Macy’s’ (M) Neutral Rating Reiterated at BTIG Research

11 Sep 2026, 09:24 by Amy Steele · The Cerbat Gem

Macy’s (NYSE:M – Get Free Report)‘s stock had its “neutral” rating reaffirmed by stock analysts at BTIG Research in a research note issued on Friday, Benzinga reports.

A number of other research firms also recently commented on M. Weiss Ratings upgraded Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Citigroup boosted their price objective on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Telsey Advisory Group upped their price objective on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. TD Cowen raised their target price on shares of Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, June 22nd. Finally, Wall Street Zen downgraded shares of Macy’s from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.78.

Check Out Our Latest Research Report on M

Macy’s Trading Down 4.7%

NYSE M opened at $20.50 on Friday. The firm’s 50 day moving average price is $23.49 and its two-hundred day moving average price is $21.42. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 8.47 and a beta of 1.41. Macy’s has a twelve month low of $16.41 and a twelve month high of $26.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48.

Macy’s (NYSE:M – Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.26. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. 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 analysts anticipate that Macy’s will post 2.22 EPS for the current year.

Insider Activity

In other news, SVP Paul Griscom sold 10,077 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $650,309.99. This represents a 28.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas Edwards, Jr. sold 16,419 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $497,800. The trade was a 45.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.05% of the company’s stock.

Institutional Trading of Macy’s

Several institutional investors have recently bought and sold shares of M. Smartleaf Asset Management LLC lifted its holdings in Macy’s by 51.7% during the 4th 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 last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Macy’s by 35.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Macy’s by 37.0% during the second quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after buying an additional 613 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Macy’s by 263.3% in the fourth quarter. IFP Advisors Inc now owns 2,427 shares of the company’s stock valued at $54,000 after acquiring an additional 1,759 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Macy’s in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Key Stories Impacting Macy’s

Here are the key news stories impacting Macy’s this week:

Positive Sentiment: Macy’s reported second-quarter earnings and revenue above analyst expectations. Earnings were approximately $0.40 per share versus a $0.37 consensus estimate, while revenue reached roughly $4.9 billion, up 1.1% year over year. Macy’s Q2 Earnings and Revenues Beat Estimates
Positive Sentiment: The company raised its fiscal 2026 outlook, including earnings of $2.15 to $2.35 per share and revenue of approximately $21.7 billion to $21.8 billion, above current analyst estimates. Comparable sales guidance was also increased. Macy’s Posts Strong Results and Raises Guidance
Positive Sentiment: Management said premium merchandise and stronger spending from middle- and high-income customers helped drive growth across Macy’s nameplates. Investors also view the roughly 3.5% dividend yield as increasingly supported by the improving turnaround and earnings outlook. Macy’s Raises Outlook as Premium Goods Drive Sales Growth
Neutral Sentiment: Tariff refunds contributed to the profit outlook and quarterly performance, creating a potential benefit but also raising questions about how much of the earnings improvement is recurring. Macy’s Raises Annual Profit Forecast on Tariff Refunds
Negative Sentiment: Third-quarter EPS guidance of negative $0.23 to negative $0.19 was weaker than the consensus estimate of negative $0.12, while revenue guidance was broadly in line. The weaker near-term outlook likely outweighed the full-year guidance increase and contributed to the post-earnings decline. Why a Beat and Raise Isn’t Driving Macy’s Stock Higher

Macy’s Company Profile

(Get Free Report)

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.