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

Telsey Advisory Group restated their market perform rating on shares of Macy’s (NYSE:M) in a research note released on Tuesday morning, Benzinga reports. Telsey Advisory Group 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, 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 have also recently weighed in on M. Citigroup raised Macy’s from a sell rating to a neutral rating and boosted their price objective for the stock from $14.00 to $18.00 in a research report on Friday, February 2nd. The Goldman Sachs Group boosted their price target on shares of Macy’s from $16.00 to $22.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Morgan Stanley decreased their price objective on shares of Macy’s from $21.00 to $20.00 and set an equal weight rating for the company in a report on Wednesday, February 28th. StockNews.com started coverage on shares of Macy’s in a research note on Saturday, May 18th. They issued a hold rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Macy’s from $23.00 to $25.00 and gave the stock an overweight rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $17.73.

Macy’s Stock Down 0.3 %

Shares of NYSE:M opened at $20.06 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.39 and a current ratio of 1.38. Macy’s has a 52-week low of $10.54 and a 52-week high of $22.10. The business’s 50 day simple moving average is $19.47 and its two-hundred day simple moving average is $18.50. The firm has a market cap of $5.52 billion, a P/E ratio of 668.67 and a beta of 2.16.

Macy’s (NYSE:M) last released its quarterly earnings data on Tuesday, May 21st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.82 billion. Macy’s had a net margin of 0.05% and a return on equity of 21.40%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. As a group, research analysts forecast that Macy’s will post 2.63 EPS for the current fiscal year.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.1737 per share. The ex-dividend date is Friday, June 14th. This represents a $0.69 annualized dividend and a yield of 3.46%. Macy’s’s payout ratio is 2,300.00%.

Insider Activity

In related news, Director Jeffrey Gennette sold 30,090 shares of Macy’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $19.66, for a total value of $591,569.40. Following the transaction, the director now directly owns 1,073,699 shares of the company’s stock, valued at $21,108,922.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Danielle L. Kirgan sold 15,070 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $20.42, for a total transaction of $307,729.40. Following the transaction, the executive vice president now directly owns 306,555 shares of the company’s stock, valued at $6,259,853.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Gennette sold 30,090 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $19.66, for a total value of $591,569.40. Following the completion of the sale, the director now directly owns 1,073,699 shares of the company’s stock, valued at approximately $21,108,922.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,424 shares of company stock valued at $4,405,507. Insiders own 2.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Macy’s in the 1st quarter worth about $1,043,000. Tidal Investments LLC bought a new position in shares of Macy’s during the first quarter valued at approximately $392,000. Levin Capital Strategies L.P. purchased a new position in shares of Macy’s during the first quarter valued at approximately $400,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Macy’s by 32.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 16,943 shares of the company’s stock valued at $339,000 after purchasing an additional 4,122 shares during the last quarter. Finally, Beryl Capital Management LLC bought a new stake in shares of Macy’s in the 1st quarter worth approximately $7,015,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

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.