Macy’s, Inc. (NYSE:M) Given Consensus Recommendation of “Reduce” by Brokerages

Macy’s, Inc. (NYSE:M) has been assigned an average rating of “Reduce” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.30.

Several research firms have commented on M. TD Cowen lowered their target price on shares of Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. Citigroup lifted their target price on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. lifted their target price on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Zacks Research raised shares of Macy’s from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Saturday, June 6th.

Insider Activity at Macy’s

In other Macy’s news, CEO Olivier Bron sold 7,228 shares of Macy’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 $129,525.76. Following the transaction, the chief executive officer owned 21,590 shares in the company, valued at $386,892.80. This trade represents a 25.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Macy’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $94,456.32. Following the completion of the transaction, the executive vice president owned 28,773 shares in the company, valued at approximately $515,612.16. This trade represents a 15.48% decrease in their position. 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 worth $1,705,276 in the last 90 days. Company insiders own 1.05% of the company’s stock.

Hedge Funds Weigh In On Macy’s

A number of hedge funds have recently made changes to their positions in M. CIBC Private Wealth Group LLC increased its stake in Macy’s by 35.9% during the 4th 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. increased its stake in Macy’s by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 26,806 shares of the company’s stock worth $481,000 after buying an additional 500 shares during the period. Cambria Investment Management L.P. increased its stake in Macy’s by 4.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 12,066 shares of the company’s stock worth $216,000 after buying an additional 524 shares during the period. Smartleaf Asset Management LLC increased 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 buying an additional 526 shares during the period. Finally, Bessemer Group Inc. increased 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 buying an additional 592 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Stock Up 7.6%

M stock opened at $24.93 on Friday. The stock has a market capitalization of $6.56 billion, a P/E ratio of 10.30 and a beta of 1.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. Macy’s has a one year low of $10.54 and a one year high of $25.05. The company has a 50 day moving average price of $20.02 and a two-hundred day moving average price of $20.67.

Macy’s (NYSE:M) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. Macy’s’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company 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, sell-side analysts expect that Macy’s will post 2.15 EPS for the current year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is 31.82%.

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.