Brokerages Set Macy’s, Inc. (NYSE:M) Target Price at $21.70

Macy’s, Inc. (NYSE:M) has been given a consensus rating of “Hold” by the fourteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $21.70.

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Macy’s from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Citigroup raised their price objective on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. TD Cowen boosted their price target on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, June 22nd. Weiss Ratings upgraded shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Finally, Telsey Advisory Group increased their price objective on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th.

Insiders Place Their Bets

In other news, SVP Paul Griscom sold 10,077 shares of the 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 transaction, the senior vice president directly owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. This represents a 28.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’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 transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. The trade was a 45.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.05% of the company’s stock.

Institutional Trading of Macy’s

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Macy’s in the 4th quarter valued at $85,020,000. Marshall Wace LLP acquired a new stake in Macy’s in the 4th quarter valued at about $69,562,000. SG Americas Securities LLC raised its holdings in Macy’s by 1,344.4% in the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock valued at $55,344,000 after acquiring an additional 2,847,561 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Macy’s by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock valued at $150,448,000 after purchasing an additional 2,750,115 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Macy’s by 160.5% during the second quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after buying an additional 2,639,132 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Price Performance

NYSE M opened at $25.45 on Friday. The company has a market cap of $6.70 billion, a PE ratio of 10.52 and a beta of 1.47. Macy’s has a 52-week low of $11.89 and a 52-week high of $26.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The firm’s 50 day moving average price is $23.82 and its 200-day moving average price is $21.11.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company posted $0.16 EPS. The business’s revenue for the quarter 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. Sell-side analysts forecast that Macy’s will post 2.19 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.1915 per share. The ex-dividend date was Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.0%. Macy’s’s dividend payout ratio is presently 31.82%.

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.