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

Macy's (NYSE:M - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.000-2.20 for the period, compared to the consensus estimate of 2.000. The company issued revenue guidance of $21.5 billion-$21.6 billion, compared to the consensus revenue estimate of $21.4 billion.

Analyst Ratings Changes

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Several analysts recently issued reports on M shares. Citigroup boosted their price target on Macy's from $16.00 to $19.00 and gave the company a "neutral" rating in a research note on Wednesday, November 19th. BTIG Research started coverage on shares of Macy's in a research report on Tuesday, October 14th. They set a "neutral" rating on the stock. Morgan Stanley raised their target price on shares of Macy's from $12.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, September 18th. Zacks Research upgraded shares of Macy's from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Macy's in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Macy's presently has a consensus rating of "Hold" and a consensus price target of $16.30.

Get Our Latest Stock Analysis on M

Macy's Stock Performance

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M stock opened at $22.71 on Wednesday. The firm has a market cap of $6.10 billion, a PE ratio of 12.97 and a beta of 1.83. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $19.27 and a 200-day moving average price of $15.26. Macy's has a 1-year low of $9.76 and a 1-year high of $23.15.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.22. Macy's had a return on equity of 15.39% and a net margin of 2.18%.The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the firm earned $0.04 earnings per share. Macy's has set its FY 2025 guidance at 2.000-2.20 EPS. As a group, equities research analysts expect that Macy's will post 2.39 earnings per share for the current year.

Macy's Announces Dividend

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The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be issued a $0.1824 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.73 annualized dividend and a yield of 3.2%. Macy's's dividend payout ratio is presently 41.71%.

Insiders Place Their Bets

In related news, EVP Danielle L. Kirgan sold 100,000 shares of Macy's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the completion of the sale, the executive vice president owned 286,161 shares of the company's stock, valued at approximately $4,950,585.30. This trade represents a 25.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Paul Griscom sold 12,843 shares of Macy's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the transaction, the senior vice president owned 23,379 shares of the company's stock, valued at $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 212,843 shares of company stock worth $3,726,670. 1.09% of the stock is owned by company insiders.

Institutional Trading of Macy's

Several institutional investors have recently made changes to their positions in M. Vestcor Inc bought a new stake in Macy's in the 3rd quarter worth about $118,000. Advisory Services Network LLC purchased a new position in Macy's in the third quarter worth $138,000. NorthRock Partners LLC purchased a new stake in shares of Macy's during the 3rd quarter valued at $186,000. Employees Retirement System of Texas bought a new stake in shares of Macy's during the 3rd quarter worth $189,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Macy's during the third quarter worth about $206,000. 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.

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