Macy’s, Inc. (NYSE:M) Given Consensus Rating of “Hold” by Brokerages

Shares of Macy’s, Inc. (NYSE:M) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.75.

M has been the subject of several recent research reports. Barclays lifted their price objective on Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th. Jefferies Financial Group lifted their price target on shares of Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. UBS Group increased their price objective on shares of Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a research report on Thursday, September 4th. BTIG Research initiated coverage on shares of Macy’s in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Macy’s from $14.50 to $16.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th.

Insider Transactions at Macy’s

In related news, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the completion of the sale, the executive vice president owned 286,161 shares in the company, valued at $4,950,585.30. The trade was a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the transaction, the senior vice president directly owned 23,379 shares of the company’s stock, valued at $403,521.54. This trade represents a 35.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 212,843 shares of company stock worth $3,726,670. Company insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of M. Dimensional Fund Advisors LP boosted its stake in Macy’s by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 15,964,002 shares of the company’s stock valued at $200,510,000 after acquiring an additional 212,791 shares in the last quarter. RWC Asset Management LLP lifted its holdings in shares of Macy’s by 2.4% in the 3rd quarter. RWC Asset Management LLP now owns 10,902,310 shares of the company’s stock valued at $195,478,000 after purchasing an additional 255,473 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Macy’s by 6.6% in the 3rd quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock valued at $193,004,000 after purchasing an additional 669,729 shares during the period. Schroder Investment Management Group grew its stake in Macy’s by 1.1% during the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after buying an additional 110,548 shares during the last quarter. Finally, State Street Corp grew its stake in Macy’s by 0.5% during the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after buying an additional 45,997 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Stock Performance

Shares of M stock opened at $20.12 on Monday. The firm has a 50 day moving average of $18.61 and a two-hundred day moving average of $14.77. The stock has a market capitalization of $5.40 billion, a PE ratio of 11.50 and a beta of 1.83. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. Macy’s has a 52 week low of $9.76 and a 52 week high of $21.25.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, research analysts predict that Macy’s will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be given a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. Macy’s’s dividend payout ratio is currently 41.71%.

Macy’s Company Profile

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.