Macy’s (NYSE:M) Price Target Raised to $23.00 at Telsey Advisory Group

Macy’s (NYSE:M) had its price target increased by research analysts at Telsey Advisory Group from $20.00 to $23.00 in a research note issued to investors on Thursday. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 5.72% from the stock’s current price.

M has been the subject of a number of other reports. Wall Street Zen cut Macy’s from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. UBS Group lifted their price objective on Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Monday, March 9th. Citigroup decreased their price objective on Macy’s from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $22.00 price objective on shares of Macy’s in a research note on Wednesday, March 18th. Finally, TD Cowen decreased their price objective on Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $19.20.

Macy’s Stock Up 0.4%

Shares of Macy’s stock opened at $21.76 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. Macy’s has a 12 month low of $10.54 and a 12 month high of $24.41. The business has a fifty day simple moving average of $19.45 and a 200 day simple moving average of $20.53. The stock has a market cap of $5.74 billion, a PE ratio of 9.38 and a beta of 1.48.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. 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 2.1 EPS for the current year.

Insiders Place Their Bets

In other Macy’s news, EVP Danielle L. Kirgan sold 10,010 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $179,379.20. Following the completion of the transaction, the executive vice president directly owned 108,008 shares of the company’s stock, valued at approximately $1,935,503.36. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $896,788.48. Following the completion of the transaction, the chief executive officer directly owned 485,791 shares of the company’s stock, valued at approximately $8,705,374.72. The trade was a 9.34% 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. Insiders sold a total of 94,967 shares of company stock valued at $1,705,276 in the last three months. Insiders own 1.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its stake in shares of Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after buying an additional 486 shares during the period. PNC Financial Services Group Inc. increased its stake in Macy’s by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 26,806 shares of the company’s stock worth $481,000 after acquiring an additional 500 shares during the period. Cambria Investment Management L.P. raised its holdings in Macy’s by 4.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 12,066 shares of the company’s stock valued at $216,000 after acquiring an additional 524 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after acquiring an additional 526 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position 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 valued at $37,000 after acquiring an additional 592 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s News Summary

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s reported adjusted EPS of $0.13, well above expectations, and revenue of $4.89 billion, also ahead of estimates, signaling better-than-expected quarterly execution. Macy’s, Inc. Reports Strong First Quarter 2026 Results and Raises Full-Year Outlook
• Positive Sentiment: Comparable sales rose 3%, the strongest first-quarter growth in four years, with luxury banners like Bloomingdale’s and premium product sales helping drive momentum. Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
• Positive Sentiment: The company raised its full-year outlook, reinforcing confidence that its “Bold New Chapter” turnaround plan is taking hold and that store refreshes are improving traffic and sales. Macy’s Lifts Outlook as Turnaround Continues Taking Hold
• Positive Sentiment: Berkshire Hathaway disclosed a new stake in Macy’s, which may be boosting investor sentiment by signaling confidence from a well-known value investor. Why Berkshire Hathaway Went Window-Shopping at Macy’s
• Neutral Sentiment: Analysts and media coverage are also highlighting that the stock’s move reflects renewed optimism around management’s store-experience improvements and shrinking competition, rather than a single one-day catalyst. Why Macy’s Stock Jumped 11% in May

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.