Telsey Highlights Robust Earnings Beat for Macy’s (M) Shares

Group 1 - Macy's Inc. ranks among the best performing retail stocks in 2025, with Telsey Advisory Group raising its price target to $22 from $17 while maintaining a Market Perform rating [1] - The company's second-quarter net sales reached $4.8 billion, exceeding guidance, and adjusted earnings per share were $0.41, also surpassing expectations [2] - Comparable sales increased across all banners, marking the strongest rise in 12 quarters, with Bluemercury achieving its 18th consecutive quarter of growth [2] Group 2 - Macy's is implementing its Bold New Chapter strategy, which includes closing 150 underperforming locations, increasing its luxury presence by 20%, and aiming for $600-750 million in asset monetization over the next three years [2] - The company operates three brands: Macy's, Bloomingdale's, and Bluemercury, offering a wide range of merchandise including accessories, apparel, consumer goods, and home furnishings [3] - Despite the positive performance, Telsey notes that there is no short-term outlook for increased sales and profitability [3]