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M · NYSE · STOCK

Macy's (M) Stock Analysis

Consumer Cyclical Updated September 05, 2026
$23.05
52W $16.41 – $26.59
55/100
$5.91B
9.1
1.45
AI Committee Verdict
Watch
55/100
Conviction: Contested · 50% agreement · 6 analysts
+2.3%
-0.4%
6.16:1
Contested

Is M Bullish or Bearish?

Mixed. Innellis AI committee rates Macy's (M) Watch with a composite score of 55/100 , based on 6 analysts with 50% agreement. Last updated September 05, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +5.14 from today. Applies on the first day at or above the line; upgrades are never dampened.
Downgrade to Reduce
Requires the score to fall below 40.0 — -14.86 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.

Executive Summary

The committee is genuinely divided. Value Analyst sees a compelling case — p/e of 8.8 is inexpensive for the broad market. Risk Analyst remains cautious — bollinger bandwidth of 16.6% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.

Bull & Bear Case

Bull Case
  • P/E of 8.8 is inexpensive for the broad market — Value
  • Price-to-book of 1.2x is a discount to asset value — Value
  • Dividend yield of 4.4% pays you to wait — Value
  • 4 consecutive earnings beats -- consistent execution — Growth
Bear Case
  • Revenue declining -0.3% YoY -- this is not a growth story right now — Growth
  • Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
  • MACD histogram negative -- bearish momentum — Technical
  • Bollinger bandwidth of 16.6% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or forward-looking judgement. They summarise what the numbers say today.
Price History (6M)

AI Investment Committee

Committee Consensus As of September 05, 2026
Overall Committee Score
55/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 57%
of 178 Consumer Cyclical peers
Value Analyst bullish
80 / 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 8.8 is inexpensive for the broad market
Growth Analyst neutral
43 / 100 · High confidence
Moderate growth -- present but not remarkable
+ 4 consecutive earnings beats -- consistent execution
− Revenue declining -0.3% YoY -- this is not a growth story right now
Technical Analyst neutral
48 / 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst bearish
35 / 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 16.6% signals elevated volatility
Macro Analyst bullish
65 / 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst neutral
58 / 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager neutral
45 / 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3059.07)
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Investment Thesis Evolution

Committee score moved marginally from 54.9 to 54.9.

Comparing 2026-09-04 to 2026-09-05 (1 day apart).

Technical Analysis

RSI (14)
43.4
Neutral
MACD Histogram
-0.091
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$22.39
Resistance
$23.00
Bollinger %B
0.33
Inside Bands
Price vs Moving Averages
EMA 9
$22.48 Above
EMA 21
$23.02 Above
EMA 50
$23.22 Below
EMA 200
$21.20 Above

Fundamental Analysis

Valuation
100
Growth
69
Profitability
40
Financial Health
64
Cash Flow
70
Valuation
P/E Ratio 9.1×
P/B Ratio 1.23×
PEG Ratio 0.40
Dividend Yield 3.33%
52W High $26.59
52W Low $16.41
Quality & Growth
ROE 1321.0%
ROA 395.4%
Gross Margin 3653.6%
Operating Margin 447.2%
Revenue Growth YoY
Debt / Equity 1.06
AI Fundamental Assessment
P/E ratio of 9.1 (inexpensive relative to a 15-40x range); Price-to-book of 1.2x; PEG ratio of 0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 13.2%; Return on assets of 4.0%; Net margin of 2.9%; Gross margin of 36.5%; Current ratio of 1.48 (tight short-term liquidity); Debt-to-equity of 1.06; Free cash flow per share is positive (5.68); Most recent quarter beat estimates by 392.4%; 4 consecutive earnings beats; EPS growth decelerating (+1755.6% -> -92.2% QoQ); Analyst estimates rising over recent quarters
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