FY2026 Earnings Forecast for Macy’s Issued By Zacks Research

Macy’s, Inc. (NYSE:M) – Analysts at Zacks Research increased their FY2026 earnings estimates for shares of Macy’s in a note issued to investors on Wednesday, December 17th. Zacks Research analyst Team now forecasts that the company will post earnings of $2.16 per share for the year, up from their previous forecast of $1.97. Zacks Research has a “Strong-Buy” 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’ Q4 2026 earnings at $1.50 EPS, Q2 2027 earnings at $0.43 EPS, Q4 2027 earnings at $1.51 EPS, FY2027 earnings at $2.21 EPS, Q1 2028 earnings at $0.19 EPS and FY2028 earnings at $2.28 EPS.

A number of other equities research analysts also recently weighed in on M. Jefferies Financial Group boosted their price target on shares of Macy’s from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Cowen reaffirmed a “hold” rating on shares of Macy’s in a report on Thursday, December 4th. UBS Group set a $21.00 target price on shares of Macy’s in a research report on Thursday, December 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Macy’s in a research note on Monday, December 8th. Finally, Evercore ISI lifted their price objective on Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.50.

Macy’s Stock Performance

Macy’s stock opened at $23.36 on Friday. Macy’s has a 1 year low of $9.76 and a 1 year high of $24.41. The company’s 50-day moving average is $20.53 and its two-hundred day moving average is $16.15. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.21 billion, a PE ratio of 13.82 and a beta of 1.44.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.22. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS.

Institutional Investors Weigh In On Macy’s

Several large investors have recently modified their holdings of the business. Swiss Life Asset Management Ltd bought a new position in shares of Macy’s during the 3rd quarter valued at about $229,000. Cambria Investment Management L.P. raised its holdings in Macy’s by 4.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 12,066 shares of the company’s stock worth $216,000 after buying an additional 524 shares during the period. Advisory Services Network LLC bought a new position in Macy’s in the third quarter valued at approximately $138,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Macy’s in the third quarter valued at approximately $206,000. Finally, Caxton Associates LLP increased its position in shares of Macy’s by 8.5% during the third quarter. Caxton Associates LLP now owns 211,696 shares of the company’s stock worth $3,796,000 after acquiring an additional 16,507 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.

Insider Activity at Macy’s

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the sale, the executive vice president owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. This trade represents a 62.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.09% of the stock is currently owned by corporate insiders.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be given a $0.1824 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.1%. Macy’s’s dividend payout ratio is currently 43.20%.

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.