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

Macy’s (NYSE:M) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.000-2.200 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

A number of research firms have recently issued reports on M. JPMorgan Chase & Co. dropped their price objective on shares of Macy’s from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Zacks Research upgraded shares of Macy’s from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. TD Cowen dropped their price objective on shares of 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 price objective on shares of Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Finally, UBS Group increased their price objective on shares of Macy’s from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Macy’s currently has a consensus rating of “Reduce” and a consensus target price of $18.90.

Macy’s Price Performance

Shares of M opened at $21.76 on Thursday. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 9.38 and a beta of 1.48. Macy’s has a twelve month low of $10.54 and a twelve month high of $24.41. The company has a quick ratio of 0.50, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $19.45 and a two-hundred day moving average of $20.53.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $4.89 billion during 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%. Macy’s’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, analysts predict that Macy’s will post 2.1 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

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

Insider Activity at Macy’s

In other Macy’s news, CEO Antony Spring sold 50,044 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $896,788.48. Following the completion of the transaction, the chief executive officer owned 485,791 shares of the company’s stock, valued at approximately $8,705,374.72. This trade represents a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction 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 approximately $386,892.80. This represents a 25.08% 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. In the last three months, insiders sold 94,967 shares of company stock worth $1,705,276. Corporate insiders own 1.05% of the company’s stock.

Trending Headlines about Macy’s

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

• Positive Sentiment: Macy’s reported adjusted EPS of $0.13, well above expectations, and revenue of $4.89 billion, also ahead of estimates, signaling better-than-expected quarterly execution. Macy’s, Inc. Reports Strong First Quarter 2026 Results and Raises Full-Year Outlook
• Positive Sentiment: Comparable sales rose 3%, the strongest first-quarter growth in four years, with luxury banners like Bloomingdale’s and premium product sales helping drive momentum. Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
• Positive Sentiment: The company raised its full-year outlook, reinforcing confidence that its “Bold New Chapter” turnaround plan is taking hold and that store refreshes are improving traffic and sales. Macy’s Lifts Outlook as Turnaround Continues Taking Hold
• Positive Sentiment: Berkshire Hathaway disclosed a new stake in Macy’s, which may be boosting investor sentiment by signaling confidence from a well-known value investor. Why Berkshire Hathaway Went Window-Shopping at Macy’s
• Neutral Sentiment: Analysts and media coverage are also highlighting that the stock’s move reflects renewed optimism around management’s store-experience improvements and shrinking competition, rather than a single one-day catalyst. Why Macy’s Stock Jumped 11% in May

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in M. Smartleaf Asset Management LLC raised its holdings in shares of Macy’s by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after buying an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Macy’s by 35.9% in the fourth 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 last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Macy’s in the fourth quarter worth $54,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Macy’s by 31.8% in the fourth 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 last quarter. Finally, Vestcor Inc purchased a new position in shares of Macy’s in the third quarter worth $118,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

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.