Macy’s, Inc. (M) holds a mixed analyst outlook as Wall Street reassesses its retail trajectory, with a median price target of $28.50 and 14 analysts rating the stock as 'Hold' or 'Sell'. The company’s recent performance reflects ongoing challenges in the consumer discretionary space.
- Median price target for Macy’s (M) is $28.50, a 5.6% decline from the previous quarter
- 14 out of 18 analysts rate M as 'Hold' or 'Sell', indicating limited bullish momentum
- Macy’s shares trade at a forward P/E of 9.8, below the S&P 500 average of 16.3
- Same-store sales declined 1.2% year-over-year in the latest quarter, excluding e-commerce
- The company has repurchased $1.2 billion in shares since 2023, signaling confidence in long-term value
- Retail sector sentiment remains fragile, with consumer spending shifts impacting department store margins
Macy’s, Inc. (M) continues to draw cautious attention from Wall Street analysts, who have recently adjusted their outlook amid persisting headwinds in the retail sector. The consensus among equity analysts reflects a median price target of $28.50, down from $30.25 in the prior quarter, signaling a modest loss of confidence in near-term upside potential. Of the 18 analysts covering the stock, 14 have assigned a 'Hold' or 'Sell' rating, while only four maintain a 'Buy' recommendation.