Macy's, Inc. (M) — Q3 2025 Results
Macy's reported largely stable top-line performance for the quarter while profitability and operating cash flow weakened. The company recorded quarterly revenue of $4.9 billion, up 0.2% year‑over‑year, with gross profit of $2.1 billion, up 0.9% versus last year.
Profitability compressed sharply in the quarter. Operating profit fell to $42 million, a decline of 34.4% year‑over‑year, while net income attributable to common shareholders dropped to $11 million, down 60.7% from a year earlier. Reported diluted earnings per share was $0.31, an increase of 210.0% year‑over‑year.
Cash flow and the balance sheet showed mixed signals. Operating cash flow swung dramatically, falling to -$8 million (down 95.2% YoY), while capital spending was -$93 million (down 27.3% YoY). Liquidity improved year over year with cash and cash equivalents of $447 million, up 41.9%, and total liabilities declined modestly to $12.7 billion (‑3.1% YoY).
In summary, Macy's (M) posted stable sales for Q3 2025 but saw meaningful declines in operating profit and net income, a sharp drop in operating cash generation, and a stronger cash position on the balance sheet.
Macy's Inc Insider Trading Activity
Macy's Inc insiders have traded $M stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $M stock by insiders over the last 6 months:
- DANIELLE L. KIRGAN (EVP, Chief HR Officer) has made 0 purchases and 3 sales selling 250,000 shares for an estimated $4,379,530.
- PAUL GRISCOM (SVP and Controller) sold 12,843 shares for an estimated $221,671
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Macy's Inc Hedge Fund Activity
We have seen 220 institutional investors add shares of Macy's Inc stock to their portfolio, and 235 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- COOPER CREEK PARTNERS MANAGEMENT LLC removed 6,654,574 shares (-90.0%) from their portfolio in Q3 2025, for an estimated $119,316,511
- FMR LLC removed 4,544,363 shares (-32.3%) from their portfolio in Q3 2025, for an estimated $81,480,428
- VANGUARD GROUP INC removed 4,380,026 shares (-14.2%) from their portfolio in Q3 2025, for an estimated $78,533,866
- CITADEL ADVISORS LLC added 2,564,367 shares (+302.8%) to their portfolio in Q3 2025, for an estimated $45,979,100
- HENNESSY ADVISORS INC added 2,474,200 shares (+inf%) to their portfolio in Q3 2025, for an estimated $44,362,406
- SQUAREPOINT OPS LLC added 1,912,265 shares (+inf%) to their portfolio in Q3 2025, for an estimated $34,286,911
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,697,412 shares (+39.9%) to their portfolio in Q3 2025, for an estimated $30,434,597
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Macy's Inc Analyst Ratings
Wall Street analysts have issued reports on $M in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Sell" rating on 12/01/2025
To track analyst ratings and price targets for Macy's Inc, check out Quiver Quantitative's $M forecast page.
Macy's Inc Price Targets
Multiple analysts have issued price targets for $M recently. We have seen 8 analysts offer price targets for $M in the last 6 months, with a median target of $16.25.
Here are some recent targets:
- Jay Sole from UBS set a target price of $7.0 on 12/01/2025
- Dana Telsey from Telsey Advisory Group set a target price of $22.0 on 11/28/2025
- Paul Lejuez from Citigroup set a target price of $19.0 on 11/19/2025
- Brooke Roach from Goldman Sachs set a target price of $16.5 on 10/06/2025
- Alex Straton from Morgan Stanley set a target price of $16.0 on 09/18/2025
- Ashley Helgans from Jefferies set a target price of $18.5 on 09/04/2025
- Paul Kearney from Barclays set a target price of $15.0 on 09/04/2025
