Macy’s (NYSE:M) Upgraded by Wall Street Zen to Buy Rating

Macy’s (NYSE:M) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group raised their target price on Macy’s from $14.50 to $16.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Morgan Stanley increased their price target on Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Zacks Research raised Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. BTIG Research started coverage on shares of Macy’s in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, UBS Group lifted their price target on shares of Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.45.

Macy’s Price Performance

M traded up $0.02 during trading on Friday, reaching $20.38. The company’s stock had a trading volume of 5,685,812 shares, compared to its average volume of 7,746,100. The firm has a fifty day simple moving average of $17.90 and a two-hundred day simple moving average of $14.13. 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 company has a market cap of $5.47 billion, a price-to-earnings ratio of 11.64 and a beta of 1.83. Macy’s has a 1 year low of $9.76 and a 1 year high of $21.25.

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

Insider Buying and Selling

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the sale, the executive vice president owned 286,161 shares of the company’s stock, valued at approximately $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction on Thursday, September 11th. The shares were 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 owned 23,379 shares of the company’s stock, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 212,843 shares of company stock valued at $3,726,670 in the last 90 days. Company insiders own 1.09% of the company’s stock.

Institutional Trading of Macy’s

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in shares of Macy’s by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 26,806 shares of the company’s stock valued at $481,000 after acquiring an additional 500 shares during the last quarter. Bessemer Group Inc. lifted its stake in Macy’s by 41.4% during the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares during the last quarter. Ethic Inc. boosted its holdings in Macy’s by 5.5% in the third quarter. Ethic Inc. now owns 16,825 shares of the company’s stock valued at $302,000 after purchasing an additional 883 shares in the last quarter. Factorial Partners LLC increased its stake in Macy’s by 0.9% in the first quarter. Factorial Partners LLC now owns 111,000 shares of the company’s stock valued at $1,394,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its holdings in Macy’s by 3.2% during the second quarter. Horizon Kinetics Asset Management LLC now owns 32,500 shares of the company’s stock worth $379,000 after purchasing an additional 1,000 shares in the last quarter. 87.36% of the stock is 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.