Macy's (NYSE:M) Issues FY 2025 Earnings Guidance

Key Points

• Macy's has provided guidance for FY 2025 with an EPS range of 1.700-2.050, which is slightly lower than the consensus estimate of 1.810.
• The company reported a quarterly earnings per share of $0.41, surpassing expectations of $0.19, despite a 2.5% decline in revenue year-over-year.
• Macy's has declared a quarterly dividend of $0.1824 per share with a dividend yield of 4.5%, payable on October 1st.

Macy's (NYSE:M - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.700-2.050 for the period, compared to the consensus EPS estimate of 1.810. The company issued revenue guidance of $21.2 billion-$21.5 billion, compared to the consensus revenue estimate of $21.3 billion. Macy's also updated its Q3 2025 guidance to -0.200--0.150 EPS.

Macy's Stock Performance

Shares of NYSE M traded up $0.07 during mid-day trading on Friday, hitting $17.31. The stock had a trading volume of 18,321,722 shares, compared to its average volume of 9,616,165. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.37 and a current ratio of 1.38. The company has a 50 day moving average of $12.96 and a two-hundred day moving average of $12.48. Macy's has a twelve month low of $9.76 and a twelve month high of $18.13. The firm has a market cap of $4.70 billion, a PE ratio of 9.89 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the prior year, the firm earned $0.53 EPS. 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. Research analysts predict that Macy's will post 2.39 EPS for the current fiscal year.

Macy's Announces Dividend

The firm also recently declared 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. This represents a $0.73 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, September 15th. Macy's's dividend payout ratio is presently 41.71%.

Analyst Upgrades and Downgrades

Several research firms have commented on M. UBS Group upped their price target on shares of Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a report on Thursday. Telsey Advisory Group restated a "market perform" rating and set a $17.00 price target (up previously from $14.00) on shares of Macy's in a report on Wednesday. The Goldman Sachs Group lifted their target price on shares of Macy's from $13.00 to $14.50 and gave the company a "neutral" rating in a report on Thursday. Jefferies Financial Group raised their price target on shares of Macy's from $14.50 to $18.50 and gave the company a "buy" rating in a research report on Wednesday. Finally, Barclays raised their price target on shares of Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.85.

Institutional Trading of Macy's

Institutional investors and hedge funds have recently modified their holdings of the business. Cerity Partners LLC purchased a new stake in shares of Macy's in the second quarter valued at about $161,000. Lazard Asset Management LLC raised its stake in Macy's by 171.5% during the second quarter. Lazard Asset Management LLC now owns 21,012 shares of the company's stock worth $243,000 after purchasing an additional 13,274 shares during the period. Osaic Holdings Inc. raised its stake in Macy's by 24.8% during the second quarter. Osaic Holdings Inc. now owns 22,147 shares of the company's stock worth $260,000 after purchasing an additional 4,406 shares during the period. Raymond James Financial Inc. raised its stake in shares of Macy's by 4.5% in the 2nd quarter. Raymond James Financial Inc. now owns 23,949 shares of the company's stock valued at $279,000 after acquiring an additional 1,040 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Macy's by 49.6% in the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company's stock valued at $283,000 after acquiring an additional 8,053 shares during the period. 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.