Key Highlights

  • Macy's (NYSE:M) traded at USD 22.76 on October 13, 2026, down 0.98% on 6.031 million shares (1.0 times the 3-month average), valued at USD 5.952 billion, with a P/E of 8.19 and a PEG of 0.47.
  • No company release dated October 13, 2026 was found for the 0.98% slip on ordinary volume, which followed a 1.41% gain to USD 22.99 on October 12.
  • On September 10, 2026 the retailer beat estimates on revenue, comparable sales and earnings and raised its full-year outlook, yet the shares fell on third quarter guidance, which is the pattern that still weighs on the stock.
  • A P/E of 8.19 and a PEG of 0.47 sit inside the filter limits, with the next report estimated for December 2, 2026 and a published dividend yield near 3.4%.

Catalyst and Latest Updates

Macy's (NYSE:M) fell USD 0.23 to USD 22.76 on 6.031 million shares, about 1.0 times its 3-month average of 5.75 million. No company release dated October 13, 2026 was found, so the catalyst is not identified. The most recent company news is the second quarter report on September 10, which the company called strong, with growth across all nameplates and Bloomingdale's driving gains. It raised full-year targets again, and published reports noted strong jewelry sales, yet shares dropped because third quarter guidance disappointed. On August 27 the board declared its quarterly dividend, and on September 8 it unveiled its fall fashion campaign. The company's own release remains the best place to check the guidance details.

What the Valuation Figures Mean

Macy's operates department stores and online brands including Macy's, Bloomingdale's and Bluemercury. Trailing revenue is about USD 22.8 billion, up 0.4%, but trailing net income of about USD 750 million is up 52%, per published data, so the earnings growth filter passes through margin improvement, not sales growth. A P/E of 8.19 means about USD 8.19 is paid for each USD 1 of past-year earnings, among the lowest multiples for a large retailer, which reflects doubts about long-term sales. The PEG of 0.47 is below 1, conventionally read as low relative to growth, but the growth rate comes from margin recovery that may not continue. The dividend is USD 0.77 a share. Department stores also carry large lease and property obligations.

Risks and What to Watch

Flat sales, consumer spending and the holiday season are the main risks, and department stores depend on a few heavy promotion periods. At USD 22.76 the shares are about 14% below the 52-week high of USD 26.59, simple arithmetic on a published figure. The published consensus is Hold from 13 analysts with a target near USD 23.18, which is barely above the price and is not our forecast. Investors should watch holiday trading, inventory levels and the fiscal third quarter report, estimated for December 2, 2026, which will test whether the raised outlook is delivered. Tariffs and markdowns could also squeeze margins during the holiday season.

Where Things Stand

The answer is that no catalyst was found for the 0.98% slip, and the stock still reflects a beat-and-raise report that disappointed on guidance. Macy's (NYSE:M) trades on a P/E of 8.19 and a PEG of 0.47, but flat sales limit what those figures say. The holiday quarter is the next test. Published ratings are mixed, and the consensus target sits close to the current price, so analysts see little upside priced in.