Macy’s (NYSE:M) Now Covered by Analysts at TD Cowen

TD Cowen began coverage on shares of Macy’s (NYSE:M) in a research note released on Friday,Zacks reports. The firm issued a hold rating on the stock.

Several other equities analysts have also weighed in on the stock. Zacks Research lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Wall Street Zen cut shares of Macy’s from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Citigroup boosted their target price on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, UBS Group restated a “sell” rating on shares of Macy’s in a report on Thursday, September 17th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Macy’s presently has an average rating of “Hold” and an average target price of $22.78.

Macy’s Stock Down 2.5%

M opened at $24.11 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 1.59. The company has a market capitalization of $6.30 billion, a PE ratio of 8.83 and a beta of 1.44. The stock’s fifty day moving average is $22.80 and its 200-day moving average is $21.68. Macy’s has a one year low of $16.69 and a one year high of $26.58.

Macy’s (NYSE:M) last announced its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.26. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. 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. On average, equities analysts predict that Macy’s will post 2.32 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be paid a $0.1915 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.2%. Macy’s’s dividend payout ratio (DPR) is currently 28.21%.

Institutional Trading of Macy’s

Several institutional investors and hedge funds have recently bought and sold shares of M. Root Financial Partners LLC acquired a new position in Macy’s during the third quarter valued at $36,000. V Square Quantitative Management LLC boosted its position in Macy’s by 48.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock worth $44,000 after acquiring an additional 632 shares during the period. Allworth Financial LP boosted its position in Macy’s by 37.0% during the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after acquiring an additional 613 shares during the period. CoreCap Advisors LLC boosted its position in Macy’s by 333.3% during 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. Finally, Nykredit A S purchased a new position in Macy’s during the 2nd quarter valued at about $69,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc (NYSE: M) is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy’s, Bloomingdale’s, and Bluemercury. Macy’s serves a broad customer base with fashion, beauty, and home products, while Bloomingdale’s focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.