Telsey Advisory Group Predicts Macy’s’ Q4 Earnings (NYSE:M)

Macy’s, Inc. (NYSE:M) – Stock analysts at Telsey Advisory Group lowered their Q4 2026 earnings per share (EPS) estimates for shares of Macy’s in a research note issued to investors on Tuesday, November 26th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $2.01 per share for the quarter, down from their prior estimate of $2.03. Telsey Advisory Group currently has a “Market Perform” rating and a $17.00 target price on the stock. The consensus estimate for Macy’s’ current full-year earnings is $2.70 per share.

A number of other brokerages have also recently weighed in on M. Morgan Stanley decreased their price target on shares of Macy’s from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Argus raised Macy’s to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.86.

Macy’s Stock Performance

Shares of M stock opened at $15.96 on Wednesday. Macy’s has a 1 year low of $14.06 and a 1 year high of $22.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 1.48. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 24.94 and a beta of 2.11. The stock’s 50-day moving average is $15.49 and its two-hundred day moving average is $16.76.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a $0.1737 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.69 annualized dividend and a dividend yield of 4.35%. Macy’s’s dividend payout ratio is presently 107.81%.

Institutional Trading of Macy’s

Several institutional investors and hedge funds have recently modified their holdings of M. PVG Asset Management Corp purchased a new position in Macy’s during the third quarter worth $730,000. Wilmington Savings Fund Society FSB acquired a new position in Macy’s in the 3rd quarter valued at about $221,000. Virtu Financial LLC acquired a new position in Macy’s in the 3rd quarter valued at about $594,000. Geode Capital Management LLC lifted its holdings in Macy’s by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,023,790 shares of the company’s stock valued at $79,110,000 after purchasing an additional 128,258 shares in the last quarter. Finally, MidWestOne Financial Group Inc. grew its holdings in shares of Macy’s by 45.8% during the third quarter. MidWestOne Financial Group Inc. now owns 118,479 shares of the company’s stock worth $1,859,000 after buying an additional 37,218 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

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.