Macy’s (NYSE:M) Issues Q2 2026 Earnings Guidance

Macy’s (NYSE:M) updated its second quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.290-0.340 for the period, compared to the consensus EPS estimate of 0.350. The company issued revenue guidance of $4.8 billion-$4.8 billion, compared to the consensus revenue estimate of $4.8 billion. Macy’s also updated its FY 2026 guidance to 2.000-2.200 EPS.

Analysts Set New Price Targets

Several analysts recently issued reports on M shares. JPMorgan Chase & Co. dropped their price objective on shares of Macy’s from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Citigroup dropped their price target on shares of Macy’s from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. UBS Group increased their price target 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. TD Cowen dropped their price target 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. Finally, Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $18.90.

Macy’s Stock Performance

Shares of Macy’s stock traded up $0.17 during trading hours on Wednesday, hitting $21.84. 7,417,303 shares of the company were exchanged, compared to its average volume of 6,801,000. Macy’s has a 1 year low of $10.54 and a 1 year high of $24.41. The company has a current ratio of 1.49, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $19.30 and a 200-day moving average of $20.51. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 9.41 and a beta of 1.48.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.Macy’s’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 expect that Macy’s will post 2.1 EPS for the current fiscal year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.1915 dividend. This represents a $0.77 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s payout ratio is presently 33.19%.

Insider Activity

In other news, EVP Tracy M. Preston sold 5,271 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 transaction of $94,456.32. Following the completion of the sale, the executive vice president owned 28,773 shares in the company, valued at approximately $515,612.16. The trade was a 15.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 company’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 sale, the chief executive officer directly owned 21,590 shares of the company’s stock, valued at approximately $386,892.80. This trade represents a 25.08% decrease in their ownership of the stock. 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. Insiders sold a total of 94,967 shares of company stock valued at $1,705,276 over the last quarter. Insiders own 1.05% of the company’s stock.

Macy’s News Roundup

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

• Positive Sentiment: Macy’s posted Q1 adjusted EPS of $0.13, well ahead of analyst expectations, while revenue of $4.89 billion also topped estimates, signaling stronger-than-expected operating performance. Business Wire release
• Positive Sentiment: The company raised its full-year outlook, now guiding FY 2026 EPS to $2.00-$2.20 and revenue to $21.5 billion-$21.8 billion, reflecting management’s confidence in the turnaround. Proactive Investors article
• Positive Sentiment: Comparable sales rose 3% in the quarter, the strongest first-quarter performance in four years, and Bloomingdale’s continued to show momentum in higher-margin luxury goods. WSJ article
• Neutral Sentiment: Management’s Q2 EPS guide of $0.29-$0.34 came in below the consensus estimate, which could temper near-term enthusiasm even as the broader outlook improved.
• Neutral Sentiment: Shares were also supported by broader market sentiment and labor-market data, but the main stock driver today was Macy’s earnings beat and raised outlook. Zacks article

Hedge Funds Weigh In On Macy’s

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after purchasing an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Macy’s by 35.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after purchasing an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Macy’s in the fourth quarter worth about $54,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 acquiring an additional 851 shares during the last quarter. Finally, Vestcor Inc bought a new position in Macy’s in the third quarter worth about $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.