Macy’s (NYSE:M) Price Target Lowered to $21.00 at JPMorgan Chase & Co.

Macy’s (NYSE:M) had its target price reduced by JPMorgan Chase & Co. from $24.00 to $21.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also issued reports on M. Morgan Stanley increased their target price on Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Macy’s in a research note on Wednesday. Citigroup reiterated a “neutral” rating on shares of Macy’s in a report on Wednesday, February 18th. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 price objective on shares of Macy’s in a research report on Wednesday. Finally, Zacks Research cut shares of Macy’s from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $20.00.

Macy’s Price Performance

Shares of NYSE M opened at $17.73 on Wednesday. Macy’s has a 1 year low of $9.76 and a 1 year high of $24.41. The stock has a market capitalization of $4.71 billion, a P/E ratio of 10.49 and a beta of 1.51. The company’s 50-day moving average is $20.47 and its 200 day moving average is $20.03. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 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 EPS for the quarter, topping the consensus estimate of $1.55 by $0.12. The business had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.48 billion. Macy’s had a net margin of 2.10% and a return on equity of 15.57%. Macy’s’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.80 earnings per share. On average, sell-side analysts expect that Macy’s will post 2.39 earnings per share for the current year.

Macy’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, March 13th. This is an increase from Macy’s’s previous quarterly dividend of $0.18. Macy’s’s dividend payout ratio (DPR) is presently 45.56%.

Institutional Trading of Macy’s

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Macy’s by 38.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company’s stock worth $2,047,000 after purchasing an additional 45,149 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Macy’s by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock valued at $14,019,000 after purchasing an additional 55,821 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Macy’s by 33.1% during the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock valued at $731,000 after buying an additional 14,489 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Macy’s by 3.6% during the second quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company’s stock valued at $307,000 after buying an additional 907 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in Macy’s by 5.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 105,312 shares of the company’s stock worth $1,228,000 after buying an additional 5,781 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

More Macy’s News

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

• Positive Sentiment: Macy’s reported Q4 beat on both EPS and revenue, driven by positive comparable‑store sales across its nameplates and strong Bloomingdale’s results — a key catalyst for intraday buying. MarketBeat: Q4 Results & Call
• Positive Sentiment: Management credited a structural shift — greater use of loyalty data, AI and refreshed store formats — for returning the company to comparable‑sales growth, supporting a more constructive narrative on execution. PYMNTS: AI, Stores & Loyalty
• Neutral Sentiment: Investor interest ramped up ahead of the print — unusually large call‑option volume was recorded, signaling speculative/leveraged positioning that can amplify moves in either direction. (Options volume data)
• Neutral Sentiment: Analysts are split: Telsey reaffirmed market‑perform with a $25 target, while JPMorgan trimmed its target from $24 to $21 and moved to neutral — both signal cautious optimism but reduce conviction among some investors. Benzinga: Analyst Note
• Negative Sentiment: Management issued mixed/soft guidance for the coming year, forecasting weaker annual sales and profit amid tight consumer spending — this tempers the upside from the quarter and explains some profit‑taking pressure. Reuters: Weak Annual Sales Forecast
• Negative Sentiment: Hotter‑than‑expected producer inflation readings (PPI) add a macro risk: stickier input prices or broader inflation could pressure margins or further curb consumer spending. Zacks: PPI Comes in Hot

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.