Macy’s (NYSE:M) Trading Down 7.9% – Here’s Why

23 Feb 2026, 21:13 by Tristan Rich · The Markets Daily

Shares of Macy’s, Inc. (NYSE:M – Get Free Report) were down 7.9% during mid-day trading on Monday . The stock traded as low as $20.75 and last traded at $20.6470. Approximately 1,689,876 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 6,565,672 shares. The stock had previously closed at $22.41.

Wall Street Analyst Weigh In

M has been the topic of several analyst reports. UBS Group set a $21.00 price target on Macy’s in a research report on Thursday, December 4th. Wall Street Zen raised shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Telsey Advisory Group boosted their price target on Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. Jefferies Financial Group began coverage on Macy’s in a research report on Wednesday, January 14th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Citigroup reiterated a “neutral” rating on shares of Macy’s in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $20.50.

Read Our Latest Stock Analysis on M

Macy’s Stock Down 5.2%

The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 12.57 and a beta of 1.50. The company has a quick ratio of 0.18, a current ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $21.95 and a 200 day moving average price of $19.37.

Macy’s (NYSE:M – Get Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.22. Macy’s had a net margin of 2.10% and a return on equity of 15.57%. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the business earned $0.04 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. As a group, analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $23.92, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president directly owned 51,161 shares in the company, valued at $1,223,771.12. This represents a 62.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Macy’s

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Macy’s by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,145,972 shares of the company’s stock worth $356,020,000 after acquiring an additional 494,280 shares during the last quarter. RWC Asset Management LLP raised its holdings in Macy’s by 0.6% during the 4th quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock worth $241,782,000 after purchasing an additional 62,839 shares during the last quarter. American Century Companies Inc. raised its holdings in Macy’s by 6.6% during the 3rd quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock worth $193,004,000 after purchasing an additional 669,729 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Macy’s by 1.1% in the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after purchasing an additional 110,548 shares during the period. Finally, State Street Corp boosted its stake in shares of Macy’s by 0.5% in the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after purchasing an additional 45,997 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

About Macy’s

(Get Free Report)

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.