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

Macy’s, Inc. (NYSE:M) has earned a consensus recommendation of “Reduce” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.50.

Several equities analysts have recently commented on M shares. Zacks Research downgraded shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Evercore lifted their price objective on Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a research report on Friday, December 5th. Citigroup raised their price target on Macy’s from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Wall Street Zen raised shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a research report on Monday, December 29th.

Insiders Place Their Bets

In other Macy’s news, EVP Danielle L. Kirgan sold 85,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 51,161 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.09% of the company’s stock.

Institutional Trading of Macy’s

A number of hedge funds have recently made changes to their positions in M. Strengthening Families & Communities LLC bought a new position in Macy’s during the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Macy’s in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Macy’s during the third quarter valued at $31,000. Bessemer Group Inc. raised its position in shares of Macy’s by 41.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position 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 worth $41,000 after purchasing an additional 1,162 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

Macy’s Stock Performance

Macy’s stock opened at $22.72 on Friday. The firm has a fifty day simple moving average of $22.16 and a two-hundred day simple moving average of $18.64. The company has a quick ratio of 0.18, a current ratio of 1.25 and a debt-to-equity ratio of 0.56. Macy’s has a twelve month low of $9.76 and a twelve month high of $24.41. The company has a market capitalization of $6.04 billion, a PE ratio of 13.44 and a beta of 1.50.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 EPS for the quarter, topping 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 the consensus estimate of $4.52 billion. During the same quarter in the previous year, the business earned $0.04 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Research analysts expect that Macy’s will post 2.39 EPS for the current year.

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.