Macy’s (NYSE:M) Releases Q2 2026 Earnings Guidance

Macy’s (NYSE:M) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.290-0.340 for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of $4.8 billion-$4.8 billion, compared to the consensus revenue estimate of $4.8 billion. Macy’s also updated its FY 2026 guidance to 2.000-2.200 EPS.

Macy’s Stock Up 5.8%

M stock opened at $23.07 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. Macy’s has a fifty-two week low of $10.54 and a fifty-two week high of $24.41. The firm’s 50-day simple moving average is $19.54 and its 200 day simple moving average is $20.55. The stock has a market cap of $6.09 billion, a PE ratio of 9.53 and a beta of 1.48.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter last year, the company earned $0.16 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Macy’s will post 2.1 EPS for the current year.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors 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 3.3%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is 31.40%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on M shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. Telsey Advisory Group upped their price objective on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday. Evercore set a $22.00 price objective on shares of Macy’s in a report on Thursday. Zacks Research raised shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, 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 report on Thursday. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Macy’s currently has an average rating of “Reduce” and an average price target of $20.30.

Insider Activity at Macy’s

In related news, EVP Danielle L. Kirgan sold 10,010 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the completion of the sale, the executive vice president owned 108,008 shares of the company’s stock, valued at $1,935,503.36. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $896,788.48. Following the completion of the sale, the chief executive officer directly owned 485,791 shares of the company’s stock, valued at $8,705,374.72. The trade was a 9.34% decrease in their position. 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. Over the last three months, insiders sold 94,967 shares of company stock worth $1,705,276. 1.05% of the stock is owned by company insiders.

Key Macy’s News

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

• Positive Sentiment: Macy’s beat Q1 earnings and revenue estimates, with EPS of $0.13 versus $0.02 expected and revenue of $4.89 billion versus $4.61 billion, helping support the stock. Article Title
• Positive Sentiment: The company said comparable sales rose 3%, its best first-quarter comps growth in four years, and it raised its full-year outlook for sales, comps and adjusted EPS, signaling improving momentum. Article Title
• Positive Sentiment: Management said the “Bold New Chapter” turnaround is gaining traction, with luxury banners like Bloomingdale’s and store reinvestment efforts driving demand. Article Title
• Positive Sentiment: Berkshire Hathaway’s reported new stake and related investor interest added to the bullish sentiment around Macy’s valuation and turnaround potential. Article Title
• Neutral Sentiment: Macy’s said it will participate in the Evercore Consumer and Retail Conference, which is a routine investor-relations event but may keep the company in focus. Article Title
• Neutral Sentiment: Analysts lifted price targets, including JPMorgan to $27 and Telsey to $23, but both kept relatively cautious ratings, suggesting improving expectations without a strong upgrade to the thesis.
• Neutral Sentiment: Unusual call-option buying showed traders positioning for further upside, though this can also reflect short-term speculation rather than fundamental change.

Institutional Investors Weigh In On Macy’s

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in 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 acquiring an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after acquiring an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Macy’s in the 4th quarter valued at about $54,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Macy’s by 31.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company’s stock valued at $78,000 after acquiring an additional 851 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in Macy’s in the 3rd quarter valued at about $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.