Telsey Advisory Group Expects Reduced Earnings for Macy's

Macy's, Inc. (NYSE:M - Free Report) - Analysts at Telsey Advisory Group reduced their Q3 2026 earnings per share estimates for shares of Macy's in a report released on Thursday, May 29th. Telsey Advisory Group analyst D. Telsey now anticipates 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 price target 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.

Other research analysts also recently issued reports about the company. New Street Research set a $13.00 price objective on Macy's in a research note on Thursday, March 6th. UBS Group lowered their price objective on Macy's from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group downgraded Macy's from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $17.00 to $12.00 in a research note on Tuesday, April 22nd. Citigroup restated a "neutral" rating and set a $12.00 price objective (up from $11.00) on shares of Macy's in a research note on Thursday, May 29th. Finally, Morgan Stanley restated a "negative" rating on shares of Macy's in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $13.20.

Macy's Stock Performance

Shares of M stock traded up $0.47 on Monday, hitting $11.92. 8,281,447 shares of the stock traded hands, compared to its average volume of 6,473,361. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. The company has a market capitalization of $3.32 billion, a PE ratio of 20.21 and a beta of 1.77. Macy's has a 1-year low of $9.76 and a 1-year high of $20.47. The company's fifty day moving average is $11.58 and its 200 day moving average is $13.93.

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 (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.38 billion. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The business's revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS.

Institutional Investors Weigh In On Macy's

Hedge funds have recently bought and sold shares of the business. Trifecta Capital Advisors LLC purchased a new stake in Macy's in the 4th quarter worth about $34,000. Jones Financial Companies Lllp raised its stake in shares of Macy's by 82.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,149 shares of the company's stock worth $36,000 after purchasing an additional 969 shares in the last quarter. Summit Securities Group LLC raised its stake in shares of Macy's by 106.0% during the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company's stock worth $28,000 after purchasing an additional 38,800 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Macy's during the 4th quarter worth about $38,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Macy's during the 1st quarter worth about $29,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Macy's

In other news, CEO Antony Spring sold 20,868 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $12.68, for a total transaction of $264,606.24. Following the completion of the sale, the chief executive officer now directly owns 321,244 shares of the company's stock, valued at $4,073,373.92. This represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Adrian V. Mitchell sold 3,489 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total value of $47,938.86. Following the sale, the executive vice president now directly owns 116,165 shares of the company's stock, valued at approximately $1,596,107.10. This represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,751 shares of company stock valued at $537,790. 1.09% of the stock is currently owned by corporate insiders.

Macy's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.1824 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.73 annualized dividend and a dividend yield of 6.12%. Macy's's payout ratio is 37.06%.

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.