Brokers Issue Forecasts for Macy’s’ Q2 Earnings (NYSE:M)

Macy’s, Inc. (NYSE:M) – Research analysts at Zacks Research cut their Q2 2026 earnings estimates for Macy’s in a research report issued to clients and investors on Thursday, March 20th. Zacks Research analyst S. Singh now anticipates that the company will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.41. 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 $0.36 EPS.

A number of other equities analysts also recently commented on the company. Cowen reissued a “hold” rating on shares of Macy’s in a research report on Friday, March 7th. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group reduced their price objective on shares of Macy’s from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Morgan Stanley set a $14.00 price objective on shares of Macy’s in a research report on Monday, March 10th. Finally, Telsey Advisory Group set a $15.00 price target on Macy’s in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.30.

Macy’s Trading Down 2.3 %

M opened at $13.62 on Monday. The business has a fifty day moving average price of $14.43 and a 200 day moving average price of $15.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. Macy’s has a 12 month low of $12.60 and a 12 month high of $20.70. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 23.08 and a beta of 2.07.

Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, March 6th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.55 by $0.25. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The business had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.76 billion.

Macy’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.1824 dividend. This is an increase from Macy’s’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Friday, March 14th. Macy’s’s payout ratio is presently 35.44%.

Institutional Investors Weigh In On Macy’s

Several large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Macy’s in the fourth quarter valued at about $96,689,000. Junto Capital Management LP purchased a new stake in Macy’s during the 4th quarter valued at approximately $48,775,000. FMR LLC lifted its position in Macy’s by 59.9% during the 4th quarter. FMR LLC now owns 7,503,742 shares of the company’s stock worth $127,038,000 after acquiring an additional 2,812,151 shares during the period. Marshall Wace LLP grew its stake in shares of Macy’s by 1,230.8% in the 4th quarter. Marshall Wace LLP now owns 2,387,193 shares of the company’s stock valued at $40,415,000 after purchasing an additional 2,207,809 shares during the last quarter. Finally, Cooper Creek Partners Management LLC increased its holdings in shares of Macy’s by 26.2% in the fourth quarter. Cooper Creek Partners Management LLC now owns 7,838,240 shares of the company’s stock valued at $132,701,000 after purchasing an additional 1,627,572 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

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.