Brokers Offer Predictions for Macy's' Q2 Earnings (NYSE:M)

Macy's, Inc. (NYSE:M - Free Report) - Stock analysts at Zacks Research decreased their Q2 2026 earnings estimates for shares of Macy's in a research report issued to clients and investors on Wednesday, June 11th. Zacks Research analyst S. Singh now expects that the company will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.33. The consensus estimate for Macy's' current full-year earnings is $2.39 per share. Zacks Research also issued estimates for Macy's' Q3 2026 earnings at ($0.22) EPS, Q4 2026 earnings at $1.68 EPS, FY2026 earnings at $1.80 EPS, Q1 2027 earnings at $0.17 EPS, Q2 2027 earnings at $0.18 EPS, Q3 2027 earnings at ($0.20) EPS, Q4 2027 earnings at $1.70 EPS, FY2027 earnings at $1.85 EPS and FY2028 earnings at $1.92 EPS.

Macy's (NYSE:M - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same period last year, the firm earned $0.27 earnings per share. The company's revenue was down 5.1% on a year-over-year basis.

M has been the topic of several other reports. UBS Group dropped their price target on Macy's from $9.00 to $8.00 and set a "sell" rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group dropped their target price on shares of Macy's from $15.00 to $14.00 and set a "market perform" rating on the stock in a report on Thursday, May 29th. Gordon Haskett lowered shares of Macy's from an "accumulate" rating to a "hold" rating in a report on Thursday, March 6th. Morgan Stanley reiterated a "negative" rating on shares of Macy's in a research note on Tuesday, May 6th. Finally, Citigroup restated a "neutral" rating and issued a $12.00 target price (up from $11.00) on shares of Macy's in a research note on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.20.

Macy's Stock Up 5.6%

NYSE M traded up $0.63 on Monday, hitting $11.87. 7,992,544 shares of the stock traded hands, compared to its average volume of 7,149,371. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average of $11.63 and a 200 day moving average of $13.76. Macy's has a twelve month low of $9.76 and a twelve month high of $20.47. The company has a market capitalization of $3.22 billion, a P/E ratio of 20.12 and a beta of 1.74.

Macy's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.1824 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.73 dividend on an annualized basis and a yield of 6.15%. Macy's's dividend payout ratio (DPR) is presently 37.06%.

Insider Transactions at Macy's

In other news, EVP Adrian V. Mitchell sold 3,489 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $13.74, for a total value of $47,938.86. Following the sale, the executive vice president now owns 116,165 shares of the company's stock, valued at approximately $1,596,107.10. The trade was a 2.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Antony Spring sold 20,868 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $12.68, for a total value of $264,606.24. Following the completion of the sale, the chief executive officer now owns 321,244 shares of the company's stock, valued at approximately $4,073,373.92. This trade represents a 6.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,751 shares of company stock valued at $537,790. 1.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Macy's

Several hedge funds and other institutional investors have recently bought and sold shares of M. Savant Capital LLC raised its position in shares of Macy's by 28.6% during the fourth quarter. Savant Capital LLC now owns 17,921 shares of the company's stock worth $303,000 after purchasing an additional 3,985 shares during the period. New York State Teachers Retirement System raised its holdings in Macy's by 2.0% during the 4th quarter. New York State Teachers Retirement System now owns 321,508 shares of the company's stock worth $5,443,000 after buying an additional 6,349 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in Macy's by 10.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 138,650 shares of the company's stock valued at $2,347,000 after buying an additional 12,789 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Macy's in the fourth quarter worth about $38,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Macy's in the fourth quarter worth approximately $221,000. 87.36% of the stock is currently owned by institutional investors.

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.