Brokers Issue Forecasts for Macy’s’ FY2025 Earnings (NYSE:M)

Macy’s, Inc. (NYSE:M) – Equities research analysts at Zacks Research lowered their FY2025 earnings estimates for Macy’s in a report released on Tuesday, December 10th. Zacks Research analyst S. Singh now expects that the company will post earnings per share of $2.66 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.

A number of other equities research analysts have also issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $17.00 target price on shares of Macy’s in a research note on Wednesday. Guggenheim restated a “neutral” rating on shares of Macy’s in a research note on Thursday. UBS Group decreased their target price on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research report on Thursday. StockNews.com lowered Macy’s from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Morgan Stanley decreased their price objective 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Macy’s presently has an average rating of “Hold” and a consensus target price of $18.38.

Macy’s Trading Up 2.7 %

NYSE:M opened at $16.57 on Friday. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 28.08 and a beta of 2.10. Macy’s has a one year low of $14.06 and a one year high of $22.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.34 and a current ratio of 1.26. The business’s 50-day simple moving average is $15.79 and its 200 day simple moving average is $16.51.

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

Macy’s Announces Dividend

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 paid a dividend of $0.1737 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Friday, December 13th. Macy’s’s dividend payout ratio (DPR) is currently 116.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Macy’s by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,489,334 shares of the company’s stock worth $297,385,000 after purchasing an additional 1,379,476 shares during the last quarter. LSV Asset Management lifted its holdings in Macy’s by 1.3% in the 2nd quarter. LSV Asset Management now owns 5,374,167 shares of the company’s stock worth $103,184,000 after purchasing an additional 68,300 shares during the last quarter. 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 worth $79,110,000 after purchasing an additional 128,258 shares during the last quarter. American Century Companies Inc. boosted its position in Macy’s by 18.9% during the second quarter. American Century Companies Inc. now owns 4,704,854 shares of the company’s stock worth $90,333,000 after purchasing an additional 747,542 shares during the period. Finally, FMR LLC grew its holdings in Macy’s by 4.4% during the third quarter. FMR LLC now owns 4,691,591 shares of the company’s stock valued at $73,611,000 after purchasing an additional 195,880 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

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.