Telsey Advisory Group Reaffirms “Market Perform” Rating for Macy’s (NYSE:M)

Telsey Advisory Group restated their market perform rating on shares of Macy’s (NYSE:M) in a report released on Tuesday, Benzinga reports. Telsey Advisory Group currently has a $21.00 price target 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.

A number of other brokerages also recently issued reports on M. The Goldman Sachs Group increased 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 lowered their price target 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. JPMorgan Chase & Co. increased their price objective on Macy’s from $23.00 to $25.00 and gave the stock an overweight rating in a report on Monday, March 18th. StockNews.com assumed coverage on shares of Macy’s in a report on Saturday, May 18th. They issued a hold rating for the company. Finally, Citigroup raised Macy’s from a sell rating to a neutral rating and increased their target price for the company from $14.00 to $18.00 in a report on Friday, February 2nd. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $17.73.

Macy’s Stock Performance

Shares of M stock opened at $20.18 on Tuesday. Macy’s has a 52 week low of $10.54 and a 52 week high of $22.10. The company has a quick ratio of 0.39, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 672.67 and a beta of 2.16. The firm has a 50 day moving average of $19.45 and a 200-day moving average of $18.56.

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

Macy’s Announces Dividend

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

Insider Activity at Macy’s

In related news, CFO Adrian V. Mitchell sold 13,249 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $20.42, for a total value of $270,544.58. Following the completion of the sale, the chief financial officer now owns 99,098 shares in the company, valued at approximately $2,023,581.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Paul Griscom sold 2,969 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $20.43, for a total transaction of $60,656.67. Following the transaction, the senior vice president now owns 21,436 shares of the company’s stock, valued at $437,937.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adrian V. Mitchell sold 13,249 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $20.42, for a total value of $270,544.58. Following the completion of the sale, the chief financial officer now directly owns 99,098 shares of the company’s stock, valued at approximately $2,023,581.16. The disclosure for this sale can be found here. Insiders sold a total of 218,424 shares of company stock valued at $4,405,507 over the last ninety days. Insiders own 2.77% of the company’s stock.

Hedge Funds Weigh In On Macy’s

Hedge funds have recently added to or reduced their stakes in the business. Glassman Wealth Services lifted its holdings in shares of 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 acquiring an additional 743 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Macy’s by 253.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,317 shares of the company’s stock worth $26,000 after acquiring an additional 944 shares in the last quarter. Riverview Trust Co purchased a new position in Macy’s in the first quarter valued at about $27,000. Fifth Third Bancorp raised its position 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 purchasing an additional 2,415 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Macy’s during the 1st quarter valued at approximately $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.