Macy’s (NYSE:M) Rating Lowered to Hold at Zacks Research

Macy’s (NYSE:M) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Guggenheim assumed coverage on Macy’s in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Wall Street Zen raised shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Citigroup increased their price target on shares of Macy’s from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. BTIG Research began coverage on shares of Macy’s in a research note on Tuesday, October 14th. They set a “neutral” rating for the company. Finally, TD Cowen reissued a “hold” rating on shares of Macy’s in a research note on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Macy’s has a consensus rating of “Reduce” and a consensus target price of $20.50.

Macy’s Price Performance

NYSE M traded up $0.23 on Monday, reaching $21.46. 3,073,883 shares of the company’s stock traded hands, compared to its average volume of 6,466,354. The stock has a market cap of $5.70 billion, a PE ratio of 12.72 and a beta of 1.50. Macy’s has a 12 month low of $9.76 and a 12 month high of $24.41. The stock has a 50-day simple moving average of $22.18 and a 200 day simple moving average of $18.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18.

Macy’s (NYSE:M) last released its earnings results on Wednesday, December 3rd. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.22. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. Macy’s had a net margin of 2.10% and a return on equity of 15.57%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. As a group, research analysts predict that Macy’s will post 2.39 earnings per share for the current year.

Insiders Place Their Bets

In other Macy’s news, EVP Danielle L. Kirgan sold 85,000 shares of Macy’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the completion of the transaction, the executive vice president owned 51,161 shares in the company, valued at approximately $1,223,771.12. The trade was a 62.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new position in shares of Macy’s in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in shares of Macy’s in the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. purchased a new position in Macy’s in the third quarter valued at approximately $31,000. Bessemer Group Inc. grew its stake in Macy’s by 41.4% during the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after buying an additional 592 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of Macy’s by 101.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after acquiring an additional 1,162 shares during the period. Institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

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.