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Mar 19, 2026 12:01 PM

Macy's Focuses On Luxury Expansion, Asset Sales Amid Retail Shift

While Macy’s Inc (NYSE:M) reported upbeat fourth-quarter results, its outlook reflects flexibility due to uncertainty, according to Telsey Advisory Group.

The Macy’s Analyst: Analyst Dana Telsey reiterated a Market Perform rating, while reducing the price target from $25 to $20.

The Macy’s Thesis: The company reported a strong earnings beat, with sales, gross margin, and operating expense deleverage coming in better than consensus estimates, Telsey said in the note.

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The fourth-quarter momentum has continued so far in the first quarter, she added.

Management announced ...