Macy’s (NYSE:M) Announces Earnings Results

Macy’s (NYSE:M) released its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11, FiscalAI reports. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. 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 Down 3.7%

NYSE:M traded down $0.85 during mid-day trading on Friday, reaching $22.19. The company’s stock had a trading volume of 7,491,761 shares, compared to its average volume of 6,933,475. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.50. The stock has a market cap of $5.85 billion, a P/E ratio of 9.17 and a beta of 1.48. The company’s fifty day simple moving average is $19.54 and its two-hundred day simple moving average is $20.55. Macy’s has a twelve month low of $10.54 and a twelve month high of $24.41.

Macy’s Dividend Announcement

The firm 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 $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 payout ratio is currently 31.40%.

Insider Activity at Macy’s

In other news, CEO Antony Spring sold 50,044 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $896,788.48. Following the completion of the sale, the chief executive officer directly owned 485,791 shares of the company’s stock, valued at $8,705,374.72. The trade was a 9.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $179,379.20. Following the sale, the executive vice president owned 108,008 shares of the company’s stock, valued at approximately $1,935,503.36. The trade was 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. Over the last three months, insiders sold 94,967 shares of company stock worth $1,705,276. 1.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its stake 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 acquiring an additional 486 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 valued at $34,000 after buying an additional 526 shares during the period. Parallel Advisors LLC lifted its holdings in Macy’s by 8.2% in the fourth quarter. Parallel Advisors LLC now owns 9,213 shares of the company’s stock valued at $203,000 after acquiring an additional 699 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Macy’s by 4.2% in the third quarter. Private Advisor Group LLC now owns 18,444 shares of the company’s stock worth $331,000 after buying an additional 750 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Macy’s by 31.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company’s stock valued at $78,000 after acquiring an additional 851 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

More Macy’s News

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

• Positive Sentiment: Macy’s reported Q1 results that beat estimates, with comparable sales up 3% year over year, the best performance in four years, and management raised its full-year sales, comp, and adjusted EPS guidance. Article Title
• Positive Sentiment: After the earnings release, Macy’s stock jumped as investors focused on the company beating expectations across every key metric, reinforcing confidence in the “Bold New Chapter” turnaround strategy. Article Title
• Positive Sentiment: JPMorgan raised its price target on Macy’s to $27 from $21, while Telsey Advisory Group lifted its target to $23, signaling improved analyst sentiment even though both ratings stayed cautious.
• Positive Sentiment: Trading activity also looked bullish, with unusual options activity showing heavy call buying, which can signal expectations for more upside.
• Positive Sentiment: Additional interest from Berkshire Hathaway, which reportedly bought millions of shares, has added credibility to the idea that Macy’s may be undervalued as its prospects improve. Article Title

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on M shares. Evercore set a $22.00 price objective on shares of Macy’s in a research report on Thursday. TD Cowen reduced their target price on shares of Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday. JPMorgan Chase & Co. boosted their target price on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One 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. Based on data from MarketBeat, Macy’s currently has a consensus rating of “Reduce” and an average 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.