Brokers Offer Predictions for Macy’s’ Q4 Earnings (NYSE:M)

Macy’s, Inc. (NYSE:M) – Stock analysts at Telsey Advisory Group dropped their Q4 2026 earnings per share (EPS) estimates for shares of Macy’s in a research report issued to clients and investors on Tuesday, November 26th. Telsey Advisory Group analyst D. Telsey now expects 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 objective on the stock. The consensus estimate for Macy’s’ current full-year earnings is $2.70 per share.

Other equities analysts also recently issued research reports about the stock. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Wednesday. Argus upgraded Macy’s to a “hold” rating in a report on Thursday, October 10th. Finally, Morgan Stanley dropped their price target on Macy’s from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Macy’s presently has an average rating of “Hold” and an average price target of $19.86.

Macy’s Price Performance

M opened at $15.96 on Wednesday. Macy’s has a 1 year low of $14.06 and a 1 year high of $22.10. The company’s 50 day simple moving average is $15.49 and its 200 day simple moving average is $16.76. The stock has a market capitalization of $4.43 billion, a PE 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.

Hedge Funds Weigh In On Macy’s

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in Macy’s by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 141,529 shares of the company’s stock worth $2,830,000 after buying an additional 8,403 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Macy’s by 32.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 16,943 shares of the company’s stock worth $339,000 after acquiring an additional 4,122 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Macy’s in the first quarter worth about $392,000. Virtu Financial LLC purchased a new position in Macy’s in the first quarter valued at about $1,043,000. Finally, CWM LLC grew its stake in Macy’s by 7.7% during the 2nd quarter. CWM LLC now owns 8,398 shares of the company’s stock valued at $161,000 after purchasing an additional 598 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s Announces Dividend

The business also recently disclosed 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. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Friday, December 13th. Macy’s’s dividend payout ratio is presently 107.81%.

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.