Macy’s (NYSE:M) Hits New 12-Month High – Should You Buy?

Macy’s, Inc. (NYSE:M) shares reached a new 52-week high during trading on Thursday . The company traded as high as $25.75 and last traded at $25.8570, with a volume of 364422 shares trading hands. The stock had previously closed at $25.34.

Analysts Set New Price Targets

M has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. JPMorgan Chase & Co. lifted their target price on shares of Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Telsey Advisory Group increased 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. Finally, Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $20.80.

Macy’s Trading Up 1.0%

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 stock has a market cap of $6.83 billion, a PE ratio of 10.73 and a beta of 1.48. The stock has a 50-day moving average price of $21.41 and a two-hundred day moving average price of $20.88.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the prior year, the company earned $0.16 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. 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. Sell-side analysts forecast that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s payout ratio is 31.82%.

Insider Activity

In other Macy’s news, EVP Danielle L. Kirgan sold 10,010 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 $179,379.20. Following the sale, the executive vice president owned 108,008 shares of the company’s stock, valued at $1,935,503.36. The trade was a 8.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Macy’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 $896,788.48. Following the transaction, the chief executive officer owned 485,791 shares in the company, valued at approximately $8,705,374.72. This represents a 9.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 121,463 shares of company stock worth $2,372,218. Company insiders own 1.05% of the company’s stock.

Institutional Investors Weigh In On Macy’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC acquired a new position in shares of Macy’s during the fourth quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Macy’s during the 4th quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its stake in shares of 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. CIBC Private Wealth Group LLC boosted its stake in shares of 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 acquiring an additional 486 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Macy’s by 7,265.6% in the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after acquiring an additional 2,325 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

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.