Macy’s (NYSE:M) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Macy’s (NYSE:M) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on Macy’s from $9.00 to $10.00 and gave the stock a “sell” rating in a research note on Wednesday, August 26th. Evercore set a $22.00 price target on Macy’s in a research report on Thursday, June 4th. Telsey Advisory Group lifted their price objective on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Morgan Stanley reissued an “overweight” rating and set a $30.00 price objective on shares of Macy’s in a research report on Monday, July 6th. Finally, TD Cowen boosted their price objective on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Macy’s currently has an average rating of “Hold” and an average price target of $22.78.

Macy’s Stock Performance

Shares of M stock opened at $22.03 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.49. Macy’s has a 52 week low of $16.41 and a 52 week high of $26.58. The stock has a market capitalization of $5.79 billion, a PE ratio of 8.07 and a beta of 1.41. The firm has a 50 day moving average of $23.47 and a two-hundred day moving average of $21.43.

Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.37 by $0.26. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. On average, research analysts predict that Macy’s will post 2.28 EPS for the current fiscal year.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.1915 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.5%. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Insider Transactions at Macy’s

In other Macy’s news, EVP Thomas Edwards, Jr. sold 16,419 shares of Macy’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the sale, the executive vice president directly owned 20,000 shares of the company’s stock, valued at $497,800. The trade was a 45.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the transaction, the senior vice president owned 25,373 shares in the company, valued at approximately $650,309.99. The trade was a 28.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.05% of the stock is owned by insiders.

Hedge Funds Weigh In On Macy’s

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in Macy’s by 11.2% during the second quarter. Versant Capital Management Inc now owns 4,783 shares of the company’s stock worth $113,000 after buying an additional 483 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after acquiring an additional 486 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after acquiring an additional 526 shares during the period. Allworth Financial LP raised its stake in shares of Macy’s by 37.0% in the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after acquiring an additional 613 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Macy’s by 7.4% during the 2nd quarter. GAMMA Investing LLC now owns 9,665 shares of the company’s stock valued at $228,000 after acquiring an additional 664 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s News Roundup

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

• Positive Sentiment: Macy’s exceeded analysts’ expectations for second-quarter earnings and revenue. Reported adjusted EPS was approximately $0.40 versus the $0.37 consensus, while revenue rose 1.1% year over year to roughly $4.9 billion. The company also reported growth across its major nameplates. Macy’s Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The retailer raised its fiscal 2026 outlook, projecting EPS of $2.15-$2.35 versus a $2.11 consensus and revenue of approximately $21.7-$21.8 billion, above the $21.1 billion consensus. Its sales outlook was supported by higher comparable sales expectations and continued demand from middle- and higher-income customers. Macy’s Posts Strong Results and Raises Guidance
• Positive Sentiment: Management said premium merchandise and tariff refunds helped results. The improving sales trend and a roughly 3.5% dividend yield may appeal to income-focused investors if the turnaround continues and cash generation remains solid. Premium Goods Drive Sales Growth
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, indicating that the earnings improvement and valuation are balanced by execution risks in the ongoing turnaround. BTIG Research Rating
• Negative Sentiment: Despite the beat and guidance increase, investors initially focused on Macy’s projected third-quarter adjusted loss of $0.19-$0.23 per share, which is wider than the $0.12 consensus loss. Softer near-term comparable-sales expectations and broader market weakness also pressured sentiment. Macy’s Stock and Fiscal 2026 Outlook

About Macy’s

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.