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

Macy's (NYSE:M - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.600-2.000 for the period, compared to the consensus earnings per share estimate of 1.920. The company issued revenue guidance of $21.0 billion-$21.4 billion, compared to the consensus revenue estimate of $21.0 billion.

Wall Street Analysts Forecast Growth

M has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Macy's from a "hold" rating to a "buy" rating in a report on Friday, February 14th. New Street Research set a $13.00 price target on Macy's in a research note on Thursday, March 6th. Telsey Advisory Group reduced their price target on shares of Macy's from $15.00 to $14.00 and set a "market perform" rating on the stock in a research report on Thursday. Cowen reissued a "hold" rating on shares of Macy's in a research note on Friday, March 7th. Finally, Citigroup reiterated a "neutral" rating and set a $12.00 price target (up from $11.00) on shares of Macy's in a report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $13.20.

Macy's Trading Down 0.5%

Macy's stock traded down $0.06 during mid-day trading on Friday, hitting $11.88. The company's stock had a trading volume of 8,401,442 shares, compared to its average volume of 6,451,257. The stock has a market cap of $3.31 billion, a PE ratio of 20.14 and a beta of 1.77. Macy's has a one year low of $9.76 and a one year high of $20.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 1.26. The company has a 50 day moving average of $11.69 and a 200-day moving average of $14.02.

Macy's (NYSE:M - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.38 billion. Macy's had a net margin of 0.73% and a return on equity of 21.99%. The company's revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, research analysts anticipate that Macy's will post 2.39 EPS for the current year.

Macy's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Friday, June 13th. Macy's's payout ratio is 37.06%.

Insider Activity

In other Macy's news, EVP Tracy M. Preston sold 2,780 shares of Macy's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $12.68, for a total transaction of $35,250.40. Following the completion of the transaction, the executive vice president now owns 4,723 shares in the company, valued at approximately $59,887.64. This trade represents a 37.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Antony Spring sold 3,124 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total value of $42,923.76. Following the sale, the chief executive officer now owns 272,680 shares in the company, valued at $3,746,623.20. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,751 shares of company stock worth $537,790. Insiders own 1.09% of the company's stock.

Institutional Investors Weigh In On Macy's

Hedge funds have recently modified their holdings of the company. Focus Partners Wealth raised its holdings in shares of Macy's by 33.1% in the 1st quarter. Focus Partners Wealth now owns 58,197 shares of the company's stock valued at $731,000 after buying an additional 14,489 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Macy's by 38.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company's stock valued at $2,047,000 after acquiring an additional 45,149 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Macy's by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company's stock worth $14,019,000 after purchasing an additional 55,821 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.