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,Benzinga reports. The brokerage currently has a $17.00 target price on the stock. Telsey Advisory Group also issued estimates for Macy’s’ Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $1.79 EPS, Q3 2026 earnings at ($0.05) EPS and Q4 2026 earnings at $2.01 EPS.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Macy’s from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Argus upgraded Macy’s to a “hold” rating in a research note on Thursday, October 10th. Finally, StockNews.com assumed coverage on Macy’s in a research report on Sunday, November 10th. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.86.

Macy’s Price Performance

M stock opened at $15.96 on Tuesday. The firm has a market cap of $4.43 billion, a P/E ratio of 24.94 and a beta of 2.11. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 1.48. Macy’s has a 1 year low of $14.06 and a 1 year high of $22.10. The stock has a 50-day simple moving average of $15.50 and a 200-day simple moving average of $16.76.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.1737 per share. The ex-dividend date is Friday, December 13th. This represents a $0.69 annualized dividend and a yield of 4.35%. Macy’s’s payout ratio is 107.81%.

Institutional Investors Weigh In On Macy’s

Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in Macy’s by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 141,529 shares of the company’s stock valued at $2,830,000 after buying an additional 8,403 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Macy’s by 32.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 16,943 shares of the company’s stock worth $339,000 after purchasing an additional 4,122 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Macy’s in the first quarter valued at approximately $392,000. Virtu Financial LLC bought a new stake in shares of Macy’s during the first quarter valued at approximately $1,043,000. Finally, CWM LLC grew its holdings in Macy’s by 7.7% in the 2nd quarter. CWM LLC now owns 8,398 shares of the company’s stock worth $161,000 after buying an additional 598 shares in the last quarter. Institutional investors and hedge funds 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.