Macy’s (NYSE:M) Issues Q2 2026 Earnings Guidance

Macy’s (NYSE:M) updated its second quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.290-0.340 for the period, compared to the consensus EPS estimate of 0.350. The company issued revenue guidance of $4.8 billion-$4.8 billion, compared to the consensus revenue estimate of $4.8 billion. Macy’s also updated its FY 2026 guidance to 2.000-2.200 EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Macy’s from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. UBS Group lifted their price target on Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Monday, March 9th. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. TD Cowen dropped their price target on Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $18.90.

Macy’s Price Performance

Macy’s stock opened at $21.76 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.49. The firm has a market cap of $5.74 billion, a P/E ratio of 9.38 and a beta of 1.48. The business’s fifty day moving average is $19.45 and its two-hundred day moving average is $20.53. Macy’s has a 52 week low of $10.54 and a 52 week high of $24.41.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Equities research analysts forecast that Macy’s will post 2.1 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio is currently 33.19%.

Insiders Place Their Bets

In other news, EVP Danielle L. Kirgan sold 10,010 shares of Macy’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $179,379.20. Following the transaction, the executive vice president owned 108,008 shares in the company, valued at $1,935,503.36. The trade was a 8.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of Macy’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $896,788.48. Following the transaction, the chief executive officer owned 485,791 shares in the company, valued at $8,705,374.72. This trade represents a 9.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 94,967 shares of company stock worth $1,705,276. Company insiders own 1.05% of the company’s stock.

Key Stories Impacting Macy’s

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s reported adjusted EPS of $0.13, well above expectations, and revenue of $4.89 billion, also ahead of estimates, signaling better-than-expected quarterly execution. Macy’s, Inc. Reports Strong First Quarter 2026 Results and Raises Full-Year Outlook
• Positive Sentiment: Comparable sales rose 3%, the strongest first-quarter growth in four years, with luxury banners like Bloomingdale’s and premium product sales helping drive momentum. Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
• Positive Sentiment: The company raised its full-year outlook, reinforcing confidence that its “Bold New Chapter” turnaround plan is taking hold and that store refreshes are improving traffic and sales. Macy’s Lifts Outlook as Turnaround Continues Taking Hold
• Positive Sentiment: Berkshire Hathaway disclosed a new stake in Macy’s, which may be boosting investor sentiment by signaling confidence from a well-known value investor. Why Berkshire Hathaway Went Window-Shopping at Macy’s
• Neutral Sentiment: Analysts and media coverage are also highlighting that the stock’s move reflects renewed optimism around management’s store-experience improvements and shrinking competition, rather than a single one-day catalyst. Why Macy’s Stock Jumped 11% in May

Hedge Funds Weigh In On Macy’s

Several institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in shares of Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after buying an additional 526 shares during the period. CIBC Private Wealth Group LLC boosted its position in Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after acquiring an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Macy’s during the 4th quarter worth approximately $54,000. Northwestern Mutual Wealth Management Co. boosted its position in Macy’s by 31.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company’s stock worth $78,000 after acquiring an additional 851 shares during the last quarter. Finally, Vestcor Inc acquired a new position in Macy’s during the 3rd quarter worth approximately $118,000. Institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.