Macy's' (M) Market Perform Rating Reaffirmed at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reaffirmed a "Market Perform" rating for Macy's with a price target of $14.00, indicating a potential downside from the stock's current price.
• Macy's reported $0.41 earnings per share for the recent quarter, exceeding expectations, but revenue declined by 2.5% compared to the same period last year.
• Institutional ownership of Macy's stock is high, with 87.36% held by institutional investors and hedge funds, following significant stake increases by several firms.

Macy's (NYSE:M - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities researchers at Telsey Advisory Group in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $17.00 target price on the stock, up from their previous target price of $14.00. Telsey Advisory Group's target price would indicate a potential upside of 3.62% from the stock's previous close.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Morgan Stanley restated a "negative" rating on shares of Macy's in a research note on Tuesday, May 6th. Finally, Citigroup restated a "neutral" rating and issued a $12.00 price objective (up previously from $11.00) on shares of Macy's in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.90.

Macy's Price Performance

Shares of NYSE:M traded up $0.13 during trading hours on Wednesday, hitting $16.41. 2,341,284 shares of the company's stock traded hands, compared to its average volume of 7,419,178. 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 0.62, a quick ratio of 0.37 and a current ratio of 1.43. The company's fifty day simple moving average is $12.71 and its two-hundred day simple moving average is $12.47. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 8.32 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.22. Macy's had a net margin of 2.45% and a return on equity of 16.34%. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business's quarterly 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. As a group, equities analysts anticipate that Macy's will post 2.39 EPS for the current fiscal year.

Institutional Trading of Macy's

Several institutional investors and hedge funds have recently added to or reduced their stakes in M. RWC Asset Management LLP acquired a new position in Macy's during the first quarter valued at approximately $80,868,000. Norges Bank bought a new position in shares of Macy's during the second quarter worth $58,743,000. Schroder Investment Management Group grew its holdings in shares of Macy's by 104.5% in the 2nd quarter. Schroder Investment Management Group now owns 9,627,790 shares of the company's stock valued at $112,260,000 after buying an additional 4,920,821 shares during the period. AQR Capital Management LLC increased its position in shares of Macy's by 269.2% in the 1st quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company's stock valued at $65,683,000 after buying an additional 3,813,210 shares in the last quarter. Finally, Junto Capital Management LP acquired a new stake in Macy's during the 4th quarter worth $48,775,000. 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.