Telsey Advisory Group Reaffirms Market Perform Rating for Macy’s (NYSE:M)

Macy’s (NYSE:M)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They presently have a $17.00 target price on the stock. Telsey Advisory Group’s price objective points to a potential upside of 6.52% from the stock’s current price. Telsey Advisory Group also issued estimates for Macy’s’ Q4 2026 earnings at $2.01 EPS.

Other equities research analysts have also issued research reports about the company. Morgan Stanley lowered their price objective on Macy’s from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. StockNews.com assumed coverage on Macy’s in a report on Sunday, November 10th. They issued a “hold” rating on the stock. Finally, Argus raised Macy’s to a “hold” rating in a report on Thursday, October 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.86.

Macy’s Stock Performance

NYSE M opened at $15.96 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 1.48 and a debt-to-equity ratio of 0.70. Macy’s has a 52-week low of $14.06 and a 52-week high of $22.10. The business’s 50-day moving average price is $15.49 and its 200 day moving average price is $16.76. The firm has a market cap of $4.43 billion, a P/E ratio of 24.94 and a beta of 2.11.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of M. Dimensional Fund Advisors LP boosted its position in 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 period. LSV Asset Management raised its stake in shares of Macy’s by 1.3% in the 2nd quarter. LSV Asset Management now owns 5,374,167 shares of the company’s stock valued at $103,184,000 after purchasing an additional 68,300 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Macy’s by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,023,790 shares of the company’s stock valued at $79,110,000 after purchasing an additional 128,258 shares in the last quarter. American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 747,542 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Macy’s by 4.4% in the 3rd 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 in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

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.