Macy’s’ (M) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Macy’s (NYSE:M) in a research note released on Tuesday, Benzinga reports. The brokerage currently has a $21.00 price objective on the stock. Telsey Advisory Group also issued estimates for Macy’s’ Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.02 EPS, FY2025 earnings at $2.77 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.04 EPS, Q4 2026 earnings at $2.11 EPS and FY2026 earnings at $2.78 EPS.

Several other research analysts also recently issued reports on M. Morgan Stanley reduced their price objective on Macy’s from $21.00 to $20.00 and set an equal weight rating on the stock in a report on Wednesday, February 28th. StockNews.com began coverage on Macy’s in a report on Saturday, May 18th. They issued a hold rating on the stock. The Goldman Sachs Group upped their target price on shares of Macy’s from $16.00 to $22.00 and gave the company a buy rating in a research report on Wednesday, February 28th. Citigroup upgraded shares of Macy’s from a sell rating to a neutral rating and lifted their price target for the stock from $14.00 to $18.00 in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Macy’s from $23.00 to $25.00 and gave the company an overweight rating in a report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Macy’s presently has an average rating of Hold and a consensus target price of $17.73.

Macy’s Price Performance

Shares of NYSE:M opened at $20.18 on Tuesday. The stock has a market capitalization of $5.55 billion, a P/E ratio of 672.67 and a beta of 2.16. The business has a 50-day moving average of $19.45 and a two-hundred day moving average of $18.56. Macy’s has a fifty-two week low of $10.54 and a fifty-two week high of $22.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 0.39.

Macy’s (NYSE:M) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. Macy’s had a return on equity of 21.40% and a net margin of 0.05%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that Macy’s will post 2.74 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, June 14th. Macy’s’s payout ratio is 2,300.00%.

Insider Transactions at Macy’s

In other Macy’s news, CEO Antony Spring sold 14,859 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $19.63, for a total transaction of $291,682.17. Following the completion of the sale, the chief executive officer now directly owns 248,897 shares of the company’s stock, valued at approximately $4,885,848.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Antony Spring sold 14,859 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.63, for a total transaction of $291,682.17. Following the completion of the transaction, the chief executive officer now owns 248,897 shares in the company, valued at $4,885,848.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey Gennette sold 78,567 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $20.42, for a total value of $1,604,338.14. Following the completion of the sale, the director now directly owns 994,301 shares of the company’s stock, valued at $20,303,626.42. The disclosure for this sale can be found here. Insiders have sold 218,424 shares of company stock valued at $4,405,507 over the last ninety days. 2.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Glassman Wealth Services boosted its stake in shares of Macy’s by 154.5% in the 4th quarter. Glassman Wealth Services now owns 1,224 shares of the company’s stock valued at $25,000 after purchasing an additional 743 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Macy’s by 253.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,317 shares of the company’s stock valued at $26,000 after buying an additional 944 shares during the last quarter. Riverview Trust Co purchased a new position in shares of Macy’s in the first quarter worth about $27,000. Fifth Third Bancorp lifted its stake in shares of Macy’s by 221.4% in the 3rd quarter. Fifth Third Bancorp now owns 3,506 shares of the company’s stock valued at $41,000 after acquiring an additional 2,415 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in Macy’s during the 1st quarter valued at about $42,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Company Profile

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.