Macy’s, Inc. (NYSE:M) Receives $21.90 Average Target Price from Analysts

Shares of Macy’s, Inc. (NYSE:M) have been given a consensus recommendation of “Hold” by the fourteen research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.00.

A number of equities research analysts recently issued reports on M shares. Morgan Stanley reissued an “overweight” rating and set a $30.00 price target on shares of Macy’s in a research note on Monday, July 6th. Evercore set a $22.00 price objective on Macy’s in a research report on Thursday, June 4th. Citigroup increased their target price on Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday. Telsey Advisory Group lifted their target price on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen lowered shares of Macy’s from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd.

Insider Activity

In other Macy’s news, 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 sale, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. The trade was a 28.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the company’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 $497,800. This represents a 45.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.05% of the company’s stock.

Institutional Trading of Macy’s

Several institutional investors and hedge funds have recently modified their holdings of M. California State Teachers Retirement System grew its stake in Macy’s by 2,278.6% in the second quarter. California State Teachers Retirement System now owns 7,184,304 shares of the company’s stock worth $169,190,000 after purchasing an additional 6,882,269 shares in the last quarter. Norges Bank bought a new stake in Macy’s during the 4th quarter valued at $85,020,000. Marshall Wace LLP bought a new stake in Macy’s during the 4th quarter valued at $69,562,000. Bank of New York Mellon Corp purchased a new stake in shares of Macy’s in the 2nd quarter worth $67,450,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Macy’s by 1,344.4% in the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock worth $55,344,000 after buying an additional 2,847,561 shares during the period. Institutional investors own 87.36% of the company’s stock.

Macy’s Stock Performance

Shares of NYSE:M opened at $22.05 on Wednesday. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.11 and a beta of 1.47. Macy’s has a 12 month low of $13.09 and a 12 month high of $26.58. The firm’s 50-day moving average is $23.91 and its 200 day moving average is $21.41. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. 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. Research analysts predict that Macy’s will post 2.22 EPS for the current year.

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.