Macy’s (NYSE:M) Raised to “Strong-Buy” at Wall Street Zen

by · The Cerbat Gem

Macy’s (NYSE:M – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $30.00 price target on shares of Macy’s in a research report on Monday, July 6th. UBS Group reiterated a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Citigroup boosted their price objective on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Zacks Research upgraded shares of Macy’s from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Telsey Advisory Group raised their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Macy’s presently has an average rating of “Hold” and an average target price of $21.70.

View Our Latest Report on M

Macy’s Trading Down 0.2%

Shares of NYSE:M opened at $23.33 on Friday. The company has a market capitalization of $6.14 billion, a PE ratio of 9.64 and a beta of 1.46. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. Macy’s has a 12-month low of $11.77 and a 12-month high of $26.10. The business’s fifty day simple moving average is $23.02 and its 200-day simple moving average is $20.95.

Macy’s (NYSE:M – Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the prior year, the business posted $0.16 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. As a group, equities research analysts predict that Macy’s will post 2.19 earnings per share for the current fiscal year.

Insider Transactions at Macy’s

In other news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the transaction, the executive vice president directly owned 20,000 shares in the company, valued at $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Macy’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 sale, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. This trade represents a 28.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.05% of the company’s stock.

Hedge Funds Weigh In On Macy’s

A number of institutional investors have recently bought and sold shares of the business. Strengthening Families & Communities LLC purchased a new stake in shares of Macy’s in the 4th quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in shares of Macy’s during the fourth quarter worth $29,000. Smartleaf Asset Management LLC lifted its position in Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after purchasing an additional 526 shares during the period. CIBC Private Wealth Group LLC lifted its position in Macy’s by 35.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after purchasing an additional 486 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in Macy’s by 7,265.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after purchasing an additional 2,325 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Company Profile

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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.

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