Zacks Research Has Negative Forecast for Macy’s Q2 Earnings

Macy’s, Inc. (NYSE:M) – Analysts at Zacks Research decreased their Q2 2026 earnings estimates for shares of Macy’s in a research note issued on Thursday, March 20th. Zacks Research analyst S. Singh now forecasts that the company will post earnings per share of $0.33 for the quarter, down from their prior forecast 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 data on Thursday, March 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.25. The firm had revenue of $7.77 billion during the quarter, compared to analysts’ expectations of $7.76 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%.

A number of other analysts have also recently commented on M. StockNews.com upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group reduced their target price on Macy’s from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Telsey Advisory Group set a $15.00 price objective on shares of Macy’s in a research report on Friday, March 7th. UBS Group dropped their target price on Macy’s from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 7th. Finally, Morgan Stanley set a $14.00 price objective on shares of Macy’s in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.30.

Macy’s Trading Up 5.1 %

Shares of M opened at $13.91 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. The firm has a 50 day simple moving average of $14.44 and a 200-day simple moving average of $15.32. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 23.58 and a beta of 2.07. Macy’s has a 1-year low of $12.60 and a 1-year high of $20.71.

Institutional Investors Weigh In On Macy’s

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Macy’s by 22.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,731 shares of the company’s stock valued at $486,000 after purchasing an additional 5,332 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Macy’s during the fourth quarter worth approximately $2,591,000. Forum Financial Management LP acquired a new stake in Macy’s in the fourth quarter worth approximately $177,000. Vise Technologies Inc. increased its position in shares of Macy’s by 37.2% during the 4th quarter. Vise Technologies Inc. now owns 23,129 shares of the company’s stock valued at $392,000 after purchasing an additional 6,266 shares during the period. Finally, MidWestOne Financial Group Inc. raised its stake in shares of Macy’s by 14.5% in the 4th quarter. MidWestOne Financial Group Inc. now owns 135,646 shares of the company’s stock worth $2,296,000 after buying an additional 17,167 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.

Macy’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.1824 dividend. This is an increase from Macy’s’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date is Friday, March 14th. Macy’s’s payout ratio is presently 35.44%.

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.