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

Macy’s (NYSE:M) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.000-2.200 for the period, compared to the consensus earnings per share estimate of 2.110. The company issued revenue guidance of $21.5 billion-$21.8 billion, compared to the consensus revenue estimate of $21.1 billion. Macy’s also updated its Q2 2026 guidance to 0.290-0.340 EPS.

Macy’s Stock Performance

NYSE M opened at $23.07 on Friday. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 9.53 and a beta of 1.48. Macy’s has a twelve month low of $10.54 and a twelve month high of $24.41. The company has a current ratio of 1.48, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $19.54 and a 200 day moving average of $20.55.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The company 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 13.68% and a net margin of 2.94%.Macy’s’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. 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. Sell-side analysts anticipate that Macy’s will post 2.1 EPS for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued 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 yield of 3.3%. Macy’s’s dividend payout ratio is presently 31.40%.

Wall Street Analysts Forecast Growth

M has been the subject of a number of analyst reports. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Telsey Advisory Group increased 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. Evercore set a $22.00 target price on Macy’s in a report on Thursday. Finally, Jefferies Financial Group reissued a “buy” rating and set a $22.00 target price on shares of Macy’s in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $20.30.

Insider Transactions at Macy’s

In other Macy’s news, CEO Antony Spring sold 50,044 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $896,788.48. Following the completion of the transaction, the chief executive officer owned 485,791 shares of the company’s stock, valued at $8,705,374.72. This represents a 9.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $129,525.76. Following the transaction, the chief executive officer directly owned 21,590 shares of the company’s stock, valued at $386,892.80. The trade was a 25.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 94,967 shares of company stock worth $1,705,276 over the last three months. 1.05% of the stock is owned by insiders.

Trending Headlines about 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.

Institutional Investors Weigh In On Macy’s

A number of large investors have recently made changes to their positions in M. Marshall Wace LLP purchased a new stake in shares of Macy’s in the fourth quarter valued at approximately $69,562,000. Invesco Ltd. grew its position in shares of Macy’s by 160.5% in the second quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock valued at $49,941,000 after purchasing an additional 2,639,132 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Macy’s by 39.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,950,950 shares of the company’s stock valued at $106,701,000 after purchasing an additional 1,697,412 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Macy’s by 42.7% in the fourth quarter. AQR Capital Management LLC now owns 4,000,339 shares of the company’s stock valued at $87,687,000 after purchasing an additional 1,197,785 shares in the last quarter. Finally, Bridgewater Associates LP grew its position in shares of Macy’s by 1,742.0% in the fourth quarter. Bridgewater Associates LP now owns 720,460 shares of the company’s stock valued at $15,886,000 after purchasing an additional 681,348 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

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.