Macy’s (NYSE:M) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Macy’s (NYSE:M) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. TD Cowen boosted their target price on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Morgan Stanley reissued an “overweight” rating and issued a $30.00 price target on shares of Macy’s in a research report on Monday, July 6th. Evercore set a $22.00 price objective on shares of Macy’s in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their price objective on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Finally, Citigroup raised their target price on shares of Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Macy’s has an average rating of “Hold” and an average target price of $21.70.

Macy’s Stock Up 0.6%

M stock opened at $25.11 on Monday. The firm has a market cap of $6.60 billion, a PE ratio of 10.37 and a beta of 1.46. Macy’s has a 1 year low of $11.77 and a 1 year high of $26.10. The company has a fifty day simple moving average of $23.27 and a 200 day simple moving average of $20.98. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period last year, the company earned $0.16 earnings per share. 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 anticipate that Macy’s will post 2.19 EPS for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.1915 dividend. This represents a $0.77 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. Macy’s’s payout ratio is currently 31.82%.

Insider Buying and Selling

In other news, EVP Thomas Jr. Edwards sold 16,419 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the sale, the executive vice president directly owned 20,000 shares of the company’s stock, valued at approximately $497,800. This represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the sale, the senior vice president owned 25,373 shares in the company, valued at approximately $650,309.99. The trade was a 28.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Macy’s

A number of institutional investors have recently added to or reduced their stakes in M. GAMMA Investing LLC increased its stake in Macy’s by 7.4% during the second quarter. GAMMA Investing LLC now owns 9,665 shares of the company’s stock valued at $228,000 after acquiring an additional 664 shares during the period. CoreCap Advisors LLC lifted its position in shares of Macy’s by 333.3% in the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock worth $61,000 after acquiring an additional 2,000 shares during the period. Versant Capital Management Inc grew its holdings 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 worth $113,000 after purchasing an additional 483 shares in the last quarter. Pacer Advisors Inc. grew its holdings 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 worth $34,034,000 after purchasing an additional 543,867 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Macy’s by 23.4% during the first quarter. Bank of America Corp DE now owns 978,206 shares of the company’s stock valued at $17,696,000 after purchasing an additional 185,678 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

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.