Macy’s (NYSE:M) Issues Quarterly Earnings Results

Macy’s (NYSE:M) released its quarterly earnings data on Thursday. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.26, FiscalAI reports. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.81 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%.

Macy’s Trading Down 4.2%

Shares of NYSE:M opened at $21.51 on Thursday. Macy’s has a 1 year low of $16.41 and a 1 year high of $26.58. The firm has a fifty day moving average price of $23.55 and a 200 day moving average price of $21.44. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $5.66 billion, a PE ratio of 8.89 and a beta of 1.41.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1915 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.6%. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Trending Headlines about Macy’s

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

• Positive Sentiment: Macy’s reported adjusted earnings of $0.63 per share, well above the $0.37 analyst consensus, while revenue of $5.06 billion exceeded expectations of $4.81 billion. The company also reported a 2.94% net margin and 13.68% return on equity. Macy’s second-quarter 2026 press release
• Positive Sentiment: The retailer raised its full-year net-sales outlook to $21.68 billion-$21.83 billion, up from its prior forecast of $21.5 billion-$21.75 billion. Macy’s also increased its comparable-sales guidance, indicating that customer demand is holding up better than previously expected. Macy’s raises full-year outlook
• Positive Sentiment: Management said growth continued across all of Macy’s nameplates, while comparable sales increased. The combination of sales momentum, an earnings beat and improved guidance reinforces the view that the company’s turnaround is beginning to take hold. CNBC report on Macy’s second-quarter results
• Neutral Sentiment: Trading activity ahead of the report was unusually bullish, with investors purchasing 16,077 call options—about 39% above average volume. This may amplify short-term volatility but does not by itself change Macy’s underlying business outlook.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on M shares. TD Cowen increased their target price on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, June 22nd. Citigroup upped their price objective on Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Telsey Advisory Group lifted their price target on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Finally, Evercore set a $22.00 target price on Macy’s in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Macy’s has an average rating of “Hold” and an average target price of $22.78.

Insider Activity at Macy’s

In related news, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares in the company, valued at $650,309.99. This trade represents a 28.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas Edwards, Jr. sold 16,419 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the transaction, the executive vice president directly owned 20,000 shares of the company’s stock, valued at approximately $497,800. This represents a 45.08% 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. 1.05% of the stock is currently owned by insiders.

Institutional Trading of Macy’s

Several hedge funds have recently added to or reduced their stakes in M. CIBC Private Wealth Group LLC increased its position in Macy’s by 35.9% during the fourth 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 period. Smartleaf Asset Management LLC lifted its position in Macy’s by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after purchasing an additional 526 shares during the period. Parallel Advisors LLC lifted its position in Macy’s by 8.2% in the fourth quarter. Parallel Advisors LLC now owns 9,213 shares of the company’s stock worth $203,000 after purchasing an additional 699 shares during the period. Private Advisor Group LLC boosted its stake in Macy’s by 4.2% during the third quarter. Private Advisor Group LLC now owns 18,444 shares of the company’s stock worth $331,000 after buying an additional 750 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Macy’s by 31.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company’s stock valued at $78,000 after buying an additional 851 shares in the last quarter. 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.