Macy’s (NYSE:M) Price Target Lowered to $20.00 at TD Cowen

Macy’s (NYSE:M) had its price objective trimmed by TD Cowen from $21.00 to $20.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a hold rating on the stock.

M has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a report on Monday, December 29th. The Goldman Sachs Group boosted their price objective on shares of Macy’s from $16.50 to $22.00 and gave the company a “neutral” rating in a report on Friday, December 5th. UBS Group raised their price target on Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Monday, March 9th. Morgan Stanley raised their price objective on shares of Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, December 5th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $18.90.

Macy’s Stock Up 1.9%

M opened at $18.06 on Thursday. The firm’s fifty day moving average price is $20.36 and its two-hundred day moving average price is $20.02. The company has a market capitalization of $4.80 billion, a P/E ratio of 7.78 and a beta of 1.51. Macy’s has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 0.18.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.12. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.48 billion. During the same period last year, the business earned $1.80 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. On average, analysts anticipate that Macy’s will post 2.39 EPS for the current year.

Macy’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.1915 per share. This is a boost from Macy’s’s previous quarterly dividend of $0.18. This represents a $0.77 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, March 13th. Macy’s’s payout ratio is 45.56%.

Institutional Trading of Macy’s

Large investors have recently modified their holdings of the stock. Strengthening Families & Communities LLC acquired a new position in Macy’s during the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Macy’s during the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC grew its holdings in Macy’s by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after acquiring an additional 526 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Macy’s in the third quarter worth $31,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after buying an additional 486 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s News Roundup

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Q4 beat on revenue and EPS; Macy’s reported $7.92B in revenue and $1.67 adjusted EPS, both topping estimates and driven by positive comps. Macy’s (NYSE:M) Q4 CY2025: Beats On Revenue, Stock Soars
• Positive Sentiment: Management attributes the turnaround to AI, reimagined stores and better use of loyalty data — a structural change that supports sustainable comp recovery. Macy’s Credits AI, Reimagined Stores and Loyalty Data for Return to Growth
• Positive Sentiment: Market reaction: shares jumped after the print as investors rotated back into the name on the surprise sales metric and progress at Bloomingdale’s. Why Are Macy’s (M) Shares Soaring Today
• Neutral Sentiment: Company provided slides and an earnings presentation for the quarter — useful for investors evaluating the durability of the comp rebound and store-refresh plans. Macy’s, Inc. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Several firms pared price targets and kept neutral/hold ratings (TD Cowen to $20 hold; JPMorgan to $21 neutral; Telsey reaffirmed market perform at $20) — these cuts temper upside despite the beat. Macy’s Analysts Slash Their Forecasts After Q4 Results
• Negative Sentiment: Macy’s issued cautious full-year guidance (forecasting weaker annual sales/profit), and Reuters highlights the company’s warning on tight consumer spending and only mid-year tariff relief — a near-term headwind for estimates. Macy’s forecasts weak annual sales, profit; sees tariff relief
• Negative Sentiment: Some analysts cut targets aggressively (Citigroup to $18, roughly in line with the current price) — indicates skepticism about upside absent clearer evidence that comps will sustain. Benzinga: Analyst Coverage

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.