Macy’s, Inc. (NYSE:M) Receives Average Recommendation of “Reduce” from Analysts

Macy’s, Inc. (NYSE:M) has earned a consensus rating of “Reduce” from the fifteen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.50.

Several analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of Macy’s in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. UBS Group set a $21.00 price objective on shares of Macy’s in a report on Thursday, December 4th. Jefferies Financial Group began coverage on shares of Macy’s in a research report on Wednesday, January 14th. They set a “buy” rating and a $27.00 price objective for the company. TD Cowen reissued a “hold” rating on shares of Macy’s in a report on Thursday, December 4th. Finally, Telsey Advisory Group raised their price target on Macy’s from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th.

Insider Buying and Selling at Macy’s

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president owned 51,161 shares in the company, valued at $1,223,771.12. The trade was a 62.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.09% of the company’s stock.

Institutional Trading of Macy’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management purchased a new stake in Macy’s in the fourth quarter valued at $1,148,000. Empowered Funds LLC increased its position in shares of Macy’s by 2.8% during the fourth quarter. Empowered Funds LLC now owns 494,711 shares of the company’s stock worth $10,908,000 after purchasing an additional 13,303 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of Macy’s by 16.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 13,612 shares of the company’s stock valued at $300,000 after purchasing an additional 1,915 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Macy’s by 86.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,168 shares of the company’s stock valued at $423,000 after purchasing an additional 8,874 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Macy’s during the 4th quarter worth approximately $412,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Stock Up 3.4%

Macy’s stock opened at $21.70 on Friday. The firm has a market capitalization of $5.77 billion, a P/E ratio of 12.84 and a beta of 1.50. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56. Macy’s has a twelve month low of $9.76 and a twelve month high of $24.41. The stock’s fifty day simple moving average is $22.08 and its 200-day simple moving average is $18.86.

Macy’s (NYSE:M) last released its earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.22. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business posted $0.04 earnings per share. Macy’s’s revenue was down .6% compared to the same quarter last year. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. As a group, equities analysts expect that Macy’s will post 2.39 earnings per share for the current fiscal year.

Macy’s Company Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.