Equities Analysts Set Expectations for Macy's, Inc.'s Q3 2026 Earnings (NYSE:M)

Macy's, Inc. (NYSE:M - Free Report) - Equities research analysts at Telsey Advisory Group issued their Q3 2026 earnings estimates for shares of Macy's in a report released on Tuesday, May 14th. Telsey Advisory Group analyst D. Telsey forecasts that the company will post earnings of $0.10 per share for the quarter. Telsey Advisory Group currently has a "Market Perform" rating and a $21.00 target price on the stock. The consensus estimate for Macy's' current full-year earnings is $2.55 per share.

M has been the topic of several other research reports. The Goldman Sachs Group boosted their price target on shares of Macy's from $16.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Citigroup upgraded Macy's from a "sell" rating to a "neutral" rating and raised their price target for the stock from $14.00 to $18.00 in a research report on Friday, February 2nd. JPMorgan Chase & Co. increased their target price on shares of Macy's from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, March 18th. StockNews.com began coverage on shares of Macy's in a research note on Friday, May 10th. They set a "hold" rating for the company. Finally, Morgan Stanley decreased their price objective on shares of Macy's from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.45.

Macy's Stock Performance

Shares of NYSE:M traded up $0.25 during trading on Thursday, hitting $19.62. The company's stock had a trading volume of 2,711,888 shares, compared to its average volume of 7,192,353. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.39. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 53.03 and a beta of 2.16. The company has a 50-day moving average of $19.59 and a 200-day moving average of $18.25. Macy's has a 12 month low of $10.54 and a 12 month high of $22.10.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.47. Macy's had a return on equity of 23.34% and a net margin of 0.45%. The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. Macy's's revenue was down 1.7% on a year-over-year basis.

Macy's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.1737 per share. This represents a $0.69 annualized dividend and a yield of 3.54%. Macy's's dividend payout ratio is currently 186.49%.

Insider Buying and Selling at Macy's

In other news, SVP Paul Griscom sold 2,969 shares of Macy's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $20.43, for a total transaction of $60,656.67. Following the completion of the transaction, the senior vice president now directly owns 21,436 shares of the company's stock, valued at approximately $437,937.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Jeffrey Gennette sold 78,567 shares of Macy's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $20.42, for a total value of $1,604,338.14. Following the sale, the director now directly owns 994,301 shares in the company, valued at approximately $20,303,626.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Paul Griscom sold 2,969 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $20.43, for a total value of $60,656.67. Following the transaction, the senior vice president now owns 21,436 shares in the company, valued at $437,937.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,424 shares of company stock worth $4,405,507. Insiders own 2.77% of the company's stock.

Institutional Investors Weigh In On Macy's

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Macy's by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 36,381,604 shares of the company's stock valued at $422,390,000 after buying an additional 2,645,577 shares during the period. Deutsche Bank AG increased its holdings in Macy's by 260.8% during the 3rd quarter. Deutsche Bank AG now owns 2,547,529 shares of the company's stock worth $29,577,000 after purchasing an additional 1,841,432 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Macy's by 15.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 544,534 shares of the company's stock valued at $6,322,000 after purchasing an additional 73,924 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Macy's by 20.8% in the 3rd quarter. American Century Companies Inc. now owns 3,287,930 shares of the company's stock valued at $38,173,000 after buying an additional 565,269 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Macy's during the fourth quarter worth about $6,021,000. 87.36% of the stock is owned by institutional investors and hedge funds.

About Macy's

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.