Macy’s (NYSE:M) Updates 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 guidance of 0.290-0.340 for the period, compared to the consensus earnings per share 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 0.3%

M traded up $0.07 on Wednesday, reaching $21.74. The company’s stock had a trading volume of 7,158,623 shares, compared to its average volume of 6,797,656. Macy’s has a 1 year low of $10.54 and a 1 year high of $24.41. The business’s 50 day moving average is $19.30 and its 200 day moving average is $20.51. 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 stock has a market cap of $5.73 billion, a price-to-earnings ratio of 9.37 and a beta of 1.48.

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

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s dividend payout ratio is currently 33.19%.

Analysts Set New Price Targets

M has been the topic of several research analyst reports. TD Cowen reduced their price objective 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. Citigroup dropped their target price on shares of Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Macy’s from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $22.00 price objective on shares of Macy’s in a research report on Wednesday, March 18th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $18.90.

Insider Activity

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

More Macy’s News

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

• Positive Sentiment: Macy’s beat Q1 earnings expectations, posting $0.13 per share versus the $0.02 consensus estimate, which suggests stronger-than-expected profitability. Macy’s (M) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Revenue also came in above forecasts at $4.89 billion versus $4.61 billion expected, showing that sales momentum held up better than Wall Street anticipated. Macy’s earnings report and conference call
• Positive Sentiment: The company posted its strongest first-quarter comparable sales growth in four years, with comparable sales up 3%, reinforcing signs that its turnaround strategy is working. Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
• Positive Sentiment: Macy’s raised its full-year outlook, which tends to be the key catalyst investors watch for because it points to confidence in continued improvement. Macy’s, Inc. Reports Strong First Quarter 2026 Results and Raises Full-Year Outlook

Institutional Trading of Macy’s

A number of institutional investors have recently made changes to their positions in M. Corient Private Wealth LLC boosted its position in shares of Macy’s by 58.8% in the 4th quarter. Corient Private Wealth LLC now owns 305,516 shares of the company’s stock valued at $6,737,000 after purchasing an additional 113,132 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Macy’s by 420.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 66,243 shares of the company’s stock worth $1,461,000 after buying an additional 53,512 shares during the period. Vident Advisory LLC purchased a new stake in Macy’s during the fourth quarter valued at about $231,000. Delta Global Management LP acquired a new position in shares of Macy’s in the fourth quarter worth about $2,389,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Macy’s in the fourth quarter worth approximately $253,000. 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.