Telsey Advisory Group Predicts Increased Earnings for Macy's

Key Points

• Analysts at Telsey Advisory Group raised their FY2026 earnings per share forecast for Macy's from $1.90 to $1.95, maintaining a "Market Perform" rating with a price target of $17.00.
• Macy's reported quarterly earnings of $0.41 per share, significantly beating the consensus estimate of $0.19, with revenues of $4.81 billion surpassing expectations.
• Several brokerages adjusted their price targets for Macy's, with Citigroup and JPMorgan both setting targets at $16.00, while Jefferies gave a target of $18.50 with a "buy" rating.

Macy's, Inc. (NYSE:M - Free Report) - Telsey Advisory Group raised their FY2026 earnings per share (EPS) estimates for shares of Macy's in a research note issued on Thursday, September 4th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings of $1.95 per share for the year, up from their previous estimate of $1.90. Telsey Advisory Group has a "Market Perform" rating and a $17.00 price objective 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' Q4 2026 earnings at $1.54 EPS, Q1 2027 earnings at $0.20 EPS, Q4 2027 earnings at $1.65 EPS and FY2027 earnings at $2.05 EPS.

M has been the subject of several other reports. Barclays boosted their price objective on Macy's from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group upped their price target on Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research note on Thursday. The Goldman Sachs Group upped their price target on Macy's from $13.00 to $14.50 and gave the company a "neutral" rating in a research note on Thursday. Jefferies Financial Group upped their price target on Macy's from $14.50 to $18.50 and gave the company a "buy" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $14.85.

Macy's Trading Up 0.4%

NYSE:M traded up $0.07 on Friday, hitting $17.31. 18,321,722 shares of the stock were exchanged, compared to its average volume of 10,313,771. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 9.89 and a beta of 1.78. Macy's has a 52 week low of $9.76 and a 52 week high of $18.13. 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 company's 50-day moving average price is $12.96 and its 200 day moving average price is $12.46.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.22. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.69 billion. Macy's had a return on equity of 15.39% and a net margin of 2.18%.The company's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.1824 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.73 annualized dividend and a dividend yield of 4.2%. Macy's's payout ratio is currently 41.71%.

Hedge Funds Weigh In On Macy's

Several institutional investors and hedge funds have recently modified their holdings of M. Raymond James Financial Inc. acquired a new position in Macy's during the 4th quarter worth approximately $624,000. Northern Trust Corp boosted its position in Macy's by 33.8% during the 4th quarter. Northern Trust Corp now owns 2,707,349 shares of the company's stock worth $45,835,000 after acquiring an additional 684,602 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Macy's by 33.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,161 shares of the company's stock worth $240,000 after acquiring an additional 3,579 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Macy's by 304.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,466,676 shares of the company's stock worth $24,831,000 after acquiring an additional 1,104,168 shares during the last quarter. Finally, Clearline Capital LP acquired a new position in Macy's during the 4th quarter worth approximately $4,284,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

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.