Macy’s (NYSE:M) Releases FY 2025 Earnings Guidance

Macy’s (NYSE:M) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.600-2.000 for the period, compared to the consensus estimate of 1.920. The company issued revenue guidance of $21.0 billion-$21.4 billion, compared to the consensus revenue estimate of $21.0 billion.

Analyst Upgrades and Downgrades

M has been the subject of several analyst reports. Benchmark upgraded Macy’s to a “strong-buy” rating in a research report on Monday, February 3rd. Gordon Haskett lowered shares of Macy’s from an “accumulate” rating to a “hold” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their price objective on Macy’s from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. New Street Research set a $13.00 price objective on Macy’s in a research note on Thursday, March 6th. Finally, Barclays initiated coverage on Macy’s in a research note on Monday, April 28th. They set a “cautious” rating and a $12.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Macy’s has a consensus rating of “Hold” and an average price target of $13.20.

Macy’s Trading Down 0.9%

NYSE:M opened at $11.90 on Friday. The company has a market capitalization of $3.31 billion, a PE ratio of 20.16 and a beta of 1.77. Macy’s has a 52-week low of $9.76 and a 52-week high of $20.47. The stock’s 50 day moving average price is $11.73 and its 200 day moving average price is $14.06. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.38 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. On average, research analysts anticipate that Macy’s will post 2.39 EPS for the current year.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.1824 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.13%. Macy’s’s payout ratio is 35.44%.

Insider Buying and Selling

In other Macy’s news, EVP Tracy M. Preston sold 2,780 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $12.68, for a total value of $35,250.40. Following the completion of the transaction, the executive vice president now owns 4,723 shares in the company, valued at approximately $59,887.64. This represents a 37.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Antony Spring sold 20,868 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $12.68, for a total value of $264,606.24. Following the completion of the sale, the chief executive officer now directly owns 321,244 shares of the company’s stock, valued at approximately $4,073,373.92. This trade represents a 6.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,751 shares of company stock valued at $537,790 over the last quarter. 2.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Macy’s

Large investors have recently made changes to their positions in the stock. Focus Partners Wealth boosted its position in Macy’s by 33.1% during the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after purchasing an additional 14,489 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Macy’s by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company’s stock valued at $2,047,000 after buying an additional 45,149 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Macy’s by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock worth $14,019,000 after buying an additional 55,821 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.