Telsey Advisory Group Lowers Macy's (NYSE:M) Price Target to $14.00

Macy's (NYSE:M - Free Report) had its price target cut by Telsey Advisory Group from $15.00 to $14.00 in a research report sent to investors on Thursday, MarketBeat reports. They currently have a market perform rating on the stock. Telsey Advisory Group also issued estimates for Macy's' Q2 2026 earnings at $0.19 EPS, Q4 2026 earnings at $1.64 EPS, FY2026 earnings at $1.90 EPS, Q4 2027 earnings at $1.77 EPS and FY2027 earnings at $1.96 EPS.

Several other brokerages have also commented on M. The Goldman Sachs Group lowered Macy's from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Macy's from $14.00 to $13.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. New Street Research set a $13.00 price target on Macy's in a research note on Thursday, March 6th. UBS Group decreased their price target on Macy's from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Friday, March 7th. Finally, Benchmark raised Macy's to a "strong-buy" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $13.20.

Macy's Stock Performance

NYSE M traded down $0.06 on Thursday, hitting $11.88. 8,401,442 shares of the company's stock were exchanged, compared to its average volume of 6,444,198. 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 firm's 50-day moving average price is $11.69 and its two-hundred day moving average price is $14.04. Macy's has a fifty-two week low of $9.76 and a fifty-two week high of $20.47. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 20.14 and a beta of 1.77.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.16 EPS for the quarter, topping 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 company's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. On average, research analysts expect that Macy's will post 2.39 EPS for the current year.

Macy's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Friday, June 13th. Macy's's payout ratio is currently 35.44%.

Insider Activity at Macy's

In other Macy's news, CEO Antony Spring sold 20,868 shares of the 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 transaction, the chief executive officer now owns 321,244 shares of the company's stock, valued at $4,073,373.92. This represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Adrian V. Mitchell sold 5,122 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $12.77, for a total value of $65,407.94. Following the transaction, the executive vice president now directly owns 130,491 shares in the company, valued at approximately $1,666,370.07. This represents a 3.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,751 shares of company stock valued at $537,790. 2.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its holdings in shares of Macy's by 155.8% during the 4th quarter. State of Alaska Department of Revenue now owns 81,626 shares of the company's stock worth $1,381,000 after buying an additional 49,715 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Macy's by 14.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,314,572 shares of the company's stock worth $56,116,000 after buying an additional 419,261 shares during the last quarter. KBC Group NV increased its holdings in shares of Macy's by 47.4% during the 4th quarter. KBC Group NV now owns 11,718 shares of the company's stock worth $198,000 after buying an additional 3,766 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Macy's during the 4th quarter worth $1,922,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Macy's by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,105 shares of the company's stock worth $764,000 after buying an additional 1,122 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.

About Macy's

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.