Q3 EPS Estimates for Macy's Lowered by Telsey Advisory Group

Key Points

• Telsey Advisory Group has lowered its Q3 2026 earnings per share estimate for Macy's to (0.15), compared to a previous estimate of (0.09), maintaining a "Market Perform" rating with a target price of $17.00.
• Macy's has received various price target increases from multiple analysts, with Jefferies raising their target from $14.50 to $18.50 and Barclays from $12.00 to $15.00.
• The company recently announced a quarterly dividend of $0.1824 per share to be paid on October 1st, reflecting an annualized yield of 4.2%.

Macy's, Inc. (NYSE:M - Free Report) - Stock analysts at Telsey Advisory Group decreased their Q3 2026 earnings per share estimates for Macy's in a research note issued on Thursday, September 4th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of ($0.15) per share for the quarter, down from their prior estimate of ($0.09). Telsey Advisory Group currently has a "Market Perform" rating and a $17.00 target price 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' Q2 2027 earnings at $0.36 EPS and Q3 2027 earnings at ($0.17) EPS.

A number of other equities research analysts have also weighed in on M. Jefferies Financial Group boosted their price target on Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a research note on Wednesday. Barclays increased their price target on shares of Macy's from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Citigroup increased their price target on shares of Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, The Goldman Sachs Group increased their price target on shares of Macy's from $13.00 to $14.50 and gave the stock a "neutral" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Macy's presently has an average rating of "Hold" and an average price target of $14.85.

Macy's Price Performance

Shares of M stock opened at $17.31 on Monday. Macy's has a fifty-two week low of $9.76 and a fifty-two week high of $18.13. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 9.89 and a beta of 1.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. The stock's 50-day simple moving average is $12.96 and its 200-day simple moving average is $12.46.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company'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.

Macy's Dividend Announcement

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

Institutional Investors Weigh In On Macy's

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of Macy's by 33.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,161 shares of the company's stock valued at $240,000 after purchasing an additional 3,579 shares during the period. Junto Capital Management LP acquired a new position in shares of Macy's in the fourth quarter valued at approximately $48,775,000. Invenomic Capital Management LP increased its holdings in shares of Macy's by 13.1% in the fourth quarter. Invenomic Capital Management LP now owns 900,040 shares of the company's stock valued at $15,238,000 after purchasing an additional 104,353 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Macy's by 29.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,840 shares of the company's stock valued at $1,995,000 after purchasing an additional 27,156 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Macy's by 13.8% in the fourth quarter. Nuveen Asset Management LLC now owns 721,044 shares of the company's stock valued at $12,207,000 after purchasing an additional 87,315 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.

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