Macy’s, Inc. (NYSE:M) Given Average Recommendation of “Hold” by Analysts

Macy’s, Inc. (NYSE:M) has been assigned an average rating of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.50.

M has been the topic of several recent research reports. BTIG Research began coverage on shares of Macy’s in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock. Jefferies Financial Group increased their price target on shares of Macy’s from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Guggenheim initiated coverage on Macy’s in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, UBS Group set a $21.00 target price on Macy’s in a research report on Thursday, December 4th.

Macy’s Trading Down 5.5%

Shares of M stock opened at $21.91 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56. Macy’s has a 12-month low of $9.76 and a 12-month high of $24.41. The stock has a market capitalization of $5.82 billion, a P/E ratio of 12.96 and a beta of 1.43. The firm’s 50 day moving average is $21.93 and its 200 day moving average is $17.55.

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

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were given a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, December 15th. Macy’s’s payout ratio is presently 43.20%.

Insider Activity

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president directly owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. This represents a 62.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in M. Hennessy Advisors Inc. bought a new stake in Macy’s in the 3rd quarter valued at $44,362,000. Prudential Financial Inc. increased its holdings in shares of Macy’s by 4.6% in the second quarter. Prudential Financial Inc. now owns 389,238 shares of the company’s stock worth $4,539,000 after purchasing an additional 17,209 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Macy’s in the second quarter worth about $2,276,000. Texas Permanent School Fund Corp boosted its stake in Macy’s by 25.9% during the second quarter. Texas Permanent School Fund Corp now owns 304,192 shares of the company’s stock valued at $3,547,000 after buying an additional 62,596 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in Macy’s during the 3rd quarter valued at approximately $3,333,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

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.