Macy’s (NYSE:M) Issues Earnings Results

Macy’s (NYSE:M) issued its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11, FiscalAI reports. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Macy’s updated its Q2 2026 guidance to 0.290-0.340 EPS and its FY 2026 guidance to 2.000-2.200 EPS.

Here are the key takeaways from Macy’s’ conference call:

• Macy’s beat Q1 expectations across the board, with net sales up 1.8% to $4.7 billion, comparable sales up 3%, adjusted EBITDA above guidance, and adjusted EPS of $0.13. Management said this was the company’s best first quarter comparable sales performance in four years.
• Reimagined Macy’s stores continue to outperform, with comparable sales up 2.4% in those locations and positive comps in eight of the last nine quarters. The company expanded the reimagined base to 200 stores and said these stores are a key driver of future growth.
• Bloomingdale’s and Bluemercury posted strong results, with Bloomingdale’s comps up 10.2% and its best first-quarter sales ever, while Bluemercury comps rose 6.4%. Management credited brand additions, elevated merchandising, and customer service for the luxury momentum.
• The company raised full-year guidance after the strong first quarter, but remains cautious due to macro, geopolitical, tariff, and fuel-cost uncertainty. Full-year comp and EPS outlooks were increased, with tariff and fuel impacts expected to be roughly net neutral for the year.
• Execution on inventory, AUR, and AI remains a focus, with management citing higher average unit retail, better inventory positioning, and early benefits from AI tools like “Ask Macy’s” and supply-chain initiatives. The company also said China Grove automation is ramping well and should help service levels and cost efficiency.

Macy’s Trading Up 5.8%

Shares of NYSE:M opened at $23.07 on Friday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 9.53 and a beta of 1.48. Macy’s has a 12 month low of $10.54 and a 12 month high of $24.41. The company’s fifty day simple moving average is $19.54 and its 200 day simple moving average is $20.55. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.1915 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.3%. Macy’s’s dividend payout ratio is currently 31.40%.

Key Stories Impacting Macy’s

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.

Insider Activity at Macy’s

In other news, CEO Antony Spring sold 50,044 shares of the business’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 $896,788.48. Following the sale, the chief executive officer directly owned 485,791 shares in the company, valued at $8,705,374.72. The trade was a 9.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Danielle L. Kirgan sold 10,010 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 value of $179,379.20. Following the transaction, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 94,967 shares of company stock valued at $1,705,276 in the last quarter. 1.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Macy’s

Several institutional investors have recently bought and sold shares of M. Dimensional Fund Advisors LP raised its holdings in shares of Macy’s by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,145,972 shares of the company’s stock valued at $356,020,000 after purchasing an additional 494,280 shares during the last quarter. State Street Corp grew its position in Macy’s by 0.5% in the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after purchasing an additional 45,997 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Macy’s by 39.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,950,950 shares of the company’s stock valued at $106,701,000 after buying an additional 1,697,412 shares during the last quarter. Invesco Ltd. increased its stake in Macy’s by 160.5% in the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock valued at $49,941,000 after buying an additional 2,639,132 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Macy’s by 42.7% during the 4th quarter. AQR Capital Management LLC now owns 4,000,339 shares of the company’s stock worth $87,687,000 after buying an additional 1,197,785 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

M has been the subject of a number of recent analyst reports. Citigroup raised their price target on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen cut Macy’s from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. UBS Group reiterated a “sell” rating on shares of Macy’s in a research report on Thursday. Finally, Evercore set a $22.00 price objective on shares of Macy’s in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $20.30.

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.