Macy’s (NYSE:M) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Macy’s (NYSE:M) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday.

Several other analysts also recently weighed in on M. Evercore set a $22.00 target price on shares of Macy’s in a research report on Thursday, June 4th. Citigroup raised their price target on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. lifted their price objective on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. UBS Group reissued a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Finally, Telsey Advisory Group boosted their price objective on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.70.

Macy’s Price Performance

Shares of NYSE M opened at $26.25 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The company has a market cap of $6.91 billion, a PE ratio of 10.85 and a beta of 1.47. The business has a 50-day simple moving average of $23.73 and a two-hundred day simple moving average of $21.08. Macy’s has a fifty-two week low of $11.77 and a fifty-two week high of $26.59.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. As a group, equities analysts expect that Macy’s will post 2.19 EPS for the current fiscal year.

Macy’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Insider Activity

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the transaction, the senior vice president directly owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. This trade represents a 28.43% decrease in their position. The SEC filing for this sale provides additional information. 1.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC purchased a new position in shares of Macy’s during the 4th quarter valued at approximately $3,524,000. Artemis Investment Management LLP acquired a new position in shares of Macy’s in the 4th quarter valued at $2,752,000. Intech Investment Management LLC boosted its holdings in Macy’s by 540.1% during the fourth quarter. Intech Investment Management LLC now owns 125,154 shares of the company’s stock worth $2,760,000 after buying an additional 105,601 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in Macy’s during the fourth quarter worth $3,111,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Macy’s during the fourth quarter valued at $4,598,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

About Macy’s

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.