Analysts Set Expectations for Macy's' Q2 Earnings (NYSE:M)

Macy's, Inc. (NYSE:M - Free Report) - Stock analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Macy's in a research report issued on Thursday, March 20th. Zacks Research analyst S. Singh now forecasts that the company will post earnings of $0.33 per share for the quarter, down from their previous 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.

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

Other analysts also recently issued research reports about the stock. Gordon Haskett downgraded shares of Macy's from an "accumulate" rating to a "hold" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. downgraded shares of Macy's from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $19.00 to $14.00 in a research note on Thursday, March 6th. Telsey Advisory Group set a $15.00 price objective on Macy's in a report on Friday, March 7th. UBS Group lowered their price objective on 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, Cowen reaffirmed a "hold" rating on shares of Macy's in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $15.30.

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Macy's Price Performance

Shares of M traded down $0.27 during mid-day trading on Monday, hitting $13.68. 2,443,347 shares of the company were exchanged, compared to its average volume of 5,991,179. Macy's has a 1-year low of $12.60 and a 1-year high of $20.71. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 1.26. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 23.16 and a beta of 2.07. The company has a 50 day moving average of $14.44 and a 200-day moving average of $15.32.

Macy's Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.1824 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.73 dividend on an annualized basis and a yield of 5.34%. This is a positive change from Macy's's previous quarterly dividend of $0.17. Macy's's payout ratio is currently 35.44%.

Hedge Funds Weigh In On Macy's

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

About Macy's

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.