Q4 EPS Estimates for Macy’s Reduced by Telsey Advisory Group

Macy’s, Inc. (NYSE:M) – Stock analysts at Telsey Advisory Group cut their Q4 2026 earnings estimates for shares of Macy’s in a research note issued to investors on Tuesday, November 26th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of $2.01 for the quarter, down from their prior estimate 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.

Several other research analysts have also issued reports on the company. Morgan Stanley reduced their target price 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 upgraded shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.86.

Macy’s Stock Up 0.4 %

NYSE:M opened at $15.96 on Wednesday. The company’s 50-day simple moving average is $15.50 and its 200-day simple moving average is $16.76. 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 fifty-two week low of $14.06 and a fifty-two week high of $22.10. The stock has a market capitalization of $4.43 billion, a P/E ratio of 24.94 and a beta of 2.11.

Hedge Funds Weigh In On Macy’s

A number of large investors have recently bought and sold shares of the business. Quest Partners LLC acquired a new position in Macy’s during the third quarter worth $35,000. Venturi Wealth Management LLC increased its stake in shares of Macy’s by 282.7% during the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock worth $36,000 after purchasing an additional 1,685 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Macy’s during the 3rd quarter worth about $39,000. Abich Financial Wealth Management LLC acquired a new stake in Macy’s in the 2nd quarter worth about $57,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Macy’s in the 2nd quarter worth about $62,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a $0.1737 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.35%. Macy’s’s dividend payout ratio (DPR) is currently 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.