Zacks Research Brokers Reduce Earnings Estimates for Macy’s

Macy’s, Inc. (NYSE:M) – Equities researchers at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of Macy’s in a research note issued to investors on Thursday, March 20th. Zacks Research analyst S. Singh now forecasts that the company will post earnings of $0.33 per share for the quarter, down from their previous 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 posted 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. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The business had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.76 billion.

Several other brokerages have also issued reports on M. JPMorgan Chase & Co. lowered shares of Macy’s from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $14.00 in a report on Thursday, March 6th. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Guggenheim restated a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. Citigroup reduced their price objective on shares of Macy’s from $16.00 to $14.00 and set a “neutral” 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 report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.30.

Macy’s Stock Down 0.8 %

NYSE M opened at $13.27 on Monday. The firm has a market cap of $3.68 billion, a PE ratio of 22.48 and a beta of 2.07. Macy’s has a 52 week low of $12.60 and a 52 week high of $20.71. The business’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $15.32. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67.

Hedge Funds Weigh In On Macy’s

Institutional investors and hedge funds have recently made changes to their positions in the stock. Trifecta Capital Advisors LLC acquired a new position in shares of Macy’s during the fourth quarter worth about $34,000. Jones Financial Companies Lllp grew its position in shares of Macy’s by 82.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,149 shares of the company’s stock worth $36,000 after buying an additional 969 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Macy’s during the third quarter worth about $35,000. Kestra Investment Management LLC acquired a new position in shares of Macy’s during the fourth quarter worth about $38,000. Finally, Bessemer Group Inc. grew its position in shares of Macy’s by 495.5% during the fourth quarter. Bessemer Group Inc. now owns 3,412 shares of the company’s stock worth $58,000 after buying an additional 2,839 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.1824 per share. The ex-dividend date is Friday, March 14th. 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 dividend yield of 5.50%. Macy’s’s payout ratio is currently 35.44%.

About Macy’s

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.