Macy’s (NYSE:M) Given New $22.00 Price Target at Telsey Advisory Group

Macy’s (NYSE:M) had its target price raised by Telsey Advisory Group from $17.00 to $22.00 in a research note published on Friday morning, Marketbeat.com reports. The brokerage currently has a market perform rating on the stock.

A number of other brokerages have also commented on M. Jefferies Financial Group increased their price objective on Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Macy’s in a research note on Tuesday. Barclays lifted their price objective on Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. Wall Street Zen cut Macy’s from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Macy’s from $14.50 to $16.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.25.

Macy’s Trading Down 0.1%

Shares of NYSE M opened at $22.41 on Friday. Macy’s has a 1-year low of $9.76 and a 1-year high of $22.93. The company has a 50-day moving average of $19.04 and a two-hundred day moving average of $15.07. The company has a market cap of $6.02 billion, a PE ratio of 12.81 and a beta of 1.83. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.19 by $0.22. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. Macy’s’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, equities analysts expect that Macy’s will post 2.39 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be issued a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, December 15th. Macy’s’s payout ratio is 41.71%.

Insider Activity at Macy’s

In related news, SVP Paul Griscom sold 12,843 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the transaction, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. The trade was a 35.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $17.30, for a total value of $1,730,000.00. Following the sale, the executive vice president directly owned 286,161 shares of the company’s stock, valued at approximately $4,950,585.30. The trade was a 25.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 212,843 shares of company stock valued at $3,726,670 over the last quarter. 1.09% of the stock is owned by insiders.

Institutional Investors Weigh In On Macy’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in Macy’s in the 3rd quarter valued at $31,000. Bessemer Group Inc. increased its holdings in Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares in the last quarter. Summit Securities Group LLC raised its stake 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 valued at $28,000 after purchasing an additional 38,800 shares during the period. Headlands Technologies LLC bought a new stake in shares of Macy’s in the first quarter valued at about $29,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Macy’s by 101.1% in the third quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after purchasing an additional 1,162 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 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.