Macy’s (M) – Investment Analysts’ Recent Ratings Updates

Macy’s (NYSE: M) has recently received a number of price target changes and ratings updates:

• 12/16/2024 – Macy’s was upgraded by analysts at Gordon Haskett from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock.
• 12/13/2024 – Macy’s was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/12/2024 – Macy’s had its price target lowered by analysts at UBS Group AG from $10.00 to $9.00. They now have a “sell” rating on the stock.
• 12/12/2024 – Macy’s had its “neutral” rating reaffirmed by analysts at Guggenheim.
• 12/12/2024 – Macy’s had its price target lowered by analysts at Morgan Stanley from $17.00 to $16.00. They now have an “equal weight” rating on the stock.
• 12/11/2024 – Macy’s had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $17.00 price target on the stock.
• 11/27/2024 – Macy’s was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/26/2024 – Macy’s had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $17.00 price target on the stock.
• 11/10/2024 – Macy’s is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/2/2024 – Macy’s is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/25/2024 – Macy’s is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Macy’s Stock Up 1.0 %

NYSE:M traded up $0.17 during trading hours on Tuesday, hitting $16.82. The stock had a trading volume of 2,308,672 shares, compared to its average volume of 6,409,362. The company has a current ratio of 1.26, a quick ratio of 0.34 and a debt-to-equity ratio of 0.67. Macy’s, Inc. has a 1-year low of $14.06 and a 1-year high of $22.10. The business has a 50 day simple moving average of $15.90 and a two-hundred day simple moving average of $16.35. The company has a market cap of $4.67 billion, a PE ratio of 28.51 and a beta of 2.11.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the business earned $0.21 earnings per share. Macy’s’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts predict that Macy’s, Inc. will post 2.38 EPS for the current year.

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.1737 per share. This represents a $0.69 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Friday, December 13th. Macy’s’s payout ratio is currently 116.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of M. United Services Automobile Association increased its stake in Macy’s by 4.8% in the 2nd quarter. United Services Automobile Association now owns 22,038 shares of the company’s stock valued at $423,000 after buying an additional 1,012 shares during the period. Federated Hermes Inc. boosted its position in Macy’s by 2.5% during the second quarter. Federated Hermes Inc. now owns 44,337 shares of the company’s stock worth $851,000 after purchasing an additional 1,095 shares during the period. Affinity Capital Advisors LLC lifted its stake in shares of Macy’s by 11.5% in the third quarter. Affinity Capital Advisors LLC now owns 12,116 shares of the company’s stock worth $190,000 after buying an additional 1,248 shares during the last quarter. KBC Group NV boosted its holdings in shares of Macy’s by 19.9% during the 3rd quarter. KBC Group NV now owns 7,952 shares of the company’s stock worth $125,000 after buying an additional 1,319 shares during the period. Finally, Arizona State Retirement System grew its stake in Macy’s by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 76,784 shares of the company’s stock valued at $1,474,000 after buying an additional 1,462 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.