Macy’s, Inc. (NYSE:M) Stock Has Average Price Target of $22.78 According to Brokerages

Shares of Macy’s, Inc. (NYSE:M) have been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $22.78.

Several research analysts recently issued reports on M shares. Zacks Research lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. TD Cowen reissued a “hold” rating on shares of Macy’s in a research report on Monday, September 14th. Morgan Stanley reissued an “overweight” rating and set a $30.00 price objective on shares of Macy’s in a research note on Monday, July 6th. UBS Group reissued a “sell” rating on shares of Macy’s in a research note on Thursday, September 17th. Finally, Citigroup upped their price objective on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th.

Macy’s Price Performance

M opened at $23.99 on Thursday. The stock has a fifty day simple moving average of $22.74 and a two-hundred day simple moving average of $22.15. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 8.79 and a beta of 1.44. Macy’s has a 12-month low of $16.69 and a 12-month high of $26.58.

Macy’s (NYSE:M) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. 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. Research analysts predict that Macy’s will post 2.34 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

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

Institutional Trading of Macy’s

A number of hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC boosted its position in shares of Macy’s by 48.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock worth $44,000 after purchasing an additional 632 shares in the last quarter. Allworth Financial LP grew its stake in shares of Macy’s by 37.0% in the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after buying an additional 613 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Macy’s by 333.3% in the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock worth $61,000 after buying an additional 2,000 shares during the last quarter. Nykredit A S bought a new position in Macy’s during the 2nd quarter valued at approximately $69,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Macy’s by 28.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,059 shares of the company’s stock valued at $72,000 after buying an additional 671 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Macy’s Company Profile

Macy’s, Inc (NYSE:M) is an American omnichannel retailer that sells apparel, accessories, beauty products, home furnishings, jewelry, and other consumer merchandise through department stores, specialty stores, and digital platforms. Its principal brands include Macy’s, Bloomingdale’s, and Bluemercury, a beauty retailer offering cosmetics, skincare, fragrance, and related services.

The company serves customers primarily in the United States through its stores and e-commerce operations. Macy’s offers a mix of national and private-brand merchandise, while Bloomingdale’s focuses on premium and luxury products and Bluemercury operates beauty stores and in-store beauty shops.