What is Zacks Research's Forecast for Macy's Q2 Earnings?

Macy's, Inc. (NYSE:M - Free Report) - Stock analysts at Zacks Research reduced their Q2 2026 earnings per share estimates for shares of Macy's in a report issued on Wednesday, June 11th. Zacks Research analyst S. Singh now anticipates 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.

Several other brokerages have also recently issued reports on M. Gordon Haskett cut Macy's from an "accumulate" rating to a "hold" rating in a research report on Thursday, March 6th. The Goldman Sachs Group cut Macy's from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $17.00 to $12.00 in a research note on Tuesday, April 22nd. New Street Research set a $13.00 price objective on Macy's in a research 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, JPMorgan Chase & Co. decreased their price target on shares of Macy's from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.20.

Macy's Stock Down 2.3%

Shares of Macy's stock traded down $0.26 during trading on Monday, hitting $11.07. 7,296,564 shares of the stock traded hands, compared to its average volume of 6,574,485. Macy's has a 52-week low of $9.76 and a 52-week high of $20.47. The stock's fifty day simple moving average is $11.64 and its 200 day simple moving average is $13.69. The firm has a market cap of $3.01 billion, a P/E ratio of 5.62 and a beta of 1.74. The company has a current ratio of 1.43, a quick ratio of 0.37 and a debt-to-equity ratio of 0.62.

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

Macy's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.1824 per share. The ex-dividend date is Friday, June 13th. This represents a $0.73 annualized dividend and a dividend yield of 6.59%. Macy's's dividend payout ratio (DPR) is currently 37.06%.

Insider Activity at Macy's

In other Macy's news, CEO Antony Spring sold 3,124 shares of Macy's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $13.74, for a total transaction of $42,923.76. Following the completion of the sale, the chief executive officer now owns 272,680 shares of the company's stock, valued at approximately $3,746,623.20. The trade was a 1.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Adrian V. Mitchell sold 3,489 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total value of $47,938.86. Following the completion of the transaction, the executive vice president now directly owns 116,165 shares in the company, valued at $1,596,107.10. This represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,751 shares of company stock valued at $537,790 in the last three months. 1.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Macy's

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in Macy's by 14.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,314,572 shares of the company's stock worth $56,116,000 after purchasing an additional 419,261 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Macy's by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 45,105 shares of the company's stock worth $764,000 after buying an additional 1,122 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Macy's by 15.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,908 shares of the company's stock worth $405,000 after acquiring an additional 3,127 shares during the period. Proficio Capital Partners LLC acquired a new stake in Macy's during the fourth quarter worth about $621,000. Finally, Mercer Global Advisors Inc. ADV raised its position in Macy's by 33.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,161 shares of the company's stock valued at $240,000 after acquiring an additional 3,579 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

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.