Telsey Advisory Group Raises Macy's Price Target to $21

Telsey Advisory Group has updated its price target for Macy's (NYSE:M) from the previous figure of $15.00 to the new target of $21.00. This adjustment came to light on Wednesday and indicates a possible 20.41% increase from the retailer's last recorded stock price. The investment firm maintains a 'market perform' rating for Macy's stock. Additionally, Telsey Advisory Group has predicted earnings for Macy's, projecting $0.28 per share for the second quarter of 2025 and annual earnings of $2.71 per share for fiscal year 2026.

Other Analysts' Views on Macy's

Macy's has also been featured in reports from other financial analysts. JPMorgan Chase & Co. raised their price goal for Macy's from $16.00 to $19.00, endorsing the stock with an 'overweight' rating. On the other hand, Evercore ISI began covering Macy's, giving it an 'inline' rating and a price target of $13.00. Moreover, Citigroup shifted their stance on Macy's from 'sell' to 'neutral,' lifting their price objective from $14.00 to $18.00. Overall, Macy's has received a mix of ratings from various analysts, including sell, hold, and buy recommendations, with an average consensus price target of $17.17 based on MarketBeat's data.

Recent Performance and Valuation Metrics

Macy's stock opened at $17.44 on the date of the announcement. The retailer shows a 50-day simple moving average of $18.98 and a more long-term 200-day simple moving average of $15.30. Macy's has experienced fluctuations within a 52-week range, hitting a low of $10.54 and peaking at $23.19. Its market capitalization stands at $4.78 billion, with a price-to-earnings (PE) ratio of 47.14 and a beta coefficient of 2.16, suggesting comparative volatility in the stock's price movements. The firm's debt-to-equity ratio reads as 0.72, with liquidity ratios of 0.17 for the quick ratio and 1.37 for the current ratio.

The last quarterly earnings report from Macy's showed a surprising performance with earnings of $2.45 per share, surpassing the consensus estimate by $0.47. While the net margin was noted at 0.45% and the return on equity was a strong 23.34%, revenue for the quarter was slightly lower by 1.7% year over year, totaling $8.12 billion. The street anticipates that Macy's will declare an earnings per share of $2.63 for the ongoing fiscal year.

Involvement of Institutional Investors

Recent activities by institutional investors and hedge funds reflect growing interest or adjustments in investments in Macy's. Mitsubishi UFJ Trust & Banking Corp, for example, expanded its Macy's holdings by 15.7%, taking the value to approximately $6.32 million. Cartenna Capital LP initiated a new position valued at around $8 million. Rafferty Asset Management LLC and Versor Investments LP also adjusted their Macy's stakes, while Barclays PLC significantly increased its shareholdings by 140%, now owning stock worth over $29 million. Altogether, hedge funds and institutional investors hold 82.69% of the company’s stock.

About Macy's

Macy's, Inc is an omni-channel retail corporation with a presence across physical stores, websites, and mobile apps within the United States. It offers a broad array of products including clothing for all genders and ages, accessories, beauty products, home goods, and more. The company operates under the Macy's, Bloomingdale's, and bluemercury brands.

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