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

Shares of Macy’s, Inc. (NYSE:M) have been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.45.

A number of equities research analysts have commented on M shares. Citigroup increased their price target on Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price target (up from $14.00) on shares of Macy’s in a research note on Wednesday, September 3rd. The Goldman Sachs Group increased their price target on Macy’s from $14.50 to $16.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Zacks Research upgraded Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Barclays increased their price target on Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th.

Macy’s Trading Down 4.5%

Shares of NYSE M opened at $16.50 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The stock has a market capitalization of $4.43 billion, a P/E ratio of 9.43 and a beta of 1.78. Macy’s has a 1-year low of $9.76 and a 1-year high of $18.47. The business has a fifty day moving average price of $15.44 and a 200 day moving average price of $13.10.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Equities research analysts expect that Macy’s will post 2.39 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, September 15th. Macy’s’s dividend payout ratio (DPR) is presently 41.71%.

Insider Activity

In other news, SVP Paul Griscom sold 12,843 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the transaction, the senior vice president directly owned 23,379 shares in the company, valued at $403,521.54. This trade represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $17.30, for a total value of $1,730,000.00. Following the completion of the transaction, the executive vice president owned 286,161 shares of the company’s stock, valued at approximately $4,950,585.30. The trade was a 25.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 212,843 shares of company stock valued at $3,726,670. Company insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Macy’s by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 15,964,002 shares of the company’s stock worth $200,510,000 after purchasing an additional 212,791 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Macy’s by 16.0% in the second quarter. American Century Companies Inc. now owns 10,094,564 shares of the company’s stock worth $117,703,000 after purchasing an additional 1,395,030 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Macy’s by 104.5% in the second quarter. Schroder Investment Management Group now owns 9,627,790 shares of the company’s stock worth $112,260,000 after purchasing an additional 4,920,821 shares during the last quarter. State Street Corp raised its stake in shares of Macy’s by 0.5% in the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after purchasing an additional 45,997 shares during the last quarter. Finally, Cooper Creek Partners Management LLC raised its stake in shares of Macy’s by 13.4% in the second quarter. Cooper Creek Partners Management LLC now owns 7,395,091 shares of the company’s stock worth $86,227,000 after purchasing an additional 876,606 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.