Equities Analysts Offer Predictions for Macy’s Q2 Earnings

Macy’s, Inc. (NYSE:M) – Equities researchers at Zacks Research reduced their Q2 2027 earnings per share estimates for shares of Macy’s in a note issued to investors on Wednesday, June 17th. Zacks Research analyst Team now anticipates that the company will earn $0.34 per share for the quarter, down from their prior forecast of $0.39. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Macy’s’ current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Macy’s’ Q4 2027 earnings at $1.77 EPS, FY2027 earnings at $2.13 EPS, Q2 2028 earnings at $0.35 EPS, Q4 2028 earnings at $1.92 EPS, FY2028 earnings at $2.25 EPS and FY2029 earnings at $2.36 EPS.

A number of other brokerages have also recently commented on M. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Evercore set a $22.00 target price on Macy’s in a report on Thursday, June 4th. JPMorgan Chase & Co. increased their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Finally, UBS Group reiterated a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Macy’s has a consensus rating of “Reduce” and an average price target of $20.30.

Macy’s Stock Performance

M opened at $23.96 on Thursday. The stock has a market cap of $6.30 billion, a P/E ratio of 9.90 and a beta of 1.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The stock’s 50 day simple moving average is $20.57 and its 200 day simple moving average is $20.76. Macy’s has a 1-year low of $10.54 and a 1-year high of $25.65.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. 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.

Institutional Trading of Macy’s

Hedge funds and other institutional investors have recently modified their holdings of the business. Strengthening Families & Communities LLC purchased a new stake in shares of Macy’s during the fourth quarter worth about $28,000. V Square Quantitative Management LLC bought a new stake in Macy’s in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC increased its holdings in Macy’s by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after buying an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after buying an additional 486 shares during the last quarter. Finally, CoreCap Advisors LLC increased its holdings in Macy’s by 7,265.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after buying an additional 2,325 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Macy’s

In related news, EVP Tracy M. Preston sold 5,271 shares of Macy’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $94,456.32. Following the transaction, the executive vice president owned 28,773 shares in the company, valued at approximately $515,612.16. This trade represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $896,788.48. Following the completion of the transaction, the chief executive officer owned 485,791 shares in the company, valued at $8,705,374.72. The trade was a 9.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 94,967 shares of company stock worth $1,705,276 over the last ninety days. 1.05% of the stock is owned by insiders.

Macy’s Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.2%. Macy’s’s dividend payout ratio (DPR) is presently 31.82%.

About Macy’s

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.