Macy’s (NYSE:M – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.000-2.200 for the period, compared to the consensus estimate of 2.110. The company issued revenue guidance of $21.5 billion-$21.8 billion, compared to the consensus revenue estimate of $21.1 billion. Macy’s also updated its Q2 2026 guidance to 0.290-0.340 EPS.
Macy’s Stock Performance
Shares of NYSE M traded up $0.07 during midday trading on Wednesday, hitting $21.74. The company’s stock had a trading volume of 7,158,623 shares, compared to its average volume of 6,797,656. The firm’s fifty day moving average price is $19.30 and its 200-day moving average price is $20.51. The firm has a market cap of $5.73 billion, a P/E ratio of 9.37 and a beta of 1.48. Macy’s has a 1-year low of $10.54 and a 1-year high of $24.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.49.
Macy’s (NYSE:M – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.Macy’s’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. On average, sell-side analysts forecast that Macy’s will post 2.1 EPS for the current fiscal year.
Macy’s Dividend Announcement
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. TD Cowen cut their price target on Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. Citigroup lowered their price objective on Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Wall Street Zen lowered Macy’s from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $22.00 price objective on shares of Macy’s in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Macy’s has an average rating of “Reduce” and a consensus target price of $18.90.
Get Our Latest Stock Analysis on Macy’s
Insiders Place Their Bets
In other news, CEO Antony Spring sold 50,044 shares of Macy’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $896,788.48. Following the sale, the chief executive officer directly owned 485,791 shares in the company, valued at approximately $8,705,374.72. This trade represents a 9.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $94,456.32. Following the transaction, the executive vice president owned 28,773 shares in the company, valued at $515,612.16. This trade represents a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 94,967 shares of company stock worth $1,705,276. Corporate insiders own 1.05% of the company’s stock.
Trending Headlines about Macy’s
Here are the key news stories impacting Macy’s this week:
- Positive Sentiment: Macy’s beat Q1 earnings expectations, posting $0.13 per share versus the $0.02 consensus estimate, which suggests stronger-than-expected profitability. Macy’s (M) Surpasses Q1 Earnings and Revenue Estimates
- Positive Sentiment: Revenue also came in above forecasts at $4.89 billion versus $4.61 billion expected, showing that sales momentum held up better than Wall Street anticipated. Macy’s earnings report and conference call
- Positive Sentiment: The company posted its strongest first-quarter comparable sales growth in four years, with comparable sales up 3%, reinforcing signs that its turnaround strategy is working. Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
- Positive Sentiment: Macy’s raised its full-year outlook, which tends to be the key catalyst investors watch for because it points to confidence in continued improvement. Macy’s, Inc. Reports Strong First Quarter 2026 Results and Raises Full-Year Outlook
Institutional Investors Weigh In On Macy’s
A number of institutional investors have recently added to or reduced their stakes in M. Smartleaf Asset Management LLC grew 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 valued at $34,000 after acquiring an additional 526 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after buying an additional 486 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Macy’s in the 4th quarter worth approximately $54,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Macy’s by 31.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company’s stock worth $78,000 after acquiring an additional 851 shares in the last quarter. Finally, Vestcor Inc bought a new position in shares of Macy’s during the 3rd quarter valued at approximately $118,000. 87.36% of the stock is owned by hedge funds and other institutional investors.
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.
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