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

Macy's, Inc. (NYSE:M - Free Report) - Analysts at Telsey Advisory Group lowered their Q3 2026 earnings per share (EPS) estimates for Macy's in a note issued to investors on Thursday, May 29th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn ($0.09) per share for the quarter, down from their previous estimate of $0.01. Telsey Advisory Group currently has a "Market Perform" rating and a $14.00 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 $0.16 EPS and Q3 2027 earnings at ($0.15) EPS.

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

Several other equities analysts have also recently commented on the company. Citigroup reaffirmed a "neutral" rating and issued a $12.00 price target (up previously from $11.00) on shares of Macy's in a report on Thursday, May 29th. UBS Group reduced their target price on Macy's from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group lowered shares of Macy's from a "buy" rating to a "neutral" rating and decreased their target price for the company from $17.00 to $12.00 in a research report on Tuesday, April 22nd. Gordon Haskett cut shares of Macy's from an "accumulate" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, New Street Research set a $13.00 target price on Macy's in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $13.20.

Macy's Stock Performance

Shares of NYSE M traded up $0.17 during mid-day trading on Monday, hitting $11.49. The company had a trading volume of 6,659,304 shares, compared to its average volume of 7,210,774. Macy's has a 12 month low of $9.76 and a 12 month high of $20.47. The firm has a market cap of $3.20 billion, a P/E ratio of 19.47 and a beta of 1.77. The business's 50-day simple moving average is $11.65 and its 200-day simple moving average is $13.99. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17.

Macy's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Friday, June 13th. Macy's's dividend payout ratio is currently 37.06%.

Insiders Place Their Bets

In other news, EVP Adrian V. Mitchell sold 3,489 shares of Macy's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total transaction of $47,938.86. Following the completion of the sale, the executive vice president now owns 116,165 shares in the company, valued at $1,596,107.10. The trade was a 2.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tracy M. Preston sold 2,780 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $12.68, for a total transaction of $35,250.40. Following the sale, the executive vice president now directly owns 4,723 shares of the company's stock, valued at approximately $59,887.64. This trade represents a 37.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,751 shares of company stock valued at $537,790 in the last 90 days. 1.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Macy's

A number of hedge funds and other institutional investors have recently bought and sold shares of M. Summit Securities Group LLC grew its holdings in Macy's by 106.0% during the first 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 acquired a new stake in Macy's in the first quarter worth $29,000. Trifecta Capital Advisors LLC bought a new position in shares of Macy's during the fourth quarter worth $34,000. Jones Financial Companies Lllp grew its holdings in shares of Macy's by 82.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,149 shares of the company's stock valued at $36,000 after buying an additional 969 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Macy's in the 4th quarter valued at $38,000. 87.36% of the stock is owned by institutional investors.

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.