Macy’s’ (M) Neutral Rating Reiterated at BTIG Research

BTIG Research reaffirmed their neutral rating on shares of Macy’s (NYSE:M) in a research report released on Friday,Benzinga reports.

Several other equities research analysts have also issued reports on M. Zacks Research raised Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. UBS Group raised their price objective on Macy’s from $9.00 to $10.00 and gave the company a “sell” rating in a report on Wednesday, August 26th. Morgan Stanley restated an “overweight” rating and issued a $30.00 target price on shares of Macy’s in a research report on Monday, July 6th. Finally, Evercore set a $22.00 price target on shares of Macy’s in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.78.

Macy’s Trading Down 0.2%

Shares of M opened at $22.03 on Friday. The firm’s 50 day simple moving average is $23.47 and its 200 day simple moving average is $21.43. The company has a market capitalization of $5.75 billion, a P/E ratio of 8.07 and a beta of 1.41. 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 has a 1-year low of $16.41 and a 1-year high of $26.58.

Macy’s (NYSE:M) last released its quarterly earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.26. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. Sell-side analysts forecast that Macy’s will post 2.28 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 15th. Macy’s’s dividend payout ratio is currently 31.82%.

Insider Buying and Selling at Macy’s

In other Macy’s news, EVP Thomas Edwards, Jr. sold 16,419 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the sale, the executive vice president owned 20,000 shares of the company’s stock, valued at $497,800. This trade represents a 45.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the transaction, the senior vice president owned 25,373 shares in the company, valued at $650,309.99. The trade was a 28.43% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.05% of the company’s stock.

Institutional Investors Weigh In On Macy’s

Institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC grew its position in shares of Macy’s by 19.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,689 shares of the company’s stock worth $911,000 after buying an additional 6,310 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Macy’s during the second quarter valued at approximately $735,000. IFP Advisors Inc raised its holdings in shares of Macy’s by 559.1% during the second quarter. IFP Advisors Inc now owns 10,229 shares of the company’s stock valued at $241,000 after acquiring an additional 8,677 shares in the last quarter. Allworth Financial LP lifted its stake in Macy’s by 37.0% in the second quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after acquiring an additional 613 shares during the period. Finally, Nykredit A S purchased a new stake in Macy’s in the second quarter worth $69,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Key Headlines Impacting Macy’s

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

• Positive Sentiment: Macy’s exceeded analysts’ expectations for second-quarter earnings and revenue. Reported adjusted EPS was approximately $0.40 versus the $0.37 consensus, while revenue rose 1.1% year over year to roughly $4.9 billion. The company also reported growth across its major nameplates. Macy’s Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The retailer raised its fiscal 2026 outlook, projecting EPS of $2.15-$2.35 versus a $2.11 consensus and revenue of approximately $21.7-$21.8 billion, above the $21.1 billion consensus. Its sales outlook was supported by higher comparable sales expectations and continued demand from middle- and higher-income customers. Macy’s Posts Strong Results and Raises Guidance
• Positive Sentiment: Management said premium merchandise and tariff refunds helped results. The improving sales trend and a roughly 3.5% dividend yield may appeal to income-focused investors if the turnaround continues and cash generation remains solid. Premium Goods Drive Sales Growth
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, indicating that the earnings improvement and valuation are balanced by execution risks in the ongoing turnaround. BTIG Research Rating
• Negative Sentiment: Despite the beat and guidance increase, investors initially focused on Macy’s projected third-quarter adjusted loss of $0.19-$0.23 per share, which is wider than the $0.12 consensus loss. Softer near-term comparable-sales expectations and broader market weakness also pressured sentiment. Macy’s Stock and Fiscal 2026 Outlook

About Macy’s

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.