Zacks Research Issues Negative Estimate for Macy’s Earnings

Macy’s, Inc. (NYSE:M) – Zacks Research cut their Q3 2027 earnings per share estimates for shares of Macy’s in a report issued on Wednesday, June 17th. Zacks Research analyst Team now anticipates that the company will post earnings per share of ($0.11) for the quarter, down from their previous forecast of ($0.05). Zacks Research has a “Hold” rating on the stock. The consensus estimate for Macy’s’ current full-year earnings is $2.16 per share. Zacks Research also issued estimates for Macy’s’ Q1 2028 earnings at $0.10 EPS, Q3 2028 earnings at ($0.12) EPS and Q1 2029 earnings at $0.11 EPS.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company posted $0.16 EPS. Macy’s’s revenue was up 1.8% on a year-over-year basis. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Wall Street Zen raised shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Telsey Advisory Group raised their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. UBS Group restated a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Finally, Citigroup upped their price target on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $20.30.

Macy’s Stock Performance

Shares of Macy’s stock opened at $24.18 on Friday. The firm has a market cap of $6.36 billion, a P/E ratio of 9.99 and a beta of 1.48. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. Macy’s has a 12 month low of $10.54 and a 12 month high of $25.65. The stock’s fifty day moving average price is $20.69 and its 200-day moving average price is $20.77.

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1915 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.2%. Macy’s’s payout ratio is currently 31.82%.

Insider Activity

In other news, EVP Danielle L. Kirgan sold 10,010 shares of Macy’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the transaction, the executive vice president owned 108,008 shares of the company’s stock, valued at $1,935,503.36. The trade was a 8.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $896,788.48. Following the transaction, the chief executive officer directly owned 485,791 shares in the company, valued at approximately $8,705,374.72. The trade was a 9.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 94,967 shares of company stock valued at $1,705,276. Corporate insiders own 1.05% of the company’s stock.

Institutional Investors Weigh In On Macy’s

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its holdings in shares of Macy’s by 35.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after buying an additional 486 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Macy’s by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 26,806 shares of the company’s stock worth $481,000 after acquiring an additional 500 shares during the last quarter. Cambria Investment Management L.P. raised its stake in Macy’s by 4.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 12,066 shares of the company’s stock worth $216,000 after acquiring an additional 524 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in 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 acquiring an additional 526 shares during the period. Finally, Parallel Advisors LLC lifted its position in Macy’s by 8.2% during the 4th quarter. Parallel Advisors LLC now owns 9,213 shares of the company’s stock worth $203,000 after acquiring an additional 699 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s News Roundup

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Zacks articles say Macy’s is gaining traction with its turnaround strategy, with comparable sales improving and luxury/omnichannel initiatives helping support the case for better execution and revenue quality. Article Title
• Positive Sentiment: Several Zacks Research updates raised longer-term earnings estimates for Macy’s, which can signal improving expectations for profitability over the next few years. Article Title
• Neutral Sentiment: Analysts remain cautious overall, with Zacks Research keeping a “Hold” rating even while lifting some earnings forecasts, suggesting the stock may be fairly valued after its recent rally. Article Title
• Negative Sentiment: The same analysis also warned that margin pressure, store closures, and softer demand remain risks that could limit upside if the turnaround slows. Article Title

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.