Macy’s, Inc. Announces Quarterly Dividend of $0.19 (NYSE:M)

Macy’s, Inc. (NYSE:M) declared a quarterly dividend on Friday, May 15th. Stockholders of record on Monday, June 15th will be given a dividend of 0.1915 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th.

Macy’s has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Macy’s has a payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Macy’s to earn $2.26 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 33.6%.

Macy’s Stock Up 1.5%

Shares of M stock traded up $0.37 during trading on Friday, reaching $25.41. The company’s stock had a trading volume of 7,706,478 shares, compared to its average volume of 7,454,594. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 10.50 and a beta of 1.48. The stock’s 50-day moving average price is $20.17 and its 200 day moving average price is $20.70. Macy’s has a 1-year low of $10.54 and a 1-year high of $25.65.

Macy’s (NYSE:M) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) 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 company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the prior year, the business earned $0.16 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. 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. On average, research analysts anticipate that Macy’s will post 2.15 EPS for the current year.

Wall Street Analysts Forecast Growth

M has been the subject of a number of recent research reports. TD Cowen decreased their target price on Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, March 19th. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Evercore set a $22.00 price objective on Macy’s in a research report on Thursday, June 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 target price on shares of Macy’s in a report on Wednesday, March 18th. Finally, Telsey Advisory Group lifted their price target on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target 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.