Macy’s (NYSE:M) Issues FY 2026 Earnings Guidance

Macy’s (NYSE:M) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.000-2.200 for the period, compared to the consensus EPS estimate of 2.110. The company issued revenue guidance of $21.5 billion-$21.8 billion, compared to the consensus revenue estimate of $21.1 billion. Macy’s also updated its Q2 2026 guidance to 0.290-0.340 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on M. Telsey Advisory Group reaffirmed a “market perform” rating and set a $20.00 price objective on shares of Macy’s in a research note on Wednesday, April 1st. TD Cowen dropped their price target on Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, March 19th. Wall Street Zen downgraded Macy’s from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. UBS Group upped their price objective on shares of Macy’s from $8.00 to $9.00 and gave the company a “sell” rating in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. decreased their target price on Macy’s from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Macy’s currently has a consensus rating of “Reduce” and an average price target of $18.90.

Macy’s Price Performance

NYSE:M traded up $0.17 during trading hours on Wednesday, reaching $21.84. 7,417,303 shares of the company were exchanged, compared to its average volume of 6,801,000. The company has a market capitalization of $5.76 billion, a P/E ratio of 9.41 and a beta of 1.48. Macy’s has a 1-year low of $10.54 and a 1-year high of $24.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 0.50. The business has a 50 day moving average of $19.30 and a 200 day moving average of $20.51.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a net margin of 2.84% and a return on equity of 14.22%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. 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. Research analysts forecast that Macy’s will post 2.1 EPS for the current year.

Macy’s Announces Dividend

The firm 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. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is currently 33.19%.

Insider Transactions at Macy’s

In related news, CEO Olivier Bron sold 7,228 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 transaction of $129,525.76. Following the sale, the chief executive officer directly owned 21,590 shares in the company, valued at $386,892.80. This trade represents a 25.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of Macy’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $94,456.32. Following the transaction, the executive vice president directly owned 28,773 shares in the company, valued at $515,612.16. The trade was a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 94,967 shares of company stock worth $1,705,276. Insiders own 1.05% of the company’s stock.

Macy’s News Roundup

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

• Positive Sentiment: Macy’s posted Q1 adjusted EPS of $0.13, well ahead of analyst expectations, while revenue of $4.89 billion also topped estimates, signaling stronger-than-expected operating performance. Business Wire release
• Positive Sentiment: The company raised its full-year outlook, now guiding FY 2026 EPS to $2.00-$2.20 and revenue to $21.5 billion-$21.8 billion, reflecting management’s confidence in the turnaround. Proactive Investors article
• Positive Sentiment: Comparable sales rose 3% in the quarter, the strongest first-quarter performance in four years, and Bloomingdale’s continued to show momentum in higher-margin luxury goods. WSJ article
• Neutral Sentiment: Management’s Q2 EPS guide of $0.29-$0.34 came in below the consensus estimate, which could temper near-term enthusiasm even as the broader outlook improved.
• Neutral Sentiment: Shares were also supported by broader market sentiment and labor-market data, but the main stock driver today was Macy’s earnings beat and raised outlook. Zacks article

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its stake in shares of Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after purchasing an additional 526 shares during the period. CIBC Private Wealth Group LLC raised its stake in Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Macy’s during the 4th quarter worth approximately $54,000. Northwestern Mutual Wealth Management Co. raised its stake in Macy’s by 31.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company’s stock worth $78,000 after buying an additional 851 shares during the period. Finally, Vestcor Inc acquired a new position in Macy’s during the 3rd quarter worth approximately $118,000. 87.36% of the stock is 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.