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 issued to investors on Wednesday, Marketbeat Ratings reports. Telsey Advisory Group currently has a $21.00 price objective on the stock. Telsey Advisory Group also issued estimates for Macy’s’ Q3 2025 earnings at ($0.01) EPS, FY2025 earnings at $2.70 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.42 EPS, Q4 2026 earnings at $2.03 EPS and FY2026 earnings at $2.70 EPS.

Several other research analysts also recently weighed in on the stock. StockNews.com initiated coverage on shares of Macy’s in a research report on Wednesday, August 14th. They issued a hold rating on the stock. TD Cowen boosted their price objective on shares of Macy’s from $20.00 to $21.00 and gave the company a hold rating in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Macy’s from $25.00 to $27.00 and gave the company an overweight rating in a research report on Wednesday, May 22nd. Finally, Evercore ISI lowered their price objective on shares of Macy’s from $22.00 to $17.00 and set an in-line rating on the stock in a research report on Tuesday, July 16th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $19.50.

Macy’s Stock Performance

Macy’s stock opened at $15.95 on Wednesday. The firm’s 50 day simple moving average is $17.38 and its 200-day simple moving average is $18.72. The company has a market cap of $4.41 billion, a P/E ratio of 531.67 and a beta of 2.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 0.35. Macy’s has a fifty-two week low of $10.54 and a fifty-two week high of $22.10.

Macy’s (NYSE:M) last released its earnings results on Wednesday, August 21st. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.23. The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $5.06 billion. Macy’s had a net margin of 0.05% and a return on equity of 21.40%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. As a group, equities research analysts predict that Macy’s will post 2.79 EPS for the current year.

Macy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a $0.1737 dividend. This represents a $0.69 annualized dividend and a yield of 4.36%. Macy’s’s dividend payout ratio is 2,300.00%.

Insiders Place Their Bets

In other Macy’s news, EVP Danielle L. Kirgan sold 24,147 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $18.96, for a total value of $457,827.12. Following the completion of the sale, the executive vice president now directly owns 348,000 shares of the company’s stock, valued at $6,598,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Antony Spring sold 18,981 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $18.96, for a total value of $359,879.76. Following the completion of the sale, the chief executive officer now directly owns 267,265 shares in the company, valued at $5,067,344.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Danielle L. Kirgan sold 24,147 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $18.96, for a total transaction of $457,827.12. Following the completion of the sale, the executive vice president now owns 348,000 shares of the company’s stock, valued at $6,598,080. The disclosure for this sale can be found here. Insiders sold 43,464 shares of company stock valued at $824,081 over the last ninety days. Corporate insiders own 2.77% of the company’s stock.

Institutional Trading of Macy’s

A number of institutional investors and hedge funds have recently modified their holdings of the company. Glassman Wealth Services raised its stake in Macy’s by 154.5% during 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 during the last quarter. Lindbrook Capital LLC raised its stake in Macy’s by 253.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,317 shares of the company’s stock valued at $26,000 after purchasing an additional 944 shares during the last quarter. Riverview Trust Co acquired a new position in Macy’s during the 1st quarter valued at $27,000. Fidelis Capital Partners LLC acquired a new position in Macy’s during the 1st quarter valued at $42,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Macy’s during the 1st quarter valued at $50,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

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.