Macy’s, Inc. (NYSE:M) Receives $15.45 Average PT from Analysts

Shares of Macy’s, Inc. (NYSE:M) have been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.45.

M has been the subject of several analyst reports. Citigroup boosted their price target on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. UBS Group boosted their price target on shares of Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a report on Thursday, September 4th. Morgan Stanley boosted their price target on shares of Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. The Goldman Sachs Group boosted their price target on shares of Macy’s from $14.50 to $16.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, July 28th.

Insider Buying and Selling at Macy’s

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the completion of the transaction, the executive vice president owned 286,161 shares in the company, valued at approximately $4,950,585.30. This represents a 25.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the transaction, the senior vice president owned 23,379 shares of the company’s stock, valued at approximately $403,521.54. The trade was a 35.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 212,843 shares of company stock valued at $3,726,670. Company insiders own 1.09% of the company’s stock.

Institutional Trading of Macy’s

Several institutional investors and hedge funds have recently bought and sold shares of M. Summit Securities Group LLC raised its position in Macy’s by 106.0% in the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock valued at $28,000 after purchasing an additional 38,800 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Macy’s in the 1st quarter valued at $29,000. Cullen Frost Bankers Inc. purchased a new stake in Macy’s in the 3rd quarter valued at $31,000. UMB Bank n.a. raised its position in Macy’s by 523.0% in the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock valued at $37,000 after purchasing an additional 2,662 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Macy’s by 28.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock valued at $57,000 after purchasing an additional 1,087 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Price Performance

Shares of NYSE M opened at $19.48 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 11.13 and a beta of 1.78. The stock’s 50-day moving average is $17.22 and its two-hundred day moving average is $13.83. Macy’s has a 1-year low of $9.76 and a 1-year high of $19.99.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Analysts forecast that Macy’s will post 2.39 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be issued a $0.1824 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.73 annualized dividend and a dividend yield of 3.7%. Macy’s’s dividend payout ratio is presently 41.71%.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.