Macy’s (NYSE:M) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Macy’s (NYSE:M) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

A number of other equities analysts also recently commented on M. Zacks Research upgraded Macy’s from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Morgan Stanley reissued an “overweight” rating and issued a $30.00 target price on shares of Macy’s in a research report on Monday, July 6th. Citigroup raised their price target on shares of Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Evercore set a $22.00 price objective on shares of Macy’s in a report on Thursday, June 4th. Finally, BTIG Research reissued a “neutral” rating on shares of Macy’s in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.78.

Macy’s Price Performance

M opened at $22.66 on Friday. The stock has a fifty day moving average price of $23.45 and a 200 day moving average price of $21.44. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. Macy’s has a 1 year low of $16.41 and a 1 year high of $26.58. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 8.30 and a beta of 1.41.

Macy’s (NYSE:M) last issued its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%.The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the firm posted $0.41 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. Analysts forecast that Macy’s will post 2.28 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.1915 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.4%. Macy’s’s dividend payout ratio is 28.21%.

Insider Buying and Selling at Macy’s

In other Macy’s news, EVP Thomas Edwards, Jr. sold 16,419 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the sale, the executive vice president directly owned 20,000 shares in the company, valued at $497,800. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. This represents a 28.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.05% of the company’s stock.

Hedge Funds Weigh In On Macy’s

Several large investors have recently added to or reduced their stakes in M. Sequoia Financial Advisors LLC increased its position in shares of Macy’s by 19.5% during the second quarter. Sequoia Financial Advisors LLC now owns 38,689 shares of the company’s stock valued at $911,000 after purchasing an additional 6,310 shares during the period. Integrated Wealth Concepts LLC bought a new position in Macy’s in the second quarter worth $735,000. IFP Advisors Inc lifted its position in Macy’s by 559.1% in the second quarter. IFP Advisors Inc now owns 10,229 shares of the company’s stock worth $241,000 after purchasing an additional 8,677 shares during the period. Allworth Financial LP boosted its stake in Macy’s by 37.0% during the second quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after buying an additional 613 shares in the last quarter. Finally, Nykredit A S bought a new stake in Macy’s in the 2nd quarter valued at $69,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.