Telsey Advisory Group Raises Earnings Estimates for Macy’s

Macy’s, Inc. (NYSE:M) – Equities researchers at Telsey Advisory Group boosted their FY2026 earnings per share (EPS) estimates for Macy’s in a research report issued on Thursday, September 4th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of $1.95 per share for the year, up from their previous forecast of $1.90. 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 $2.39 per share. Telsey Advisory Group also issued estimates for Macy’s’ Q4 2026 earnings at $1.54 EPS, Q1 2027 earnings at $0.20 EPS, Q4 2027 earnings at $1.65 EPS and FY2027 earnings at $2.05 EPS.

Several other equities analysts have also recently commented on M. Jefferies Financial Group boosted their target price on Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group boosted their target price on Macy’s from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group boosted their target price on Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Barclays upped their price objective on Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Macy’s presently has an average rating of “Hold” and an average target price of $14.85.

Macy’s Price Performance

Macy’s stock opened at $17.31 on Friday. Macy’s has a 52 week low of $9.76 and a 52 week high of $18.13. The business has a 50-day simple moving average of $12.96 and a 200 day simple moving average of $12.50. The company has a quick ratio of 0.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 9.89 and a beta of 1.78.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS.

Institutional Trading of Macy’s

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC increased its holdings in shares of Macy’s by 106.0% in the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after purchasing an additional 38,800 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Macy’s in the 1st quarter worth $29,000. UMB Bank n.a. increased its holdings in shares of Macy’s by 523.0% in the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after purchasing an additional 2,662 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Macy’s by 28.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after purchasing an additional 1,087 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Macy’s by 116.2% in the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock worth $88,000 after purchasing an additional 4,080 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.1824 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.2%. Macy’s’s dividend payout ratio (DPR) is presently 37.06%.

Macy’s Company Profile

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.