Macy’s Inc. (NYSE: M) stock was a must-have item for investors in 2025. Wall Street applauded the retailer’s progress on its turnaround strategy and a string of better-than-expected earnings reports. Recently, however, the stock seems to have gone out of style.
Shares pulled back sharply in 2026 as momentum slowed amid an uncertain macroeconomic and geopolitical backdrop, which has clouded the outlook for consumer spending. Although Macy’s recently delivered another better-than-expected quarter, analysts are taking a more cautious stance on the stock after the company issued conservative guidance.
