5 Best Mid-Cap Stocks To Buy Now

In this article, we will look at the 5 best mid-cap stocks to buy now. If you want to explore similar stocks, you can read 14 Best Mid-Cap Stocks To Buy Now.

5. Macy’s, Inc. (NYSE:M)

Market Cap as of October 14: $4.73 Billion

Number of Hedge Fund Holders: 39

Macy’s, Inc. (NYSE:M) is a leading multinational operator of high-end department stores. The stock has pulled back significantly in 2022 and is starting to look cheap. As of October 14, Macy’s, Inc. (NYSE:M) is trading at 3x earnings and is offering a forward dividend yield of 3.50%. The company has free cash flows of over $1 billion and has a trailing twelve-month operating margin of 8.97%. Macy’s, Inc. (NYSE:M) is ranked high among the best mid-cap stocks to buy now.

Wall Street is bullish on Macy’s, Inc. (NYSE:M). This August, Evercore ISI analyst Omar Saad revised his price target on Macy’s, Inc. (NYSE:M) to $30 from $35 and reiterated an Outperform rating on the shares. On September 15, Jefferies analyst Ashley Helgans revised her price target on Macy’s, Inc. (NYSE:M) to $23 from $30 and maintained a Buy rating on the shares.

At the end of Q2 2022, 39 hedge funds were long Macy’s, Inc. (NYSE:M) and held stakes worth $966.68 million in the company. As of June 30, Renaissance Technologies is the top shareholder in Macy’s, Inc. (NYSE:M) and has stakes worth $225.7 million in the company.