FY2026 Earnings Estimate for Macy’s Issued By Zacks Research

Macy’s, Inc. (NYSE:M) – Zacks Research lifted their FY2026 earnings per share (EPS) estimates for shares of Macy’s in a report released on Wednesday, December 17th. Zacks Research analyst Team now anticipates that the company will post earnings of $2.16 per share for the year, up from their prior forecast of $1.97. Zacks Research has a “Strong-Buy” rating on the stock. 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 $1.50 EPS, Q2 2027 earnings at $0.43 EPS, Q4 2027 earnings at $1.51 EPS, FY2027 earnings at $2.21 EPS, Q1 2028 earnings at $0.19 EPS and FY2028 earnings at $2.28 EPS.

Several other research firms also recently weighed in on M. Wall Street Zen raised shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 14th. UBS Group set a $21.00 target price on Macy’s in a research report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Macy’s in a report on Monday, December 8th. Guggenheim started coverage on Macy’s in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Morgan Stanley lifted their price objective on Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Macy’s Trading Up 2.1%

Shares of M opened at $23.85 on Friday. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 14.11 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18. Macy’s has a 1-year low of $9.76 and a 1-year high of $24.41. The company has a 50-day moving average of $20.68 and a 200 day moving average of $16.24.

Macy’s (NYSE:M) last released its earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.22. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS.

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a $0.1824 dividend. This represents a $0.73 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 15th. Macy’s’s payout ratio is currently 43.20%.

Insider Transactions at Macy’s

In other Macy’s news, EVP Danielle L. Kirgan sold 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president owned 51,161 shares of the company’s stock, valued at $1,223,771.12. This trade represents a 62.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Macy’s

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Macy’s by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 26,806 shares of the company’s stock valued at $481,000 after acquiring an additional 500 shares during the last quarter. Cambria Investment Management L.P. increased its stake in Macy’s by 4.5% in the third quarter. Cambria Investment Management L.P. now owns 12,066 shares of the company’s stock valued at $216,000 after purchasing an additional 524 shares during the last quarter. Bessemer Group Inc. increased its stake in Macy’s by 41.4% in the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after purchasing an additional 592 shares during the last quarter. Private Advisor Group LLC raised its holdings in Macy’s by 4.2% during the third quarter. Private Advisor Group LLC now owns 18,444 shares of the company’s stock worth $331,000 after purchasing an additional 750 shares in the last quarter. Finally, Certuity LLC raised its holdings in Macy’s by 0.9% during the third quarter. Certuity LLC now owns 103,890 shares of the company’s stock worth $1,863,000 after purchasing an additional 880 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s News Roundup

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

• Positive Sentiment: Zacks raised Macy’s FY2026, FY2027 and FY2028 EPS forecasts (FY2026 to $2.16, FY2027 to $2.21, FY2028 to $2.28) and reiterated a “Strong‑Buy” rating — a clear positive for investor sentiment as it suggests stronger medium‑term profitability expectations. MarketBeat Macy’s Page
• Positive Sentiment: Zacks lifted near-term quarterly estimates for Q1 2028 (to $0.19) and Q2 2027 (to $0.43), signaling modestly better near-term cadence vs. prior forecasts — supports upward revision of the stock’s earnings trajectory. MarketBeat Macy’s Page
• Neutral Sentiment: Zacks included Macy’s in a list of low price-to-sales stocks positioned for growth — this highlights valuation appeal vs. peers but is more of a thematic positive that may attract value-driven investors rather than change fundamentals immediately. 5 Low Price-to-Sales Stocks Positioned for Strong Growth in 2026
• Negative Sentiment: Zacks trimmed some quarterly estimates — Q4 2026 down to $1.50 (from $1.56) and Q4 2027 down to $1.51 (from $1.57) — these small cuts flag potential timing/seasonality risk and could cap upside around near-term quarters. MarketBeat Macy’s Page

About Macy’s

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.