FY2025 Earnings Forecast for Macy’s Issued By Zacks Research

Macy’s, Inc. (NYSE:M) – Investment analysts at Zacks Research lowered their FY2025 EPS estimates for shares of Macy’s in a research note issued on Tuesday, December 10th. Zacks Research analyst S. Singh now forecasts that the company will earn $2.66 per share for the year, down from their prior forecast of $2.71. The consensus estimate for Macy’s’ current full-year earnings is $2.38 per share.

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

Other research analysts have also issued reports about the company. UBS Group cut their target price on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research note on Thursday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 price objective on shares of Macy’s in a report on Wednesday. StockNews.com cut shares of Macy’s from a “buy” rating to a “hold” rating in a research note on Friday. Argus upgraded shares of Macy’s to a “hold” rating in a research note on Thursday, October 10th. Finally, Guggenheim reiterated a “neutral” rating on shares of Macy’s in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Macy’s currently has a consensus rating of “Hold” and an average price target of $18.38.

Macy’s Price Performance

Shares of M stock opened at $16.57 on Friday. Macy’s has a 12 month low of $14.06 and a 12 month high of $22.10. The company has a market capitalization of $4.60 billion, a P/E ratio of 28.08 and a beta of 2.10. The stock has a 50 day moving average of $15.79 and a two-hundred day moving average of $16.51. The company has a current ratio of 1.26, a quick ratio of 0.34 and a debt-to-equity ratio of 0.67.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Friday, December 13th. Macy’s’s dividend payout ratio is currently 116.95%.

Institutional Investors Weigh In On Macy’s

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in shares of Macy’s by 7.7% during the second quarter. CWM LLC now owns 8,398 shares of the company’s stock valued at $161,000 after acquiring an additional 598 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Macy’s by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 44,321 shares of the company’s stock worth $851,000 after buying an additional 761 shares during the last quarter. United Services Automobile Association lifted its holdings in Macy’s by 4.8% in the second quarter. United Services Automobile Association now owns 22,038 shares of the company’s stock valued at $423,000 after buying an additional 1,012 shares during the period. Federated Hermes Inc. boosted its stake in Macy’s by 2.5% in the second quarter. Federated Hermes Inc. now owns 44,337 shares of the company’s stock valued at $851,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Affinity Capital Advisors LLC raised its position in shares of Macy’s by 11.5% during the 3rd quarter. Affinity Capital Advisors LLC now owns 12,116 shares of the company’s stock valued at $190,000 after acquiring an additional 1,248 shares during the last quarter. 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.