FY2026 Earnings Forecast for Macy's Issued By Zacks Research

Key Points

• Zacks Research has revised its FY2026 earnings per share estimate for Macy's from $1.80 to $1.97, while the current consensus estimate stands at $2.39 per share.
• Macy's has recently experienced a number of target price upgrades from various analysts, with UBS raising their target from $6.00 to $6.50 and Jefferies Financial Group increasing theirs from $14.50 to $18.50.
• The company declared a quarterly dividend of $0.1824 to be paid on October 1st, reflecting an annualized dividend of $0.73 and a yield of 4.2%.

Macy's, Inc. (NYSE:M - Free Report) - Equities research analysts at Zacks Research upped their FY2026 earnings estimates for shares of Macy's in a research note issued on Wednesday, September 17th. Zacks Research analyst Team now expects that the company will earn $1.97 per share for the year, up from their prior estimate of $1.80. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Macy's' current full-year earnings is $2.39 per share. Zacks Research also issued estimates for Macy's' Q4 2026 earnings at $1.56 EPS, Q4 2027 earnings at $1.57 EPS, FY2027 earnings at $2.01 EPS and FY2028 earnings at $2.07 EPS.

Several other analysts also recently issued reports on the stock. Citigroup increased their price objective on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. Jefferies Financial Group increased their price objective on shares of Macy's from $14.50 to $18.50 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. UBS Group increased their price objective on shares of Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. increased their price objective on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Morgan Stanley increased their price objective on shares of Macy's from $12.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Macy's has a consensus rating of "Hold" and an average price target of $15.25.

Macy's Trading Down 3.2%

NYSE M traded down $0.57 during mid-day trading on Thursday, hitting $16.99. The company's stock had a trading volume of 5,520,547 shares, compared to its average volume of 7,732,256. Macy's has a 52-week low of $9.76 and a 52-week high of $18.13. The stock's fifty day simple moving average is $13.94 and its two-hundred day simple moving average is $12.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The firm has a market capitalization of $4.56 billion, a P/E ratio of 9.72 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.22. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. Macy's had a net margin of 2.18% and a return on equity of 15.39%. The firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS.

Macy's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.1824 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.3%. Macy's's dividend payout ratio is currently 41.71%.

Insider Transactions at Macy's

In other Macy's news, EVP Danielle L. Kirgan sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $17.30, for a total value of $1,730,000.00. Following the sale, the executive vice president owned 286,161 shares of the company's stock, valued at $4,950,585.30. This trade represents a 25.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Griscom sold 12,843 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the sale, the senior vice president directly owned 23,379 shares in the company, valued at $403,521.54. This trade represents a 35.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,843 shares of company stock worth $3,726,670. 2.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Macy's

Several institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP increased its stake in shares of Macy's by 0.9% in the 4th quarter. Quantinno Capital Management LP now owns 102,538 shares of the company's stock valued at $1,736,000 after buying an additional 872 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Macy's by 3.6% during the second quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company's stock worth $307,000 after purchasing an additional 907 shares during the period. ProShare Advisors LLC grew its stake in shares of Macy's by 7.7% during the fourth quarter. ProShare Advisors LLC now owns 12,978 shares of the company's stock worth $220,000 after purchasing an additional 924 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Macy's by 0.5% during the first quarter. Crossmark Global Holdings Inc. now owns 205,492 shares of the company's stock worth $2,581,000 after purchasing an additional 959 shares during the period. Finally, Factorial Partners LLC grew its stake in shares of Macy's by 0.9% during the first quarter. Factorial Partners LLC now owns 111,000 shares of the company's stock worth $1,394,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 87.36% of the company's stock.

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.