What is Zacks Research's Forecast for Macy's Q3 Earnings?

Key Points

• Zacks Research has increased its Q3 2026 earnings estimates for Macy's from ($0.22) to ($0.16), reflecting a more optimistic outlook for the company's earnings performance.
• Several brokerages, including Morgan Stanley and Barclays, have raised their price targets for Macy's shares, with current average price target sitting at $15.25 and a consensus rating of "Hold."
• Macy's has declared a quarterly dividend of $0.1824 per share, providing an annualized yield of 4.1%, highlighting a commitment to returning value to shareholders.

Macy's, Inc. (NYSE:M - Free Report) - Equities researchers at Zacks Research lifted their Q3 2026 EPS estimates for Macy's in a research note issued to investors on Wednesday, September 17th. Zacks Research analyst Team now anticipates that the company will post earnings of ($0.16) per share for the quarter, up from their prior forecast of ($0.22). Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Macy's' current full-year earnings is $2.39 per share. Zacks Research also issued estimates for Macy's' Q2 2027 earnings at $0.42 EPS, Q3 2027 earnings at ($0.15) EPS and Q2 2028 earnings at $0.44 EPS.

A number of other analysts have also recently issued reports on the company. Citigroup increased their target price on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. increased their target price on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Telsey Advisory Group reissued a "market perform" rating and set a $17.00 target price (up from $14.00) on shares of Macy's in a research note on Wednesday, September 3rd. The Goldman Sachs Group increased their target price on Macy's from $13.00 to $14.50 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Finally, Morgan Stanley increased their target price on Macy's from $12.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $15.25.

Macy's Trading Up 1.7%

NYSE:M traded up $0.30 on Friday, hitting $17.19. 2,574,596 shares of the stock were exchanged, compared to its average volume of 7,733,219. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 9.82 and a beta of 1.78. Macy's has a 52 week low of $9.76 and a 52 week high of $18.13. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. The company's 50-day moving average price is $14.02 and its 200 day moving average price is $12.70.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.19 by $0.22. Macy's had a net margin of 2.18% and a return on equity of 15.39%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS.

Institutional Trading of Macy's

A number of institutional investors have recently added to or reduced their stakes in M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Macy's by 29.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,840 shares of the company's stock worth $1,995,000 after purchasing an additional 27,156 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Macy's by 13.8% in the 4th quarter. Nuveen Asset Management LLC now owns 721,044 shares of the company's stock worth $12,207,000 after acquiring an additional 87,315 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Macy's by 0.9% during the 4th quarter. Quantinno Capital Management LP now owns 102,538 shares of the company's stock valued at $1,736,000 after purchasing an additional 872 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Macy's by 7.7% during the 4th quarter. ProShare Advisors LLC now owns 12,978 shares of the company's stock valued at $220,000 after purchasing an additional 924 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of Macy's during the 4th quarter valued at about $704,000. Hedge funds and other institutional investors own 87.36% of the company's stock.

Insiders Place Their Bets

In other Macy's news, SVP Paul Griscom sold 12,843 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the transaction, the senior vice president owned 23,379 shares in the company, valued at $403,521.54. This represents a 35.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the transaction, the executive vice president directly owned 286,161 shares in the company, valued at $4,950,585.30. This represents a 25.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 212,843 shares of company stock valued at $3,726,670 in the last 90 days. Corporate insiders own 2.77% of the company's stock.

Macy's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, September 15th. Macy's's dividend payout ratio is 41.71%.

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.