Telsey Advisory Group Boosts Earnings Estimates for Macy's

Macy's, Inc. (NYSE:M - Free Report) - Equities research analysts at Telsey Advisory Group increased their Q4 2026 earnings estimates for Macy's in a research report issued to clients and investors on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $1.72 per share for the quarter, up from their previous forecast of $1.71. Telsey Advisory Group has a "Market Perform" rating and a $17.00 price target on the stock. The consensus estimate for Macy's' current full-year earnings is $2.39 per share.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). Macy's had a return on equity of 21.99% and a net margin of 0.73%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the firm earned $0.21 EPS. The business's revenue for the quarter was down 2.4% on a year-over-year basis.

A number of other equities research analysts have also issued reports on M. UBS Group cut their target price on Macy's from $10.00 to $9.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of Macy's from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Macy's from a "hold" rating to a "buy" rating in a report on Tuesday. Guggenheim restated a "neutral" rating on shares of Macy's in a report on Thursday, December 12th. Finally, Argus raised shares of Macy's to a "hold" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.78.

Macy's Price Performance

Shares of NYSE:M traded up $0.11 on Thursday, reaching $13.90. 6,340,724 shares of the company traded hands, compared to its average volume of 8,638,672. The stock has a market capitalization of $3.86 billion, a PE ratio of 23.55 and a beta of 2.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. The company's 50 day moving average is $16.11 and its 200-day moving average is $16.08. Macy's has a fifty-two week low of $13.66 and a fifty-two week high of $22.10.

Macy's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.1737 per share. This represents a $0.69 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Friday, December 13th. Macy's's dividend payout ratio is currently 116.95%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of M. Quest Partners LLC acquired a new position in shares of Macy's during the third quarter worth approximately $35,000. Venturi Wealth Management LLC increased its stake in Macy's by 282.7% during the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company's stock valued at $36,000 after acquiring an additional 1,685 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Macy's in the 3rd quarter valued at approximately $39,000. Abich Financial Wealth Management LLC bought a new stake in shares of Macy's in the 2nd quarter worth approximately $57,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Macy's during the 2nd quarter worth approximately $62,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy's Company Profile

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.