Macy's Shares Decline Ahead of Earnings Report Despite Analyst Target Boost
Shares of Macy's Inc. (NYSE:M) experienced a notable decline, closing at $19.15, a 4.2% drop. The downturn occurred even as Citigroup adjusted its rating on the department store chain to Neutral and raised its price target to $19 from $16. The stock's fall was more pronounced than the broader market, which saw the S&P 500, Dow, and Nasdaq fall by 0.92%, 1.18%, and 0.84%, respectively.
Despite the recent daily drop, Macy's shares have risen by 12.18% over the past month, outperforming the Retail-Wholesale sector's 0.48% gain and the S&P 500's 1.48% increase. In more recent trading, the stock is priced at $19.51, a daily increase of 1.88%. The stock has seen a daily range between $19 and $19.68, and a 52-week range between $9.76 and $21.25.
Investors are looking ahead to the company's upcoming earnings report, scheduled for December 3, 2025. The company is expected to report an earnings per share (EPS) of -$0.14, which represents a 450% decrease from the same quarter last year. The consensus estimate for quarterly revenue is $4.59 billion, a 3.25% decline from the prior-year period. For the full year, Zacks Consensus Estimates project earnings of $2 per share.
Macy's current market capitalization stands at approximately $5.24 billion, with a trading volume of 4,723,131 shares. For further information on the company, see its history and ownership, mission and vision, financial health, and investor profile.
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