Macy’s (NYSE:M) Stock Rating Lowered by Wall Street Zen

Macy’s (NYSE:M) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other research firms have also commented on M. Citigroup lifted their target price 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. JPMorgan Chase & Co. raised their price target on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Macy’s in a research note on Monday, July 6th. Evercore set a $22.00 target price on Macy’s in a research note on Thursday, June 4th. Finally, TD Cowen raised their target price on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Macy’s currently has an average rating of “Hold” and a consensus price target of $21.70.

Macy’s Stock Up 4.6%

Shares of NYSE M opened at $25.97 on Friday. Macy’s has a 1 year low of $11.77 and a 1 year high of $26.15. The firm’s 50-day moving average is $23.63 and its 200-day moving average is $21.05. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $6.83 billion, a PE ratio of 10.73 and a beta of 1.47.

Macy’s (NYSE:M) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. Macy’s’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. Equities analysts expect that Macy’s will post 2.19 EPS for the current year.

Insider Activity

In other Macy’s news, 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 completion of the transaction, the senior vice president directly owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the 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 owned 20,000 shares of the company’s stock, valued at $497,800. This trade represents 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. Insiders own 1.05% of the company’s stock.

Institutional Trading of Macy’s

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Macy’s in the fourth quarter valued at approximately $85,020,000. Marshall Wace LLP bought a new position in Macy’s in the fourth quarter valued at $69,562,000. SG Americas Securities LLC grew its position in Macy’s by 1,344.4% in the first quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock valued at $55,344,000 after purchasing an additional 2,847,561 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Macy’s by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock valued at $150,448,000 after buying an additional 2,750,115 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Macy’s by 160.5% in the 2nd 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 last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

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.