Macy’s (NYSE:M) Issues Earnings Results

Macy’s (NYSE:M) posted its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.22, Zacks reports. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. Macy’s updated its FY 2025 guidance to 2.000-2.20 EPS.

Macy’s Stock Performance

Shares of NYSE:M opened at $22.29 on Friday. The company’s 50 day simple moving average is $19.47 and its 200 day simple moving average is $15.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.35. Macy’s has a 1 year low of $9.76 and a 1 year high of $23.27. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 13.19 and a beta of 1.44.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be paid a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th. Macy’s’s dividend payout ratio (DPR) is 41.71%.

Insider Buying and Selling at Macy’s

In related news, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the transaction, the senior vice president directly owned 23,379 shares in the company, valued at $403,521.54. This represents a 35.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the completion of the transaction, the executive vice president directly owned 136,161 shares of the company’s stock, valued at approximately $2,416,857.75. The trade was a 42.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of M. Raymond James Financial Inc. lifted its stake in shares of Macy’s by 4.5% in the 2nd quarter. Raymond James Financial Inc. now owns 23,949 shares of the company’s stock valued at $279,000 after acquiring an additional 1,040 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Macy’s in the 2nd quarter worth about $928,000. Treasurer of the State of North Carolina raised its position in Macy’s by 3.3% in the second quarter. Treasurer of the State of North Carolina now owns 129,432 shares of the company’s stock valued at $1,509,000 after purchasing an additional 4,128 shares during the last quarter. Sei Investments Co. raised its position in Macy’s by 32.1% in the second quarter. Sei Investments Co. now owns 29,546 shares of the company’s stock valued at $344,000 after purchasing an additional 7,181 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Macy’s by 0.5% during the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after purchasing an additional 45,997 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group set a $21.00 price target on shares of Macy’s in a research report on Thursday. BTIG Research began coverage on shares of Macy’s in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Barclays lifted their price target on shares of Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, September 4th. Citigroup lifted their price target on shares of Macy’s from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Jefferies Financial Group increased their price target on Macy’s from $18.50 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.25.

Macy’s Company Profile

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.