Macy’s (NYSE:M) Sets New 1-Year High – Time to Buy?

Macy’s, Inc. (NYSE:M)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $26.10 and last traded at $26.0840, with a volume of 2694225 shares changing hands. The stock had previously closed at $24.82.

Wall Street Analysts Forecast Growth

M has been the topic of several analyst reports. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Macy’s from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Evercore set a $22.00 price objective on shares of Macy’s in a research note on Thursday, June 4th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Finally, Citigroup raised their price objective on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.70.

Macy’s Stock Performance

The stock’s 50 day simple moving average is $23.73 and its two-hundred day simple moving average is $21.08. The company has a market capitalization of $6.76 billion, a P/E ratio of 10.62 and a beta of 1.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. Macy’s’s 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. As a group, research analysts expect that Macy’s, Inc. will post 2.19 earnings per share for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is 31.40%.

Insiders Place Their Bets

In related news, EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the sale, the executive vice president directly owned 20,000 shares in the company, valued at $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $25.63, for a total value of $258,273.51. Following the sale, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. This represents a 28.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.05% of the company’s stock.

Institutional Investors Weigh In On Macy’s

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Macy’s by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company’s stock valued at $2,047,000 after acquiring an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Macy’s by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock worth $14,019,000 after purchasing an additional 55,821 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Macy’s by 33.1% during the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after purchasing an additional 14,489 shares during the period. Cetera Investment Advisers increased its holdings in Macy’s by 49.6% in the second quarter. Cetera Investment Advisers now owns 24,300 shares of the company’s stock valued at $283,000 after purchasing an additional 8,053 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Macy’s by 160.5% in the second quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock valued at $49,941,000 after buying an additional 2,639,132 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

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.