Macy’s Q4 EPS Forecast Decreased by Telsey Advisory Group

Macy’s, Inc. (NYSE:M) – Investment analysts at Telsey Advisory Group decreased their Q4 2026 EPS estimates for Macy’s in a report issued on Tuesday, November 26th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings of $2.01 per share for the quarter, down from their previous forecast of $2.03. Telsey Advisory Group has a “Market Perform” rating and a $17.00 price target on the stock. The consensus estimate for Macy’s’ current full-year earnings is $2.70 per share.

A number of other analysts have also recently commented on M. Morgan Stanley dropped their price target on Macy’s from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Argus raised Macy’s to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com assumed coverage on Macy’s in a report on Sunday, November 10th. They set a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.86.

Macy’s Stock Performance

Shares of M stock opened at $15.89 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The company’s fifty day moving average price is $15.47 and its 200-day moving average price is $16.79. The stock 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.

Macy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 annualized dividend and a yield of 4.37%. Macy’s’s payout ratio is 107.81%.

Hedge Funds Weigh In On Macy’s

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP boosted its stake in shares of Macy’s by 1,539.5% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 valued at $297,385,000 after acquiring an additional 1,379,476 shares during the period. American Century Companies Inc. boosted its position in Macy’s by 18.9% in the second 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. grew its stake in shares of 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, Alden Global Capital LLC increased its position in shares of Macy’s by 56.1% during the 2nd quarter. Alden Global Capital LLC now owns 606,741 shares of the company’s stock valued at $11,649,000 after purchasing an additional 218,146 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

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.