Macy's, Inc. (NYSE:M - Free Report) - Analysts at Telsey Advisory Group upped their Q4 2026 EPS estimates for shares of Macy's in a report released on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $1.72 per share for the quarter, up from their previous estimate of $1.71. Telsey Advisory Group currently has a "Market Perform" rating and a $17.00 target price on the stock. The consensus estimate for Macy's' current full-year earnings is $2.39 per share.
M has been the topic of a number of other research reports. Gordon Haskett raised Macy's from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research note on Monday, December 16th. Morgan Stanley cut their price objective on Macy's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, December 12th. UBS Group decreased their target price on Macy's from $10.00 to $9.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on shares of Macy's from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, Guggenheim reiterated a "neutral" rating on shares of Macy's in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Macy's has an average rating of "Hold" and a consensus price target of $17.78.
Read Our Latest Stock Analysis on Macy's
Macy's stock opened at $13.81 on Thursday. 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 has a market capitalization of $3.83 billion, a P/E ratio of 23.41 and a beta of 2.07. Macy's has a 1-year low of $13.66 and a 1-year high of $22.10. The company's 50-day moving average is $16.15 and its 200 day moving average is $16.09.
Macy's (NYSE:M - Get Free Report) last announced its earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Macy's had a net margin of 0.73% and a return on equity of 21.99%. The firm had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.74 billion. During the same period in the prior year, the company posted $0.21 EPS. The company's revenue was down 2.4% compared to the same quarter last year.
Several large investors have recently modified their holdings of the business. Quest Partners LLC purchased a new position in Macy's during the third quarter valued at approximately $35,000. Venturi Wealth Management LLC boosted its position in Macy's by 282.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company's stock valued at $36,000 after acquiring an additional 1,685 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Macy's during the 3rd quarter valued at $39,000. Abich Financial Wealth Management LLC purchased a new position in shares of Macy's in the 2nd quarter valued at $57,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Macy's in the 2nd quarter worth $62,000. Institutional investors own 87.36% of the company's stock.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a dividend of $0.1737 per share. This represents a $0.69 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Friday, December 13th. Macy's's payout ratio is 116.95%.
Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Macy's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Macy's wasn't on the list.
While Macy's currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.