FY2025 Earnings Estimate for Macy's Issued By Zacks Research

Macy's, Inc. (NYSE:M - Free Report) - Zacks Research lowered their FY2025 earnings per share estimates for Macy's in a research report issued on Tuesday, December 10th. Zacks Research analyst S. Singh now forecasts that the company will post earnings of $2.66 per share for the year, down from their previous estimate of $2.71. The consensus estimate for Macy's' current full-year earnings is $2.38 per share.

Other equities research analysts also recently issued reports about the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $17.00 price target on shares of Macy's in a report on Wednesday. Morgan Stanley reduced their price objective on Macy's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Thursday. UBS Group reduced their price objective on Macy's from $10.00 to $9.00 and set a "sell" rating on the stock in a report on Thursday. Guggenheim restated a "neutral" rating on shares of Macy's in a report on Thursday. Finally, StockNews.com upgraded Macy's from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Macy's presently has an average rating of "Hold" and an average price target of $18.38.

Macy's Trading Up 1.7 %

Shares of NYSE M traded up $0.27 during midday trading on Friday, hitting $16.41. The company's stock had a trading volume of 4,109,108 shares, compared to its average volume of 6,385,931. The company has a current ratio of 1.26, a quick ratio of 0.34 and a debt-to-equity ratio of 0.67. The business's 50 day moving average is $15.77 and its two-hundred day moving average is $16.53. Macy's has a 12-month low of $14.06 and a 12-month high of $22.10. The firm has a market cap of $4.55 billion, a P/E ratio of 27.62 and a beta of 2.10.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share 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 analysts' expectations of $4.74 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company's quarterly revenue was down 2.4% compared to the same quarter last year.

Institutional Trading of Macy's

A number of institutional investors have recently made changes to their positions in the business. Quest Partners LLC acquired a new position in Macy's in the third quarter valued at approximately $35,000. Venturi Wealth Management LLC lifted its holdings in Macy's by 282.7% in 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 last quarter. Future Financial Wealth Managment LLC acquired a new position in Macy's in the third quarter valued at approximately $39,000. Abich Financial Wealth Management LLC acquired a new position in Macy's in the second quarter valued at approximately $57,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Macy's in the second quarter valued at approximately $62,000. Institutional investors and hedge funds own 87.36% of the company's stock.

Macy's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.1737 per share. The ex-dividend date is Friday, December 13th. This represents a $0.69 annualized dividend and a yield of 4.23%. Macy's's dividend payout ratio (DPR) is presently 116.95%.

About Macy's

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.