Macy’s, Inc. (NYSE:M) Stock Has Consensus Target Price of $22.78 According to Analysts

Shares of Macy’s, Inc. (NYSE:M) have been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $22.78.

M has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Macy’s from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Morgan Stanley reiterated an “overweight” rating and set a $30.00 target price on shares of Macy’s in a report on Monday, July 6th. TD Cowen reissued a “hold” rating on shares of Macy’s in a research note on Monday, September 14th. Citigroup boosted their price target on Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Macy’s in a research report on Friday, September 11th.

Macy’s Price Performance

Shares of Macy’s stock opened at $22.34 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.59 and a quick ratio of 0.48. Macy’s has a one year low of $16.41 and a one year high of $26.58. The business’s 50 day simple moving average is $23.29 and its two-hundred day simple moving average is $21.60. The stock has a market capitalization of $5.83 billion, a P/E ratio of 8.18 and a beta of 1.41.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%.The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly 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 2.34 EPS for the current year.

Macy’s Announces Dividend

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

Institutional Trading of Macy’s

Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its holdings in Macy’s by 22.5% in the 2nd quarter. QRG Capital Management Inc. now owns 37,118 shares of the company’s stock worth $874,000 after purchasing an additional 6,817 shares in the last quarter. 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 buying an additional 6,310 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Macy’s during the second quarter valued at about $735,000. IFP Advisors Inc raised its stake 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 buying an additional 8,677 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Macy’s by 37.0% in 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. Institutional investors own 87.36% of the company’s stock.

About Macy’s

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.