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

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

A number of other equities research analysts have also recently commented on the stock. Evercore set a $22.00 price target on shares of Macy’s in a report on Thursday, June 4th. Citigroup upped their price objective on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. increased their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, TD Cowen boosted their price target on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.70.

Macy’s Price Performance

Shares of M opened at $23.33 on Friday. The stock has a market cap of $6.14 billion, a PE ratio of 9.64 and a beta of 1.46. 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 fifty-two week low of $11.77 and a fifty-two week high of $26.10. The firm’s 50-day simple moving average is $23.02 and its two-hundred day simple moving average is $20.96.

Macy’s (NYSE:M) last released 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. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.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 firm posted $0.16 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. 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 2.19 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Paul Griscom sold 10,077 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the transaction, the executive vice president owned 20,000 shares in the company, valued at $497,800. This represents a 45.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.05% of the company’s stock.

Institutional Trading of Macy’s

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Macy’s by 7.4% in the second quarter. GAMMA Investing LLC now owns 9,665 shares of the company’s stock worth $228,000 after buying an additional 664 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Macy’s by 333.3% during the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock valued at $61,000 after buying an additional 2,000 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Macy’s by 11.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,783 shares of the company’s stock valued at $113,000 after buying an additional 483 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Macy’s by 40.7% during the 1st 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 period. Finally, Bank of America Corp DE grew its stake in shares of Macy’s by 23.4% during the 1st quarter. Bank of America Corp DE now owns 978,206 shares of the company’s stock valued at $17,696,000 after acquiring an additional 185,678 shares during the period. Institutional investors own 87.36% of the company’s stock.

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.