Macy's (M) Projected to Post Earnings on Wednesday

Key Points

• Macy's is slated to announce its Q2 2026 earnings on August 20th, with analysts predicting earnings of $0.18 per share and revenue of $4.69 billion.
• The company reported a decline in quarterly revenue, falling 5.1% year-over-year, and an earnings per share drop from $0.27 to $0.16 in the last report.
• Several analysts have adjusted their ratings and price targets for Macy's, with Goldman Sachs downgrading it from "buy" to "neutral" and setting a price target of $12.00.

Macy's (NYSE:M - Get Free Report) is expected to be issuing its Q2 2026 quarterly earnings data before the market opens on Wednesday, September 3rd. Analysts expect the company to announce earnings of $0.18 per share and revenue of $4.69 billion for the quarter. Macy's has set its FY 2025 guidance at 1.600-2.000 EPS.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Macy's had a return on equity of 16.34% and a net margin of 2.45%. The firm had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $4.38 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The business's revenue was down 5.1% compared to the same quarter last year. On average, analysts expect Macy's to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Macy's Price Performance

Shares of M stock traded down $0.15 during trading hours on Friday, hitting $12.81. The stock had a trading volume of 4,758,822 shares, compared to its average volume of 7,202,525. Macy's has a one year low of $9.76 and a one year high of $18.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.43 and a quick ratio of 0.37. The stock's 50-day moving average price is $12.17 and its two-hundred day moving average price is $12.62. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 6.50 and a beta of 1.79.

Institutional Investors Weigh In On Macy's

A number of institutional investors have recently modified their holdings of the company. Cerity Partners LLC acquired a new position in Macy's during the 2nd quarter worth $161,000. Lazard Asset Management LLC grew its stake in Macy's by 171.5% during the 2nd quarter. Lazard Asset Management LLC now owns 21,012 shares of the company's stock worth $243,000 after purchasing an additional 13,274 shares in the last quarter. Raymond James Financial Inc. grew its stake in Macy's by 4.5% during the 2nd quarter. Raymond James Financial Inc. now owns 23,949 shares of the company's stock worth $279,000 after purchasing an additional 1,040 shares in the last quarter. Cetera Investment Advisers grew its stake in Macy's by 49.6% during the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company's stock worth $283,000 after purchasing an additional 8,053 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Macy's by 32.1% during the 2nd quarter. Sei Investments Co. now owns 29,546 shares of the company's stock worth $344,000 after purchasing an additional 7,181 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

M has been the topic of a number of analyst reports. Telsey Advisory Group cut their target price on Macy's from $15.00 to $14.00 and set a "market perform" rating on the stock in a research note on Thursday, May 29th. Barclays initiated coverage on Macy's in a research note on Monday, April 28th. They set a "cautious" rating and a $12.00 target price on the stock. Morgan Stanley reaffirmed a "negative" rating on shares of Macy's in a research note on Tuesday, May 6th. Citigroup reiterated a "neutral" rating and issued a $12.00 price target (up previously from $11.00) on shares of Macy's in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. boosted their price target on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Macy's currently has a consensus rating of "Hold" and an average target price of $13.22.

Macy's Company Profile

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.