Research Analysts Offer Predictions for Macy’s Q2 Earnings

Macy’s, Inc. (NYSE:M) – Analysts at Zacks Research reduced their Q2 2026 EPS estimates for Macy’s in a research report issued to clients and investors on Thursday, March 20th. Zacks Research analyst S. Singh now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their prior forecast of $0.41. The consensus estimate for Macy’s’ current full-year earnings is $2.39 per share. Zacks Research also issued estimates for Macy’s’ Q2 2027 earnings at $0.36 EPS.

Several other equities research analysts have also commented on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. Morgan Stanley set a $14.00 price objective on shares of Macy’s in a research report on Monday, March 10th. Benchmark upgraded shares of Macy’s to a “strong-buy” rating in a report on Monday, February 3rd. UBS Group lowered their price objective on shares of Macy’s from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 7th. Finally, Telsey Advisory Group set a $15.00 price objective on shares of Macy’s in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.30.

Macy’s Stock Up 5.1 %

Shares of NYSE:M opened at $13.91 on Monday. Macy’s has a 12-month low of $12.60 and a 12-month high of $20.71. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 23.58 and a beta of 2.07. The stock has a fifty day simple moving average of $14.44 and a two-hundred day simple moving average of $15.32. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67.

Macy’s (NYSE:M) last announced its quarterly earnings results on Thursday, March 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.25. The business had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.76 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%.

Macy’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a yield of 5.24%. This is a positive change from Macy’s’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. Macy’s’s dividend payout ratio (DPR) is 35.44%.

Institutional Investors Weigh In On Macy’s

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Macy’s by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,751,211 shares of the company’s stock worth $266,666,000 after purchasing an additional 1,149,454 shares during the last quarter. Cooper Creek Partners Management LLC lifted its stake in Macy’s by 26.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 7,838,240 shares of the company’s stock worth $132,701,000 after acquiring an additional 1,627,572 shares in the last quarter. FMR LLC increased its stake in Macy’s by 59.9% during the 4th quarter. FMR LLC now owns 7,503,742 shares of the company’s stock worth $127,038,000 after buying an additional 2,812,151 shares during the period. American Century Companies Inc. grew its stake in Macy’s by 12.2% during the 4th quarter. American Century Companies Inc. now owns 7,137,132 shares of the company’s stock worth $120,832,000 after purchasing an additional 774,693 shares in the last quarter. Finally, Norges Bank purchased a new position in Macy’s in the fourth quarter worth approximately $96,689,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.