Q4 EPS Estimates for Macy’s Lifted by Telsey Advisory Group

Macy’s, Inc. (NYSE:M) – Equities researchers at Telsey Advisory Group lifted their Q4 2026 earnings estimates for Macy’s in a report released on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of $1.72 for the quarter, up from their previous forecast of $1.71. 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.

Macy’s (NYSE:M) 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). The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share.

M has been the topic of several other research reports. Gordon Haskett raised shares of Macy’s from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, December 16th. UBS Group dropped their price objective on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Guggenheim restated a “neutral” rating on shares of Macy’s in a research note on Thursday, December 12th. Argus upgraded Macy’s to a “hold” rating in a research note on Thursday, October 10th. Finally, StockNews.com raised Macy’s from a “hold” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Macy’s presently has an average rating of “Hold” and a consensus price target of $17.78.

Macy’s Stock Performance

M opened at $13.81 on Thursday. The company has a market cap of $3.83 billion, a P/E ratio of 23.41 and a beta of 2.07. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. The firm’s 50-day moving average price is $16.15 and its 200-day moving average price is $16.09. Macy’s has a 52-week low of $13.66 and a 52-week high of $22.10.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP increased its holdings in Macy’s by 1,539.5% in the second quarter. Marshall Wace LLP now owns 3,534,952 shares of the company’s stock valued at $67,871,000 after buying an additional 3,319,337 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Macy’s by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,489,334 shares of the company’s stock valued at $297,385,000 after acquiring an additional 1,379,476 shares during the period. Barington Capital Group L.P. increased its stake in shares of Macy’s by 550.0% in 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 in the last quarter. Lind Value II ApS purchased a new position in shares of Macy’s in the 4th quarter valued at about $6,733,000. Finally, Retirement Systems of Alabama raised its holdings in Macy’s by 57.9% in the 3rd quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock worth $12,276,000 after purchasing an additional 286,879 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.1737 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.03%. Macy’s’s 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.