Macy’s (NYSE:M) Releases FY 2026 Earnings Guidance

Macy’s (NYSE:M) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.150-2.350 for the period, compared to the consensus earnings per share estimate of 2.110. The company issued revenue guidance of $21.7 billion-$21.8 billion, compared to the consensus revenue estimate of $21.1 billion. Macy’s also updated its Q3 2026 guidance to -0.230–0.190 EPS.

Analysts Set New Price Targets

Several brokerages recently commented on M. Telsey Advisory Group upped their target price on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Citigroup raised their price target on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Morgan Stanley restated an “overweight” rating and issued a $30.00 price target on shares of Macy’s in a research report on Monday, July 6th. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Finally, Zacks Research upgraded shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.78.

Macy’s Stock Down 4.7%

Shares of Macy’s stock opened at $20.50 on Friday. Macy’s has a one year low of $16.41 and a one year high of $26.58. 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 stock’s 50-day moving average is $23.49 and its 200 day moving average is $21.42. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 8.47 and a beta of 1.41.

Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.26. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.81 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. Equities research analysts anticipate that Macy’s will post 2.22 EPS for the current year.

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Macy’s’s payout ratio is presently 31.82%.

Insider Buying and Selling at Macy’s

In other Macy’s 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 value of $408,668.91. Following the completion of the sale, the executive vice president directly 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 document filed with the SEC, 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 the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the sale, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.05% of the stock is owned by corporate insiders.

Trending Headlines about Macy’s

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

• Positive Sentiment: Macy’s exceeded second-quarter expectations, reporting approximately $0.40 in adjusted EPS and $4.9 billion in revenue versus consensus estimates of $0.37 and $4.83 billion, respectively. Revenue increased 1.1% year over year. Macy’s Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The retailer raised its fiscal 2026 outlook, calling for EPS of $2.15–$2.35 and revenue of roughly $21.7–$21.8 billion, above Wall Street expectations. Comparable sales also improved, supporting management’s view that its turnaround is gaining traction. Macy’s Posts Strong Results and Raises Guidance
• Positive Sentiment: Sales growth was helped by premium merchandise and stronger spending from middle- and high-income customers across Macy’s nameplates. The roughly 3.5% dividend yield may also appeal to income investors if the turnaround continues to support cash flow. Premium Goods Drive Sales Growth
• Neutral Sentiment: Unusually heavy call-option activity before the report indicated elevated bullish positioning, but it may also have increased the risk of profit-taking when the results failed to exceed already-high expectations. Macy’s Options Activity
• Negative Sentiment: Fiscal third-quarter EPS guidance of negative $0.23 to negative $0.19 was below the consensus estimate of negative $0.12. Investors may view the full-year improvement as partly aided by tariff refunds, making the earnings beat appear less durable. Broader market weakness and a sharp rise in crude oil also pressured sentiment toward retailers. Why a Beat and Raise Did Not Lift Macy’s Stock

Institutional Trading of Macy’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in M. Parallel Advisors LLC grew its stake in Macy’s by 8.2% in the 4th quarter. Parallel Advisors LLC now owns 9,213 shares of the company’s stock valued at $203,000 after purchasing an additional 699 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Macy’s during the 3rd quarter worth $206,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Macy’s during the 3rd quarter worth $228,000. iSAM Funds UK Ltd purchased a new position in shares of Macy’s in the 3rd quarter worth about $228,000. Finally, NorthRock Partners LLC purchased a new position in shares of Macy’s in the 3rd quarter worth about $186,000. 87.36% of the stock is owned by institutional investors.

About Macy’s

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.