Zacks Research Issues Optimistic Outlook for Macy's 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) - Zacks Research raised their Q3 2026 EPS estimates for Macy's in a report issued on Wednesday, September 17th. Zacks Research analyst Team now expects that the company will post earnings per share of ($0.16) for the quarter, up from their prior estimate 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.

Several other brokerages have also issued reports on M. JPMorgan Chase & Co. lifted their price target on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. UBS Group upped their price objective on shares of Macy's from $6.00 to $6.50 and gave the stock a "sell" rating in a research report on Thursday, September 4th. Jefferies Financial Group boosted their target price on shares of Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group increased their price target on Macy's from $13.00 to $14.50 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, Morgan Stanley upped their target price on Macy's from $12.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Macy's presently has a consensus rating of "Hold" and a consensus target price of $15.25.

Macy's Price Performance

M traded down $0.09 during trading on Friday, hitting $17.52. 10,496,434 shares of the stock traded hands, compared to its average volume of 11,919,709. The business has a 50 day moving average price of $13.94 and a 200 day moving average price of $12.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. Macy's has a twelve month low of $9.76 and a twelve month high of $18.13. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 10.01 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last released 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. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. Macy's had a net margin of 2.18% and a return on equity of 15.39%. The business's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS.

Macy's Dividend Announcement

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

Insider Buying and Selling

In other Macy's news, SVP Paul Griscom sold 12,843 shares of the business'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 sale, the senior vice president directly owned 23,379 shares in the company, valued at $403,521.54. The trade was a 35.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 212,843 shares of company stock worth $3,726,670 in the last 90 days. Corporate insiders own 1.09% of the company's stock.

Institutional Trading of Macy's

A number of institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC lifted its stake in Macy's by 106.0% in the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company's stock worth $28,000 after purchasing an additional 38,800 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Macy's in the first quarter worth $29,000. UMB Bank n.a. boosted its stake in Macy's by 523.0% during the second quarter. UMB Bank n.a. now owns 3,171 shares of the company's stock valued at $37,000 after buying an additional 2,662 shares during the period. Fifth Third Bancorp grew its position in Macy's by 28.7% during the second quarter. Fifth Third Bancorp now owns 4,876 shares of the company's stock worth $57,000 after buying an additional 1,087 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Macy's by 116.2% during the second quarter. GAMMA Investing LLC now owns 7,590 shares of the company's stock worth $88,000 after buying an additional 4,080 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.

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.