Analysts Set Expectations for Macy’s’ Q1 Earnings (NYSE:M)

Macy’s, Inc. (NYSE:M) – Equities researchers at Zacks Research dropped their Q1 2027 EPS estimates for Macy’s in a note issued to investors on Wednesday, April 1st. Zacks Research analyst Team now expects that the company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.17. Zacks Research has a “Strong Sell” 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’ Q3 2027 earnings at ($0.05) EPS, Q1 2028 earnings at $0.03 EPS, Q3 2028 earnings at ($0.03) EPS, Q4 2028 earnings at $1.79 EPS and FY2029 earnings at $2.34 EPS.

Macy’s (NYSE:M) last released its earnings results on Wednesday, March 18th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.12. The business had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.48 billion. Macy’s had a net margin of 2.84% and a return on equity of 14.22%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.80 earnings per share.

Several other brokerages have also recently commented on M. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. Evercore lifted their target price on shares of Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a research note on Friday, December 5th. Wall Street Zen lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. The Goldman Sachs Group increased their target price on shares of Macy’s from $16.50 to $22.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $20.00 price target on shares of Macy’s in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $18.90.

Macy’s Price Performance

Shares of Macy’s stock opened at $17.82 on Friday. The stock has a market capitalization of $4.70 billion, a P/E ratio of 7.68 and a beta of 1.51. The business has a 50 day simple moving average of $19.60 and a two-hundred day simple moving average of $20.14. Macy’s has a 12 month low of $9.76 and a 12 month high of $24.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 0.50.

Institutional Trading of Macy’s

Several hedge funds have recently made changes to their positions in M. Strengthening Families & Communities LLC purchased a new stake in shares of Macy’s during the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in Macy’s in the fourth quarter worth approximately $29,000. Smartleaf Asset Management LLC increased 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 acquiring an additional 526 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Macy’s during the third quarter worth $31,000. Finally, CIBC Private Wealth Group LLC raised its position in Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after purchasing an additional 486 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Danielle L. Kirgan sold 6,573 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $18.08, for a total value of $118,839.84. Following the completion of the sale, the executive vice president owned 98,299 shares of the company’s stock, valued at approximately $1,777,245.92. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Antony Spring sold 14,606 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $18.08, for a total transaction of $264,076.48. Following the sale, the chief executive officer owned 437,238 shares of the company’s stock, valued at approximately $7,905,263.04. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,669 shares of company stock valued at $391,776 over the last ninety days. Corporate insiders own 1.09% of the company’s stock.

Macy’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a $0.1915 dividend. This is a boost from Macy’s’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.3%. Macy’s’s dividend payout ratio is 33.19%.

Key Headlines Impacting Macy’s

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

• Positive Sentiment: Luxury division strength — Bloomingdale’s and Bluemercury finished FY25 strongly and are cited as a key growth engine heading into FY26, supporting longer‑term revenue upside for Macy’s. Macy’s luxury business article
• Positive Sentiment: Recent quarterly beat — Macy’s topped consensus on EPS and revenue for the March quarter, showing resilience in sales and giving valuation bears less room to argue for an immediate deep cut. Analyst reactions post-earnings
• Positive Sentiment: Dividend hike — Macy’s modestly raised its quarterly dividend (paid April 1), which increases yield and supports income‑oriented holders. MarketBeat dividend/insider summary
• Positive Sentiment: Institutional backing — Several large funds (e.g., Norges Bank, Marshall Wace, Goldman Sachs additions) hold sizable positions, which provides longer‑term demand support. MarketBeat institutional holdings
• Neutral Sentiment: Upcoming investor forum — Macy’s presentation at the J.P. Morgan Retail Round‑Up could be a catalyst if management provides stronger guidance or KPIs, but the event itself is neutral until new information is released. JP Morgan event release
• Negative Sentiment: Analyst estimate cuts & negative rating — Zacks Research issued multiple downward revisions to near‑term quarterly and FY estimates and maintains a “Strong Sell” stance; those cuts increase short‑term earnings uncertainty and selling pressure. Zacks coverage and estimate changes
• Negative Sentiment: Insider selling — CEO Antony Spring and multiple senior officers sold stock (SEC filings disclosed). Large insider sales can weigh on sentiment and likely contributed to today’s downside. CEO Form 4 EVP Form 4

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.