Telsey Advisory Group Reaffirms Market Perform Rating for Macy’s (NYSE:M)

Macy’s (NYSE:M)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They presently have a $20.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 12.24% from the stock’s current price.

M has been the topic of a number of other research reports. Evercore upped their price target on Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. Wall Street Zen lowered Macy’s from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Guggenheim began coverage on Macy’s in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group lifted their price target on Macy’s from $16.50 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $18.90.

Macy’s Stock Down 1.6%

Shares of NYSE M opened at $17.82 on Wednesday. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 7.68 and a beta of 1.51. Macy’s has a 52 week low of $9.76 and a 52 week high of $24.41. The firm has a 50-day moving average price of $19.65 and a 200 day moving average price of $20.14. The company has a quick ratio of 0.50, a current ratio of 1.49 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.12. Macy’s had a net margin of 2.84% and a return on equity of 14.22%. The company had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same period in the prior year, the business posted $1.80 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that Macy’s will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Antony Spring sold 14,606 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $18.08, for a total transaction of $264,076.48. Following the sale, the chief executive officer owned 437,238 shares in the company, valued at approximately $7,905,263.04. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Danielle L. Kirgan sold 6,573 shares of Macy’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $18.08, for a total transaction of $118,839.84. Following the completion of the sale, the executive vice president directly owned 98,299 shares of the company’s stock, valued at $1,777,245.92. The trade was a 6.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 21,669 shares of company stock worth $391,776. 1.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Macy’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in Macy’s by 112.1% during the fourth quarter. Hsbc Holdings PLC now owns 383,947 shares of the company’s stock worth $8,442,000 after buying an additional 202,906 shares during the period. Corient Private Wealth LLC increased its stake in shares of Macy’s by 51.9% during the 4th quarter. Corient Private Wealth LLC now owns 292,216 shares of the company’s stock valued at $6,444,000 after acquiring an additional 99,832 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Macy’s by 1,859.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,337,481 shares of the company’s stock valued at $29,491,000 after acquiring an additional 1,269,211 shares during the last quarter. Kera Capital Partners Inc. purchased a new position in shares of Macy’s during the 4th quarter worth about $271,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Macy’s by 420.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,243 shares of the company’s stock worth $1,461,000 after acquiring an additional 53,512 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Trending Headlines about Macy’s

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

• Positive Sentiment: Luxury business momentum — Bloomingdale’s and Bluemercury drove a strong finish to FY25 and are highlighted as a growth engine heading into FY26, supporting longer‑term top‑line improvement. Macy’s luxury business article
• Positive Sentiment: Recent quarter beat — Macy’s reported a March quarter that topped consensus on both EPS and revenue, demonstrating resiliency and giving analysts reasons to call the stock undervalued post‑earnings. Analyst reactions post-earnings
• Neutral Sentiment: Investor outreach — Macy’s is slated to present at the J.P. Morgan Retail Round Up, which gives management a forum to detail strategy and could provide a short‑term catalyst if guidance or KPIs are expanded. JP Morgan event release
• Neutral Sentiment: Telsey Advisory stance — Telsey reaffirmed a Market Perform rating and set a $20 price target (below prior $25), which implies upside from current levels but reflects tempered near‑term expectations. Telsey note (coverage)
• Negative Sentiment: Analyst estimate cuts and negative ratings — Zacks Research trimmed near‑term and FY27/FY28 EPS estimates and continues to carry a “Strong Sell” stance; downward revisions add selling pressure and raise short‑term earnings risk. Zacks coverage and estimates
• Negative Sentiment: Insider selling — CEO Antony Spring (14,606 shares), EVP Danielle Kirgan (6,573 shares) and a senior VP recently sold stock (SEC filings disclosed). Significant insider selling can be interpreted by the market as a signal of reduced insider conviction and likely contributed to downward pressure. CEO Form 4 EVP Form 4

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.