Macy's Inc. (NYSE:M) is a prominent American department store chain, competing with other major retailers like Nordstrom and Kohl's. Citigroup recently updated its rating on Macy's to Neutral, with a revised price target, amidst a notable stock price fluctuation and ahead of the company's anticipated earnings report.

• Citigroup adjusted its rating for Macy's to Neutral and raised the price target from $16 to $19.
• Macy's stock experienced a decline of 4.2%, closing at $19.15, despite the broader market's performance.
• The upcoming earnings report on December 3, 2025, is highly anticipated, with an expected EPS of -$0.14 and quarterly revenue of $4.59 billion.

Despite the recent rating adjustment by Citigroup, maintaining a hold action with the stock priced at $19.51, Macy's stock experienced a notable decline, closing at $19.15, a 4.2% drop from the previous day. This decline was more significant than the broader market, with the S&P 500, Dow, and Nasdaq falling by 0.92%, 1.18%, and 0.84%, respectively. However, over the past month, Macy's shares have risen by 12.18%, outperforming the Retail-Wholesale sector's gain of 0.48% and the S&P 500's increase of 1.48%. Investors are closely watching for Macy's upcoming earnings report on December 3, 2025.

The company is expected to report an earnings per share (EPS) of -$0.14, a significant 450% decrease from the same quarter last year. The consensus estimate for quarterly revenue is $4.59 billion, reflecting a 3.25% decline from the previous year. Despite these challenges, the full-year Zacks Consensus Estimates project earnings of $2 per share.

Currently, Macy's stock is priced at $19.51, with a daily increase of 1.88%, or $0.36. The stock has fluctuated between a low of $19 and a high of $19.68 during the trading day. Over the past year, Macy's stock has reached a high of $21.25 and a low of $9.76. The company's market capitalization is approximately $5.24 billion, with a trading volume of 4,723,131 shares.