Telsey Advisory Group Estimates Macy’s’ Q4 Earnings (NYSE:M)

Macy’s, Inc. (NYSE:M) – Analysts at Telsey Advisory Group dropped their Q4 2026 earnings per share (EPS) estimates for Macy’s in a research note issued to investors on Tuesday, November 26th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $2.01 per share for the quarter, down from their prior forecast of $2.03. 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 $2.70 per share.

Other equities analysts also recently issued research reports about the stock. Argus raised shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. Morgan Stanley lowered their target price on shares of Macy’s from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, StockNews.com started coverage on Macy’s in a report on Sunday, November 10th. They set a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.86.

Macy’s Trading Down 0.3 %

Shares of NYSE:M opened at $15.89 on Wednesday. The stock has a 50 day moving average of $15.47 and a 200 day moving average of $16.79. The company has a market cap of $4.41 billion, a PE ratio of 24.83 and a beta of 2.11. Macy’s has a 12-month low of $14.06 and a 12-month high of $22.10. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in M. Quest Partners LLC bought a new position in shares of Macy’s during the 3rd quarter valued at approximately $35,000. Venturi Wealth Management LLC raised its stake in Macy’s by 282.7% during the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock valued at $36,000 after purchasing an additional 1,685 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Macy’s during the third quarter valued at $39,000. Abich Financial Wealth Management LLC purchased a new position in shares of Macy’s in the 2nd quarter worth $57,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Macy’s in the 2nd quarter worth about $62,000. Institutional investors own 87.36% of the company’s stock.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.1737 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a yield of 4.37%. Macy’s’s dividend payout ratio is currently 107.81%.

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.