Weekly Investment Analysts’ Ratings Updates for Macy’s (M)

Several brokerages have updated their recommendations and price targets on shares of Macy’s (NYSE: M) in the last few weeks:

• 6/6/2026 – Macy’s was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/4/2026 – Macy’s had its “sell” rating reaffirmed by UBS Group AG.
• 6/4/2026 – Macy’s was given a new $22.00 price target by Evercore Inc.
• 6/4/2026 – Macy’s had its price target raised by Citigroup Inc. from $18.00 to $22.00. They now have a “neutral” rating on the stock.
• 6/4/2026 – Macy’s had its price target raised by JPMorgan Chase & Co. from $21.00 to $27.00. They now have a “neutral” rating on the stock.
• 6/4/2026 – Macy’s had its price target raised by Telsey Advisory Group from $20.00 to $23.00. They now have a “market perform” rating on the stock.
• 4/26/2026 – Macy’s was downgraded by Wall Street Zen from “buy” to “hold”.
• 4/18/2026 – Macy’s was upgraded by Wall Street Zen from “hold” to “buy”.
• 4/13/2026 – Macy’s was upgraded by Zacks Research from “strong sell” to “hold”.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.1915 per share. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.3%. Macy’s’s payout ratio is 31.82%.

Insider Transactions at Macy’s

In other news, EVP Danielle L. Kirgan sold 10,010 shares of Macy’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $179,379.20. Following the sale, the executive vice president owned 108,008 shares in the company, valued at approximately $1,935,503.36. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Olivier Bron sold 7,228 shares of Macy’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $129,525.76. Following the sale, the chief executive officer owned 21,590 shares in the company, valued at $386,892.80. This trade represents a 25.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 94,967 shares of company stock worth $1,705,276 over the last three months. 1.05% of the stock is currently owned by company insiders.

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.