FY2026 Earnings Estimate for Macy’s Issued By Zacks Research

Macy’s, Inc. (NYSE:M) – Equities researchers at Zacks Research increased their FY2026 earnings estimates for Macy’s in a research report issued to clients and investors on Wednesday, September 17th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.97 for the year, up from their previous estimate of $1.80. The consensus estimate for Macy’s’ current full-year earnings is $2.39 per share. Zacks Research also issued estimates for Macy’s’ Q4 2026 earnings at $1.56 EPS, Q4 2027 earnings at $1.57 EPS, FY2027 earnings at $2.01 EPS and FY2028 earnings at $2.07 EPS.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.19 by $0.22. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Macy’s from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Jefferies Financial Group raised their target price on shares of Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Morgan Stanley raised their target price on shares of Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday. UBS Group raised their target price on shares of Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a report on Thursday, September 4th. Finally, Citigroup raised their target price on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Macy’s presently has a consensus rating of “Hold” and an average price target of $15.25.

Macy’s Stock Performance

Shares of M stock opened at $17.61 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. Macy’s has a one year low of $9.76 and a one year high of $18.13. The company’s 50-day simple moving average is $13.84 and its 200-day simple moving average is $12.66. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 10.06 and a beta of 1.78.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.1824 dividend. This represents a $0.73 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, September 15th. Macy’s’s dividend payout ratio (DPR) is 41.71%.

Insider Buying and Selling at Macy’s

In related news, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the transaction, the senior vice president owned 23,379 shares in the company, valued at $403,521.54. This trade represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the completion of the transaction, the executive vice president owned 286,161 shares in the company, valued at $4,950,585.30. This trade represents a 25.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 212,843 shares of company stock worth $3,726,670 in the last quarter. Insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Macy’s by 29.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,840 shares of the company’s stock worth $1,995,000 after purchasing an additional 27,156 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Macy’s by 13.8% during the 4th quarter. Nuveen Asset Management LLC now owns 721,044 shares of the company’s stock worth $12,207,000 after purchasing an additional 87,315 shares during the period. Man Group plc bought a new position in shares of Macy’s during the 4th quarter worth about $5,087,000. Quantinno Capital Management LP increased its holdings in shares of Macy’s by 0.9% during the 4th quarter. Quantinno Capital Management LP now owns 102,538 shares of the company’s stock worth $1,736,000 after purchasing an additional 872 shares during the period. Finally, ProShare Advisors LLC increased its holdings in shares of Macy’s by 7.7% during the 4th quarter. ProShare Advisors LLC now owns 12,978 shares of the company’s stock worth $220,000 after purchasing an additional 924 shares during the period. Institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.