Macy’s (NYSE:M) Reaches New 12-Month High – Time to Buy?

Macy’s, Inc. (NYSE:M)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $19.99 and last traded at $19.8560, with a volume of 1650158 shares traded. The stock had previously closed at $19.49.

Analyst Ratings Changes

A number of research firms recently weighed in on M. Telsey Advisory Group restated a “market perform” rating and set a $17.00 target price (up from $14.00) on shares of Macy’s in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research report on Wednesday, October 8th. BTIG Research began coverage on Macy’s in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Barclays upped their price target on Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, September 4th. Finally, Citigroup boosted their price objective on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.45.

Macy’s Trading Up 2.2%

The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 11.38 and a beta of 1.78. The company has a fifty day moving average of $17.22 and a two-hundred day moving average of $13.85.

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

Macy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be issued a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, December 15th. Macy’s’s dividend payout ratio is currently 41.71%.

Insiders Place Their Bets

In other news, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the sale, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total value of $1,775,000.00. Following the completion of the sale, the executive vice president owned 136,161 shares in the company, valued at approximately $2,416,857.75. This represents a 42.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 212,843 shares of company stock valued at $3,726,670. 1.09% of the stock is owned by corporate insiders.

Institutional Trading of Macy’s

Large investors have recently bought and sold shares of the company. Summit Securities Group LLC boosted its position in shares of Macy’s by 106.0% in the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after buying an additional 38,800 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Macy’s in the first quarter valued at about $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Macy’s in the third quarter valued at approximately $31,000. UMB Bank n.a. increased its stake in shares of Macy’s by 523.0% during the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Macy’s by 28.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after purchasing an additional 1,087 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

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.