Macy's (M) Expected to Post Quarterly Earnings on Thursday

Key Points

• Macy’s is expected to report Q2 2026 results before markets open Thursday, September 10. Analysts forecast earnings of approximately $0.37 per share on $4.80 billion in revenue.
• In its previous quarter, Macy’s earned $0.13 per share—well above the $0.02 consensus estimate—and posted $4.89 billion in revenue, up 1.8% year over year.
• The company declared a quarterly dividend of $0.1915 per share, equivalent to an annualized $0.77 payout and a 3.4% yield. Wall Street’s consensus rating remains Hold, with an average price target of $22.

Macy's (NYSE:M - Get Free Report) is expected to be releasing its Q2 2026 results before the market opens on Thursday, September 10th. Analysts expect Macy's to announce earnings of $0.3672 per share and revenue of $4.7997 billion for the quarter. Individuals may review the information on the company's upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, September 10, 2026 at 8:00 AM ET.

Macy's (NYSE:M - Get Free Report) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. Macy's had a net margin of 2.94% and a return on equity of 13.68%. Macy's's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. 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 Trading Up 2.0%

Shares of M stock opened at $22.37 on Thursday. Macy's has a 52-week low of $15.30 and a 52-week high of $26.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 9.24 and a beta of 1.41. The firm has a fifty day moving average of $23.76 and a 200-day moving average of $21.42.

Macy's Dividend Announcement

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 3.4%. Macy's's payout ratio is 31.82%.

Insider Transactions at Macy's

In other news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm's stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the sale, the executive vice president directly owned 20,000 shares in the company, valued at approximately $497,800. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of Macy's stock in a transaction on Thursday, June 25th. The stock was 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 approximately $650,309.99. This represents a 28.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.05% of the company's stock.

Institutional Investors Weigh In On Macy's

A number of institutional investors have recently made changes to their positions in M. CIBC Private Wealth Group LLC increased its stake in Macy's by 35.9% in the 4th 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 period. Smartleaf Asset Management LLC increased its stake in shares of Macy's by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company's stock worth $34,000 after purchasing an additional 526 shares in the last quarter. Parallel Advisors LLC increased its position in Macy's by 8.2% during the fourth quarter. Parallel Advisors LLC now owns 9,213 shares of the company's stock worth $203,000 after buying an additional 699 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Macy's by 4.2% in the 3rd quarter. Private Advisor Group LLC now owns 18,444 shares of the company's stock valued at $331,000 after purchasing an additional 750 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Macy's by 31.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company's stock worth $78,000 after acquiring an additional 851 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

M has been the topic of a number of recent research reports. Wall Street Zen downgraded Macy's from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 2nd. Morgan Stanley reissued an "overweight" rating and issued a $30.00 target price on shares of Macy's in a research note on Monday, July 6th. TD Cowen lifted their price target on shares of Macy's from $20.00 to $25.00 and gave the company a "hold" rating in a research note on Monday, June 22nd. Weiss Ratings upgraded Macy's from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Finally, Zacks Research upgraded shares of Macy's from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.00.

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.

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