Macy’s (NYSE:M) Earns Buy Rating from Analysts at Jefferies Financial Group

17 Jan 2026, 07:22 by Sarita Garza · The Markets Daily

Jefferies Financial Group assumed coverage on shares of Macy’s (NYSE:M – Free Report) in a research report released on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $27.00 price target on the stock.

A number of other research firms have also recently commented on M. The Goldman Sachs Group boosted their price target on Macy’s from $16.50 to $22.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Morgan Stanley raised their target price on shares of Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, December 5th. Wall Street Zen upgraded shares of Macy’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Guggenheim assumed coverage on shares of Macy’s in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Finally, Cowen restated a “hold” rating on shares of Macy’s in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.50.

View Our Latest Stock Report on Macy’s

Macy’s Price Performance

Shares of NYSE:M opened at $21.74 on Wednesday. The company has a market capitalization of $5.78 billion, a P/E ratio of 12.86 and a beta of 1.43. Macy’s has a 1-year low of $9.76 and a 1-year high of $24.41. The firm’s 50 day simple moving average is $22.04 and its two-hundred day simple moving average is $17.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18.

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

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were given a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, December 15th. Macy’s’s dividend payout ratio (DPR) is 43.20%.

Insider Activity

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 transaction, the executive vice president directly owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. This represents a 62.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Macy’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. purchased a new stake in shares of Macy’s in the 3rd quarter valued at $44,362,000. Prudential Financial Inc. boosted its holdings in Macy’s by 4.6% during the 2nd quarter. Prudential Financial Inc. now owns 389,238 shares of the company’s stock valued at $4,539,000 after acquiring an additional 17,209 shares during the period. Texas Permanent School Fund Corp grew its position in Macy’s by 25.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 304,192 shares of the company’s stock valued at $3,547,000 after acquiring an additional 62,596 shares in the last quarter. Caxton Associates LLP purchased a new stake in Macy’s during the second quarter worth about $2,276,000. Finally, Oak Thistle LLC purchased a new stake in Macy’s during the third quarter worth about $3,333,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Company Profile

(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.