Macy's (NYSE:M) Issues Quarterly Earnings Results

Key Points

• Macy's reported earnings of $0.41 per share for the quarter, significantly above the consensus estimate of $0.19, with revenues of $4.81 billion surpassing expectations of $4.69 billion.
• The company announced a quarterly dividend of $0.1824, providing a yield of 5.4%, with a payout ratio of 37.06%.
• Analysts have recently updated price targets for Macy's stock, with target prices ranging from $12.00 to $16.00, reflecting a mix of "neutral" and "market perform" ratings.

Macy's (NYSE:M - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.22, Zacks reports. Macy's had a return on equity of 15.39% and a net margin of 2.18%.The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same quarter last year, the firm posted $0.53 EPS. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. Macy's updated its Q3 2025 guidance to -0.200--0.150 EPS and its FY 2025 guidance to 1.700-2.050 EPS.

Macy's Price Performance

Shares of M stock traded up $0.07 on Friday, reaching $17.31. The company's stock had a trading volume of 18,321,722 shares, compared to its average volume of 9,616,165. The company has a quick ratio of 0.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. Macy's has a 12-month low of $9.76 and a 12-month high of $18.13. The company has a market capitalization of $4.70 billion, a P/E ratio of 9.89 and a beta of 1.78. The stock's 50 day simple moving average is $12.96 and its 200-day simple moving average is $12.48.

Macy's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, September 15th. Macy's's dividend payout ratio (DPR) is 41.71%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup lifted their price objective on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. UBS Group boosted their price target on shares of Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research report on Thursday. The Goldman Sachs Group raised their price target on Macy's from $13.00 to $14.50 and gave the stock a "neutral" rating in a report on Thursday. Finally, Barclays lifted their price target on Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Macy's presently has an average rating of "Hold" and an average target price of $14.85.

Institutional Investors Weigh In On Macy's

Institutional investors and hedge funds have recently made changes to their positions in the business. Cerity Partners LLC purchased a new stake in shares of Macy's in the second quarter worth $161,000. Lazard Asset Management LLC lifted its position in Macy's by 171.5% during the second quarter. Lazard Asset Management LLC now owns 21,012 shares of the company's stock valued at $243,000 after purchasing an additional 13,274 shares during the last quarter. Osaic Holdings Inc. lifted its position in Macy's by 24.8% during the second quarter. Osaic Holdings Inc. now owns 22,147 shares of the company's stock valued at $260,000 after purchasing an additional 4,406 shares during the last quarter. Raymond James Financial Inc. lifted its position in Macy's by 4.5% during the second quarter. Raymond James Financial Inc. now owns 23,949 shares of the company's stock valued at $279,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Macy's by 49.6% during the second quarter. Cetera Investment Advisers now owns 24,300 shares of the company's stock valued at $283,000 after purchasing an additional 8,053 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.

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.