Telsey Advisory Group Forecasts Lower Earnings for Macy’s

Macy’s, Inc. (NYSE:M) – Equities research analysts at Telsey Advisory Group dropped their FY2025 earnings per share (EPS) estimates for shares of Macy’s in a research report issued on Thursday, December 12th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of $2.40 for the year, down from their prior estimate of $2.70. 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 $2.38 per share. Telsey Advisory Group also issued estimates for Macy’s’ Q4 2025 earnings at $1.55 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.43 EPS and FY2026 earnings at $2.40 EPS.

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 business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. Macy’s’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share.

Other equities analysts also recently issued reports about the stock. Guggenheim restated a “neutral” rating on shares of Macy’s in a research note on Thursday. UBS Group reduced their price target 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 downgraded Macy’s from a “buy” rating to a “hold” rating in a research note on Friday. Argus upgraded Macy’s to a “hold” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley cut their price objective on Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.38.

Macy’s Stock Up 1.5 %

Macy’s stock opened at $16.56 on Monday. 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 has a 1-year low of $14.06 and a 1-year high of $22.10. The company has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $16.46. The company has a market cap of $4.59 billion, a P/E ratio of 28.07 and a beta of 2.10.

Hedge Funds Weigh In On Macy’s

Several institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP grew its position in shares of Macy’s by 1,539.5% in the second quarter. Marshall Wace LLP now owns 3,534,952 shares of the company’s stock valued at $67,871,000 after purchasing an additional 3,319,337 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Macy’s by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,489,334 shares of the company’s stock valued at $297,385,000 after purchasing an additional 1,379,476 shares during the period. American Century Companies Inc. grew its holdings in Macy’s by 18.9% in the 2nd quarter. American Century Companies Inc. now owns 4,704,854 shares of the company’s stock valued at $90,333,000 after buying an additional 747,542 shares in the last quarter. Barington Capital Group L.P. increased its position in Macy’s by 550.0% during the 3rd quarter. Barington Capital Group L.P. now owns 650,000 shares of the company’s stock worth $10,198,000 after buying an additional 550,000 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Macy’s by 57.9% during the third quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock worth $12,276,000 after buying an additional 286,879 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.1737 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Friday, December 13th. Macy’s’s payout ratio is presently 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.