Telsey Advisory Group Predicts Reduced Earnings for Macy’s

Macy’s, Inc. (NYSE:M) – Investment analysts at Telsey Advisory Group dropped their FY2025 earnings estimates for shares of Macy’s in a report released on Thursday, December 12th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $2.40 per share for the year, down from their prior forecast of $2.70. 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 $2.38 per share. Telsey Advisory Group also issued estimates for Macy’s’ Q4 2025 earnings at $1.55 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.43 EPS and FY2026 earnings at $2.40 EPS.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Macy’s from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. UBS Group cut their price objective 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. Guggenheim reaffirmed a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. Argus upgraded Macy’s to a “hold” rating in a report on Thursday, October 10th. Finally, Morgan Stanley lowered their price objective on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.56.

Macy’s Stock Performance

M opened at $16.73 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.34 and a current ratio of 1.26. The company has a market cap of $4.64 billion, a PE ratio of 28.36 and a beta of 2.10. The stock has a 50-day moving average of $15.85 and a 200-day moving average of $16.42. Macy’s has a 52-week low of $14.06 and a 52-week high of $22.10.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the firm earned $0.21 earnings per share. Macy’s’s revenue was down 2.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its holdings in Macy’s by 1,539.5% during the 2nd quarter. Marshall Wace LLP now owns 3,534,952 shares of the company’s stock worth $67,871,000 after buying an additional 3,319,337 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Macy’s by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 15,489,334 shares of the company’s stock worth $297,385,000 after purchasing an additional 1,379,476 shares during the period. American Century Companies Inc. raised its holdings in Macy’s by 18.9% during the 2nd quarter. American Century Companies Inc. now owns 4,704,854 shares of the company’s stock worth $90,333,000 after purchasing an additional 747,542 shares during the last quarter. Barington Capital Group L.P. lifted its position in Macy’s by 550.0% during the 3rd quarter. Barington Capital Group L.P. now owns 650,000 shares of the company’s stock valued at $10,198,000 after purchasing an additional 550,000 shares during the period. Finally, Retirement Systems of Alabama grew its position in shares of Macy’s by 57.9% during the 3rd quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock worth $12,276,000 after buying an additional 286,879 shares during the period. 87.36% of the stock is owned by institutional investors.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.1737 per share. The ex-dividend date is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a yield of 4.15%. Macy’s’s dividend payout ratio is 116.95%.

About Macy’s

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.