Macy’s (NYSE:M) Upgraded at Wall Street Zen

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

Several other equities analysts also recently commented on the company. Weiss Ratings upgraded Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. BTIG Research restated a “neutral” rating on shares of Macy’s in a research note on Friday, September 11th. Zacks Research cut shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. 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. Finally, UBS Group reiterated a “sell” rating on shares of Macy’s in a research note on Thursday, September 17th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.78.

Macy’s Price Performance

Shares of NYSE:M opened at $25.01 on Friday. Macy’s has a fifty-two week low of $16.69 and a fifty-two week high of $26.58. The business has a 50-day moving average of $23.00 and a two-hundred day moving average of $21.77. The stock has a market capitalization of $6.53 billion, a P/E ratio of 9.16 and a beta of 1.39. 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 issued its quarterly earnings data on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. The business had revenue of $5.06 billion for 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 firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. 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. On average, equities research analysts predict that Macy’s will post 2.32 EPS for the current fiscal year.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be paid a dividend of $0.1915 per share. The ex-dividend date is Tuesday, December 15th. This represents a $0.77 annualized dividend and a yield of 3.1%. Macy’s’s dividend payout ratio is presently 28.21%.

Institutional Trading of Macy’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in shares of Macy’s during the second quarter worth approximately $67,450,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Macy’s by 81.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock valued at $104,266,000 after acquiring an additional 2,594,549 shares during the period. Wellington Management Group LLP bought a new stake in shares of Macy’s in the second quarter valued at approximately $32,562,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Macy’s in the first quarter worth $23,314,000. Finally, Pacer Advisors Inc. grew its stake in shares of Macy’s by 40.7% in the first quarter. Pacer Advisors Inc. now owns 1,881,348 shares of the company’s stock worth $34,034,000 after acquiring an additional 543,867 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Company Profile