Macy's, Inc. (M) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Macy's, Inc. Do?
Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York. Macy's, Inc. (M) is classified as a mid-cap stock in the Consumer Discretionary sector, specifically within the Retail industry. The company is led by CEO Jeffrey Gennette and employs approximately 88,900 people, headquartered in CINCINNATI, New York. With a market capitalization of $4.8B, M is one of the notable companies in the Consumer Discretionary sector.
Macy's, Inc. (M) Stock Rating — Hold (April 2026)
As of April 2026, Macy's, Inc. receives a Hold rating with a composite score of 49.9/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.M ranks #1,808 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, Macy's, Inc. ranks #162 of 442 stocks, placing it in the upper half of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
M Stock Price and 52-Week Range
Macy's, Inc. (M) currently trades at $18.93. The stock lost $0.21 (1.1%) in the most recent trading session. The 52-week high for M is $24.41, which means the stock is currently trading -22.4% from its annual peak. The 52-week low is $9.76, putting the stock 94.0% above its annual trough. Recent trading volume was 3.3M shares, reflecting moderate market activity.
Is M Overvalued or Undervalued? — Valuation Analysis
Macy's, Inc. (M) carries a value factor score of 79/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 25.00x, compared to the Consumer Discretionary sector average of 24.47x — a premium of 2%. The price-to-book ratio stands at 0.98x, versus the sector average of 1.99x. The price-to-sales ratio is 0.24x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, M trades at 7.63x EV/EBITDA, versus 4.91x for the sector.
Based on these multiples, Macy's, Inc. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
Macy's, Inc. Profitability — ROE, Margins, and Quality Score
Macy's, Inc. (M) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 3.9%, compared to the Consumer Discretionary sector average of 6.2%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.2% versus the sector average of 2.5%.
On a margin basis, Macy's, Inc. reports gross margins of 41.7%, compared to 36.9% for the sector. The operating margin is 2.1% (sector: 3.8%). Net profit margin stands at 1.0%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at -1.9% on a trailing basis, compared to 3.3% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
M Debt, Balance Sheet, and Financial Health
Macy's, Inc. has a debt-to-equity ratio of 234.0%, compared to the Consumer Discretionary sector average of 89.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.49x, suggesting adequate working capital coverage. Total debt on the balance sheet is $2.63B. Cash and equivalents stand at $447M.
M has a beta of 1.46, meaning it is more volatile than the broader market — a $10,000 investment in M would be expected to move 46.1% more than the S&P 500 on any given day. The stability factor score for Macy's, Inc. is 49/100, reflecting average volatility within the normal range for its sector.
Macy's, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Macy's, Inc. reported revenue of $19.49B and earnings per share (EPS) of $2.37. Net income for the quarter was $191M. Gross margin was 41.7%. Operating income came in at $401M.
In FY 2026, Macy's, Inc. reported revenue of $22.62B and earnings per share (EPS) of $2.37. Net income for the quarter was $642M. Gross margin was 40.3%. Revenue grew -1.7% year-over-year compared to FY 2025. Operating income came in at $1.03B.
In Q2 2026, Macy's, Inc. reported revenue of $5.00B and earnings per share (EPS) of $0.32. Net income for the quarter was $87M. Gross margin was 42.0%. Revenue grew -1.9% year-over-year compared to Q2 2025. Operating income came in at $149M.
In Q1 2025, Macy's, Inc. reported revenue of $4.79B and earnings per share (EPS) of $0.14. Net income for the quarter was $38M. Gross margin was 41.7%. Operating income came in at $94M.
Over the past 8 quarters, Macy's, Inc. has demonstrated a growth trajectory, with revenue expanding from $5.10B to $19.49B. Investors analyzing M stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
M Dividend Yield and Income Analysis
Macy's, Inc. (M) currently pays a dividend yield of 3.7%. At this yield, a $10,000 investment in M stock would generate approximately $$370.00 in annual dividend income.
M Momentum and Technical Analysis Profile
Macy's, Inc. (M) has a momentum factor score of 50/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 34/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 23/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
M vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison
Within the Consumer Discretionary sector, Macy's, Inc. (M) ranks #162 out of 442 stocks based on the Blank Capital composite score. This places M in the upper half of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.
Comparing M against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full M vs S&P 500 (SPY) comparison to assess how Macy's, Inc. stacks up against the broader market across all factor dimensions.
M Next Earnings Date
No upcoming earnings date has been announced for Macy's, Inc. (M) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy M? — Investment Thesis Summary
Macy's, Inc. presents a balanced picture with arguments on both sides. The value score of 79/100 suggests attractive pricing relative to fundamentals.
In summary, Macy's, Inc. (M) earns a Hold rating with a composite score of 49.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on M stock.
Related Resources for M Investors
Explore more research and tools: M vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare M head-to-head with peers: M vs MCRI, M vs CASY, M vs IMKTA.