Telsey Advisory Group Predicts Weaker Earnings for Macy’s

Macy’s, Inc. (NYSE:M) – Telsey Advisory Group cut their FY2026 earnings per share (EPS) estimates for Macy’s in a report issued on Friday, March 7th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of $2.15 per share for the year, down from their previous estimate of $2.40. Telsey Advisory Group currently 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. Telsey Advisory Group also issued estimates for Macy’s’ Q1 2027 earnings at $0.18 EPS, Q2 2027 earnings at $0.32 EPS, Q4 2027 earnings at $1.82 EPS and FY2027 earnings at $2.25 EPS.

Macy’s (NYSE:M) last announced its quarterly earnings data on Thursday, March 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.25. 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 analysts’ expectations of $7.76 billion.

Several other equities analysts have also commented on the company. Citigroup lowered their target price on Macy’s from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday. Guggenheim reaffirmed a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. Morgan Stanley lowered their target price on Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered Macy’s from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $19.00 to $14.00 in a report on Thursday. Finally, The Goldman Sachs Group decreased their price objective on Macy’s from $19.00 to $17.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $16.00.

Macy’s Stock Up 6.6 %

NYSE:M opened at $14.10 on Monday. The firm has a market capitalization of $3.91 billion, a PE ratio of 23.89 and a beta of 2.07. The stock has a 50 day moving average of $15.03 and a 200-day moving average of $15.46. Macy’s has a 52 week low of $12.60 and a 52 week high of $22.10. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67.

Institutional Investors Weigh In On Macy’s

A number of institutional investors have recently added to or reduced their stakes in M. Charles Schwab Investment Management Inc. lifted its position in shares of Macy’s by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,661,876 shares of the company’s stock valued at $41,765,000 after acquiring an additional 118,626 shares during the last quarter. FMR LLC lifted its position in shares of Macy’s by 4.4% during the 3rd quarter. FMR LLC now owns 4,691,591 shares of the company’s stock valued at $73,611,000 after acquiring an additional 195,880 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Macy’s during the 3rd quarter valued at $594,000. HB Wealth Management LLC lifted its position in shares of Macy’s by 724.1% during the 4th quarter. HB Wealth Management LLC now owns 103,584 shares of the company’s stock valued at $1,754,000 after acquiring an additional 91,015 shares during the last quarter. Finally, Alerus Financial NA acquired a new stake in shares of Macy’s during the 3rd quarter valued at $2,144,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Increases Dividend

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

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.