Zacks Research Issues Negative Forecast for Macy’s Earnings

Macy’s, Inc. (NYSE:M) – Zacks Research lowered their Q2 2027 EPS estimates for shares of Macy’s in a research note issued on Wednesday, April 1st. Zacks Research analyst Team now expects that the company will earn $0.39 per share for the quarter, down from their prior estimate of $0.43. Zacks Research has a “Strong Sell” 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’ Q4 2027 earnings at $1.72 EPS, FY2027 earnings at $2.07 EPS, Q2 2028 earnings at $0.41 EPS and FY2028 earnings at $2.20 EPS.

M has been the subject of several other reports. Morgan Stanley upped their target price on Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Citigroup reduced their price target on Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Evercore upped their price objective on shares of Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a report on Friday, December 5th. Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of Macy’s in a research report on Wednesday, March 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $18.90.

Macy’s Stock Performance

Shares of Macy’s stock opened at $18.10 on Thursday. Macy’s has a one year low of $9.76 and a one year high of $24.41. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 7.80 and a beta of 1.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.49. The business’s 50 day moving average price is $19.70 and its 200 day moving average price is $20.16.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.12. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.48 billion. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 EPS.

Macy’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a $0.1915 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Macy’s’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a yield of 4.2%. Macy’s’s dividend payout ratio is currently 33.19%.

Institutional Investors Weigh In On Macy’s

Institutional investors have recently made changes to their positions in the stock. Strengthening Families & Communities LLC purchased a new stake in shares of Macy’s in the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of Macy’s in the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Macy’s during the 3rd quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its position in shares of Macy’s by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after purchasing an additional 526 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Macy’s by 41.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after purchasing an additional 592 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

About Macy’s

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.