Brokers Set Expectations for Macy's, Inc.'s Q3 2025 Earnings (NYSE:M)

Macy's, Inc. (NYSE:M - Free Report) - Zacks Research decreased their Q3 2025 earnings estimates for shares of Macy's in a research report issued to clients and investors on Wednesday, September 4th. Zacks Research analyst S. Singh now expects that the company will earn $0.00 per share for the quarter, down from their prior forecast of $0.01. The consensus estimate for Macy's' current full-year earnings is $2.73 per share. Zacks Research also issued estimates for Macy's' Q4 2025 earnings at $1.90 EPS, FY2025 earnings at $2.70 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.42 EPS, Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $1.93 EPS, FY2026 earnings at $2.70 EPS, Q2 2027 earnings at $0.45 EPS and FY2027 earnings at $2.82 EPS.

M has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on Macy's from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, May 22nd. Telsey Advisory Group reiterated a "market perform" rating and set a $21.00 price target on shares of Macy's in a research report on Wednesday, August 21st. StockNews.com began coverage on Macy's in a research note on Friday, August 30th. They issued a "hold" rating for the company. Evercore ISI cut their price objective on shares of Macy's from $22.00 to $17.00 and set an "in-line" rating on the stock in a research note on Tuesday, July 16th. Finally, Morgan Stanley decreased their target price on shares of Macy's from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $19.50.

Macy's Stock Performance

M traded down $0.26 during trading on Friday, reaching $14.61. 4,869,739 shares of the company were exchanged, compared to its average volume of 6,739,576. Macy's has a 52 week low of $10.54 and a 52 week high of $22.10. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $16.66 and a 200 day moving average of $18.44. The stock has a market cap of $4.04 billion, a P/E ratio of 487.00 and a beta of 2.18.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, August 21st. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.23. Macy's had a net margin of 0.80% and a return on equity of 23.14%. The company had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $5.06 billion. During the same period in the prior year, the company earned $0.26 earnings per share. The firm's revenue was down 3.8% compared to the same quarter last year.

Institutional Trading of Macy's

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its holdings in shares of Macy's by 1,539.5% during the 2nd quarter. Marshall Wace LLP now owns 3,534,952 shares of the company's stock worth $67,871,000 after buying an additional 3,319,337 shares during the period. Norges Bank bought a new stake in shares of Macy's during the 4th quarter worth $62,529,000. Dimensional Fund Advisors LP boosted its holdings in shares of Macy's by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,398,149 shares of the company's stock worth $249,456,000 after buying an additional 1,685,986 shares during the period. Crestline Management LP bought a new stake in shares of Macy's during the 4th quarter worth $32,192,000. Finally, Invenomic Capital Management LP bought a new stake in shares of Macy's during the 4th quarter worth $19,372,000. 87.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Macy's news, CEO Antony Spring sold 18,981 shares of Macy's stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $18.96, for a total transaction of $359,879.76. Following the completion of the sale, the chief executive officer now owns 267,265 shares of the company's stock, valued at approximately $5,067,344.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Danielle L. Kirgan sold 24,147 shares of the firm's stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $18.96, for a total transaction of $457,827.12. Following the transaction, the executive vice president now owns 348,000 shares of the company's stock, valued at $6,598,080. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Antony Spring sold 18,981 shares of the business's stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $18.96, for a total transaction of $359,879.76. Following the completion of the sale, the chief executive officer now directly owns 267,265 shares of the company's stock, valued at $5,067,344.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,665 shares of company stock valued at $842,372. Corporate insiders own 2.77% of the company's stock.

Macy's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.1737 per share. This represents a $0.69 annualized dividend and a yield of 4.76%. The ex-dividend date is Friday, September 13th. Macy's's payout ratio is 2,300.00%.

Macy's Company Profile

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.