Macy's(US:M) Yahoo Finance·2026-01-16 15:26Group 1 - Macy's, Inc. is recognized as one of the best performing affordable stocks under $40, with a Buy rating reiterated by Benchmark Co. and a Hold rating maintained by Evercore ISI, which raised the price target from $14 to $21 [1][2] - The company's fiscal Q3 2026 earnings report revealed a slight revenue decline of 0.61% year-over-year to $4.71 billion, but it exceeded estimates by $154.53 million, with an EPS of $0.09 surpassing estimates by $0.22 [2] - Management indicated that net sales exceeded guidance, and the third quarter sales were the strongest in 13 quarters, attributed to the company's new strategic initiatives [2] Group 2 - Evercore ISI described the quarter as robust but expressed disappointment regarding Macy's fourth quarter same-store sales target, expecting a decline of -2.5% to flat growth [3] - The firm believes Macy's needs to achieve at least 2% to 3% same-store sales growth as it implements its Reimagine 125 initiatives in 2026 and beyond [3] - Macy's operates as an omnichannel retail store managing three brands: Macy's, Bloomingdale's, and Bluemercury, offering a variety of merchandise including accessories, apparel, consumer goods, and home furnishings [4]