Macy’s (NYSE:M) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Macy’s (NYSE:M) from a hold rating to a buy rating in a research note issued to investors on Sunday,Wall Street Zen reports.

M has been the subject of a number of other reports. BTIG Research restated a “neutral” rating on shares of Macy’s in a research note on Friday, September 11th. Telsey Advisory Group upped their target price 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 reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Macy’s in a report on Monday, July 6th. Weiss Ratings downgraded shares of Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Finally, TD Cowen restated a “hold” rating on shares of Macy’s in a research report on Monday, September 14th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.78.

Macy’s Stock Up 2.7%

M stock opened at $22.80 on Friday. The firm has a market cap of $5.95 billion, a PE ratio of 8.35 and a beta of 1.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.59 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $23.36 and a 200 day simple moving average of $21.55. Macy’s has a 12 month low of $16.41 and a 12 month high of $26.58.

Macy’s (NYSE:M) last released its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.26. The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. 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. Equities research analysts forecast that Macy’s will post 2.34 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1915 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 annualized dividend and a yield of 3.4%. Macy’s’s payout ratio is currently 28.21%.

Insiders Place Their Bets

In other Macy’s news, SVP Paul Griscom sold 10,077 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was 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 directly owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in 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 purchasing an additional 613 shares during the period. IFP Advisors Inc boosted its holdings in shares of Macy’s by 263.3% in the 4th quarter. IFP Advisors Inc now owns 2,427 shares of the company’s stock worth $54,000 after buying an additional 1,759 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Macy’s by 333.3% in the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock worth $61,000 after buying an additional 2,000 shares during the last quarter. Nykredit A S purchased a new position in shares of Macy’s in the 2nd quarter worth about $69,000. Finally, Rothschild Investment LLC grew its position in Macy’s by 572.2% during the fourth quarter. Rothschild Investment LLC now owns 2,998 shares of the company’s stock valued at $66,000 after buying an additional 2,552 shares during the period. Institutional investors own 87.36% of the company’s stock.

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.