock.

Institutional Trading of Macy’s

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

Macy’s News Summary

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

• Positive Sentiment: Macy’s reported earnings that topped estimates across the board, with comps rising 3% year over year and management raising its full-year outlook, signaling that the turnaround strategy is working. Why Is Macy’s (M) Stock Rocketing Higher Today
• Positive Sentiment: JPMorgan and Telsey both raised their price targets on Macy’s, reflecting improved confidence in the company’s earnings power and recovery trajectory. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Traders bought significantly more call options than usual, a sign that some investors are positioning for additional upside after the earnings beat.
• Neutral Sentiment: Macy’s also announced it will participate in the Evercore Consumer and Retail Conference, which keeps the company in front of investors but does not materially change fundamentals. Macy’s, Inc. to Participate in 6th Annual Evercore Consumer and Retail Conference
• Neutral Sentiment: Coverage also highlighted Berkshire Hathaway’s new stake in Macy’s and broader interest in the retailer’s improving prospects, adding to the bullish narrative around the stock. Why Macy’s Stock Jumped 11% in May
• Negative Sentiment: The removal of Macy’s long-running Herald Square “shopping bag” billboard is a symbolic change, but it is more of a branding/cultural story than a direct financial driver. Macy’s 60-year-old ‘shopping bag’ billboard in Herald Square to be demolished

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.