Macy’s (NYSE:M) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Macy’s (NYSE:M) released its earnings results on Thursday. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.26, FiscalAI reports. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.

Macy’s Price Performance

Shares of NYSE M opened at $21.51 on Thursday. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 8.89 and a beta of 1.41. Macy’s has a 12 month low of $16.41 and a 12 month high of $26.58. The firm’s 50 day simple moving average is $23.55 and its 200-day simple moving average is $21.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.1915 dividend. This represents a $0.77 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 15th. Macy’s’s dividend payout ratio is currently 31.82%.

Key Headlines Impacting Macy’s

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

• Positive Sentiment: Macy’s reported adjusted earnings of $0.63 per share, well above the $0.37 analyst consensus, while revenue of $5.06 billion exceeded expectations of $4.81 billion. The company also reported a 2.94% net margin and 13.68% return on equity. Macy’s second-quarter 2026 press release
• Positive Sentiment: The retailer raised its full-year net-sales outlook to $21.68 billion-$21.83 billion, up from its prior forecast of $21.5 billion-$21.75 billion. Macy’s also increased its comparable-sales guidance, indicating that customer demand is holding up better than previously expected. Macy’s raises full-year outlook
• Positive Sentiment: Management said growth continued across all of Macy’s nameplates, while comparable sales increased. The combination of sales momentum, an earnings beat and improved guidance reinforces the view that the company’s turnaround is beginning to take hold. CNBC report on Macy’s second-quarter results
• Neutral Sentiment: Trading activity ahead of the report was unusually bullish, with investors purchasing 16,077 call options—about 39% above average volume. This may amplify short-term volatility but does not by itself change Macy’s underlying business outlook.

Insider Buying and Selling at Macy’s

In related news, EVP Thomas Edwards, Jr. sold 16,419 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the sale, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the transaction, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. The trade was a 28.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.05% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of 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 in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of 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 purchasing an additional 486 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Macy’s in the 4th quarter valued at about $54,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 purchasing an additional 851 shares in the last quarter. Finally, Vestcor Inc acquired a new position in Macy’s in the 3rd quarter worth about $118,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analyst Ratings Changes

M has been the topic of several research reports. UBS Group increased their price target on shares of Macy’s from $9.00 to $10.00 and gave the stock a “sell” rating in a report on Wednesday, August 26th. Telsey Advisory Group upped their price objective on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. increased 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. Finally, Morgan Stanley reissued an “overweight” rating and set a $30.00 target price on shares of Macy’s in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.78.

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.