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

Wall Street Zen cut shares of Macy’s (NYSE:M) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other research firms have also weighed in on M. Weiss Ratings raised Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. UBS Group restated a “sell” rating on shares of Macy’s in a report on Thursday, September 17th. TD Cowen reaffirmed a “hold” rating on shares of Macy’s in a research note on Monday, September 14th. Zacks Research lowered Macy’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Finally, BTIG Research reiterated a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.78.

Macy’s Trading Down 1.8%

Shares of Macy’s stock opened at $23.57 on Friday. The stock has a market cap of $6.16 billion, a P/E ratio of 8.64 and a beta of 1.44. The stock’s 50 day simple moving average is $22.72 and its 200-day simple moving average is $22.22. Macy’s has a 1-year low of $16.69 and a 1-year high of $26.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.59 and a quick ratio of 0.48.

Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.81 billion. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. Analysts predict that Macy’s will post 2.34 EPS for the current fiscal year.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.1915 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.77 annualized dividend and a yield of 3.2%. Macy’s’s dividend payout ratio (DPR) is 28.21%.

Institutional Investors Weigh In On Macy’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in M. V Square Quantitative Management LLC increased its position in shares of Macy’s by 48.4% during the third quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock valued at $44,000 after acquiring an additional 632 shares during the last quarter. Dupree Financial Group LLC raised its stake in shares of Macy’s by 1.6% in the 3rd quarter. Dupree Financial Group LLC now owns 550,532 shares of the company’s stock valued at $12,536,000 after acquiring an additional 8,822 shares during the period. Wedmont Private Capital purchased a new stake in shares of Macy’s in the 3rd quarter valued at approximately $227,000. Monument Capital Management acquired a new position in shares of Macy’s in the 3rd quarter worth approximately $2,434,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Macy’s by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 11,557 shares of the company’s stock worth $263,000 after acquiring an additional 1,892 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

About Macy’s

Macy’s, Inc (NYSE: M) is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy’s, Bloomingdale’s, and Bluemercury. Macy’s serves a broad customer base with fashion, beauty, and home products, while Bloomingdale’s focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.