New Partnerships And Fulfillment Upgrades Will Drive Improved Margins And Retail Performance

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

30 Aug 24

Updated

11 Dec 25

Views

181

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

37.8%

7D

-3.7%

Loading

1Y

37.8%

7D

-3.7%

You can edit this narrative until Dec 12 1:05 PM. Then, changes will post as Updates.

Author's Valuation

US$21.75.8% overvalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

Fair value Increased 25%

M: Improving Outlook And Store Investments Will Offset Ongoing Revenue Pressures

Analysts have raised their price target on Macy's by approximately 25 percent to around $21.70 per share, citing a slightly lower perceived risk profile, moderating revenue declines, and expectations for a higher future earnings multiple despite marginally softer profit margins. What's in the News Macy's tightened its fourth quarter 2025 outlook, guiding net sales to approximately $7.35 billion to $7.5 billion (corporate guidance).

Shared on 27 Nov 25

Fair value Increased 4.38%

M: Modest Earnings Outlook And Shrinking Sales Will Weigh On Performance

Analysts have slightly increased their price target for Macy's, raising it from $16.59 to $17.32 per share. They cite modest improvements in the company’s discount rate and future earnings expectations as the reason for this adjustment.

Shared on 10 Nov 25

Fair value Increased 2.89%

M: Rising Costs And Slowing Retail Demand Will Challenge Performance

Analysts have raised their price target for Macy's from $16.13 to $16.59 per share. They cite slight adjustments in discount rate and forward price-to-earnings forecasts, which reflect cautious optimism about the retailer's outlook.

Shared on 27 Oct 25

Fair value Increased 2.11%

Analysts have nudged Macy's fair value estimate upward from $15.79 to $16.13 per share. This change reflects subtle improvements in expected profit margins and a modest reduction in the discount rate used in their models.

Shared on 19 Sep 25

Fair value Increased 6.90%

Upward revisions to Macy’s analyst price target reflect a combination of less negative revenue growth forecasts and a lower discount rate, resulting in an increased fair value estimate from $14.77 to $15.79. What's in the News Macy's provided third quarter 2025 net sales guidance of $4.5 billion to $4.6 billion.

Shared on 04 Sep 25

With both revenue growth forecasts and future P/E stable, analyst sentiment on Macy’s has remained unchanged, leaving the consensus price target steady at $14.77. What's in the News Macy's raised full-year 2025 net sales guidance to $21.15–$21.45 billion from previous $21.0–$21.4 billion.

Shared on 07 May 25

Fair value Increased 7.28%

Shared on 30 Apr 25

Fair value Decreased 1.15%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 4.59%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 0.61%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 2.39%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 3.03%

AnalystConsensusTarget has decreased profit margin from 4.5% to 4.0%.

Shared on 19 Mar 25

Fair value Increased 13%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 4.23%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

US$21.7

5.8% overvalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

-4.66%

General Merchandise and Department Stores revenue growth rate

0.41%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

10.74%

Calculation

US$639.82m

Earnings '28

x

10.63x

PE Ratio '28

=

US$6.80b

Market Cap '28

US$6.80b

Market Cap '28

/

230.09m

No. shares '28

=

US$29.56

Share Price '28

US$29.56 Share Price '28

Discounted to 2025 @ 10.87% p.a.

=

US$21.69

Fair Value '25