Q4 EPS Estimates for Macy’s Lifted by Telsey Advisory Group

Macy’s, Inc. (NYSE:M) – Telsey Advisory Group raised their Q4 2026 EPS estimates for Macy’s in a report issued on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of $1.72 for the quarter, up from their prior estimate 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) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS.

Several other analysts have also weighed in on the company. Argus raised Macy’s to a “hold” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Macy’s from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley lowered their price target on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, December 12th. Finally, UBS Group lowered their target price on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Macy’s presently has a consensus rating of “Hold” and a consensus target price of $17.78.

Macy’s Stock Performance

Shares of Macy’s stock opened at $13.90 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The company has a market cap of $3.86 billion, a PE ratio of 23.55 and a beta of 2.07. The company has a 50 day moving average of $16.11 and a 200-day moving average of $16.08. Macy’s has a 1-year low of $13.66 and a 1-year high of $22.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC acquired a new position in shares of Macy’s during the 3rd quarter valued at $35,000. Venturi Wealth Management LLC grew its position in Macy’s by 282.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock valued at $36,000 after purchasing an additional 1,685 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Macy’s during the 3rd quarter valued at $39,000. Abich Financial Wealth Management LLC acquired a new position in Macy’s during the second quarter worth $57,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Macy’s in the second quarter valued at $62,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis 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%.

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.