Zacks Research Has Pessimistic Outlook of Macy’s Q2 Earnings

Macy’s, Inc. (NYSE:M) – Research analysts at Zacks Research cut their Q2 2026 earnings per share estimates for Macy’s in a research note issued on Thursday, March 20th. Zacks Research analyst S. Singh now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their previous estimate of $0.41. The consensus estimate for Macy’s’ current full-year earnings is $2.39 per share. Zacks Research also issued estimates for Macy’s’ Q2 2027 earnings at $0.36 EPS.

Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, March 6th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.55 by $0.25. The company had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.76 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%.

Several other research firms also recently weighed in on M. Guggenheim restated a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. Citigroup decreased their price objective on Macy’s from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. New Street Research set a $13.00 target price on shares of Macy’s in a report on Thursday, March 6th. Gordon Haskett downgraded shares of Macy’s from an “accumulate” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, UBS Group dropped their price objective on shares of Macy’s from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.30.

Macy’s Stock Down 2.3 %

M opened at $13.62 on Monday. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. Macy’s has a twelve month low of $12.60 and a twelve month high of $20.70. The company has a market cap of $3.78 billion, a PE ratio of 23.08 and a beta of 2.07. The company has a 50-day moving average price of $14.43 and a 200 day moving average price of $15.31.

Macy’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.1824 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.73 dividend on an annualized basis and a yield of 5.36%. This is an increase from Macy’s’s previous quarterly dividend of $0.17. Macy’s’s payout ratio is currently 35.44%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of M. Coldstream Capital Management Inc. raised its stake in shares of Macy’s by 4.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 15,442 shares of the company’s stock valued at $261,000 after acquiring an additional 717 shares during the period. Treasurer of the State of North Carolina increased its holdings in Macy’s by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 120,414 shares of the company’s stock valued at $2,039,000 after purchasing an additional 760 shares during the last quarter. Quantinno Capital Management LP raised its position in Macy’s by 0.9% in the fourth quarter. Quantinno Capital Management LP now owns 102,538 shares of the company’s stock valued at $1,736,000 after purchasing an additional 872 shares during the period. ProShare Advisors LLC lifted its stake in Macy’s by 7.7% during the fourth quarter. ProShare Advisors LLC now owns 12,978 shares of the company’s stock worth $220,000 after purchasing an additional 924 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Macy’s by 1.2% during the fourth quarter. Arizona State Retirement System now owns 80,549 shares of the company’s stock worth $1,364,000 after buying an additional 958 shares during the period. Institutional investors and hedge funds 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.