Macy’s (NYSE:M) Reaches New 52-Week High – Time to Buy?

Macy’s, Inc. (NYSE:M) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $24.70 and last traded at $24.6960, with a volume of 4960452 shares. The stock had previously closed at $23.16.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on M. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Macy’s in a report on Wednesday, March 18th. Citigroup raised their target price on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $20.30.

Macy’s Stock Up 7.2%

The stock has a market cap of $6.53 billion, a P/E ratio of 10.26 and a beta of 1.48. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average is $19.89 and its 200 day moving average is $20.64.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. 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 research analysts forecast that Macy’s, Inc. will post 2.15 EPS for the current year.

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio is presently 31.40%.

Insider Activity at Macy’s

In other Macy’s news, CEO Olivier Bron sold 7,228 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $129,525.76. Following the sale, the chief executive officer directly owned 21,590 shares in the company, valued at $386,892.80. This trade represents a 25.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $94,456.32. Following the transaction, the executive vice president directly owned 28,773 shares of the company’s stock, valued at $515,612.16. This represents a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 94,967 shares of company stock valued at $1,705,276 in the last quarter. Company insiders own 1.05% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Strengthening Families & Communities LLC acquired a new stake in Macy’s during the fourth quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of Macy’s in the 4th quarter valued at $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Macy’s by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after acquiring an additional 526 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after acquiring an additional 592 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Macy’s by 101.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after acquiring an additional 1,162 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

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.