Zacks Research Estimates Macy’s’ FY2025 Earnings (NYSE:M)

Macy’s, Inc. (NYSE:M) – Zacks Research lowered their FY2025 earnings per share estimates for Macy’s in a research note issued on Tuesday, December 10th. Zacks Research analyst S. Singh now expects that the company will post earnings per share of $2.66 for the year, down from their prior estimate of $2.71. The consensus estimate for Macy’s’ current full-year earnings is $2.38 per share.

Macy’s (NYSE:M) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share.

Other equities analysts also recently issued reports about the company. UBS Group decreased their target price on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research note on Thursday. Morgan Stanley decreased their target price on Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday. StockNews.com upgraded Macy’s from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Guggenheim restated a “neutral” rating on shares of Macy’s in a research note on Thursday. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $17.00 target price on shares of Macy’s in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Macy’s currently has a consensus rating of “Hold” and a consensus target price of $18.38.

Macy’s Stock Performance

Shares of M stock opened at $16.30 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average of $15.77 and a two-hundred day moving average of $16.53. Macy’s has a 52 week low of $14.06 and a 52 week high of $22.10. The company has a market cap of $4.52 billion, a P/E ratio of 27.62 and a beta of 2.10.

Institutional Investors Weigh In On Macy’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Macy’s by 7.7% during the second quarter. CWM LLC now owns 8,398 shares of the company’s stock worth $161,000 after purchasing an additional 598 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Macy’s by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 44,321 shares of the company’s stock valued at $851,000 after buying an additional 761 shares in the last quarter. United Services Automobile Association increased its holdings in shares of Macy’s by 4.8% in the second quarter. United Services Automobile Association now owns 22,038 shares of the company’s stock valued at $423,000 after buying an additional 1,012 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Macy’s by 2.5% in the second quarter. Federated Hermes Inc. now owns 44,337 shares of the company’s stock valued at $851,000 after buying an additional 1,095 shares in the last quarter. Finally, Affinity Capital Advisors LLC increased its holdings in shares of Macy’s by 11.5% in the third quarter. Affinity Capital Advisors LLC now owns 12,116 shares of the company’s stock valued at $190,000 after buying an additional 1,248 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.1737 per share. 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 4.26%. Macy’s’s dividend payout ratio (DPR) is presently 116.95%.

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.