Macy's (NYSE:M) Announces Earnings Results

Macy's (NYSE:M - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.25, Zacks reports. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The firm had revenue of $7.77 billion for the quarter, compared to the consensus estimate of $7.76 billion. Macy's updated its FY 2025 guidance to 2.050-2.250 EPS.

Macy's Stock Up 0.1 %

Shares of Macy's stock traded up $0.02 on Monday, hitting $14.08. The company had a trading volume of 10,055,312 shares, compared to its average volume of 7,206,143. The stock has a 50-day moving average of $14.97 and a 200-day moving average of $15.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. Macy's has a twelve month low of $12.60 and a twelve month high of $22.10. The firm has a market capitalization of $3.91 billion, a P/E ratio of 23.86 and a beta of 2.07.

Macy's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1824 per share. This is an increase from Macy's's previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 5.18%. The ex-dividend date is Friday, March 14th. Macy's's dividend payout ratio (DPR) is 35.44%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on M. Telsey Advisory Group set a $15.00 price target on shares of Macy's in a research report on Friday. Benchmark raised shares of Macy's to a "strong-buy" rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of Macy's from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price target on Macy's from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Morgan Stanley set a $14.00 price objective on Macy's in a research note on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Macy's presently has an average rating of "Hold" and a consensus price target of $15.56.

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About Macy's

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.