FY2027 Earnings Estimate for Macy’s Issued By Zacks Research

Macy’s, Inc. (NYSE:M) – Equities research analysts at Zacks Research boosted their FY2027 earnings estimates for shares of Macy’s in a research note issued on Thursday, September 24th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $2.34 for the year, up from their prior forecast of $2.13. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Macy’s’ current full-year earnings is $2.34 per share. Zacks Research also issued estimates for Macy’s’ Q1 2028 earnings at $0.09 EPS, Q4 2028 earnings at $1.95 EPS, FY2028 earnings at $2.47 EPS, Q1 2029 earnings at $0.10 EPS and FY2029 earnings at $2.57 EPS.

M has been the topic of several other research reports. TD Cowen reiterated a “hold” rating on shares of Macy’s in a report on Monday, September 14th. Telsey Advisory Group lifted their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. increased their price target on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Citigroup raised their price objective on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Finally, BTIG Research reiterated a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.78.

Macy’s Price Performance

M opened at $22.34 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 1.59. Macy’s has a 52-week low of $16.41 and a 52-week high of $26.58. The stock has a market capitalization of $5.83 billion, a PE ratio of 8.18 and a beta of 1.41. The stock’s 50 day moving average price is $23.29 and its 200-day moving average price is $21.60.

Macy’s (NYSE:M) last posted its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.26. The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. Macy’s’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS.

Macy’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.1915 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.4%. Macy’s’s dividend payout ratio is presently 28.21%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its stake in shares of Macy’s by 22.5% in the second quarter. QRG Capital Management Inc. now owns 37,118 shares of the company’s stock worth $874,000 after acquiring an additional 6,817 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Macy’s by 19.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,689 shares of the company’s stock worth $911,000 after purchasing an additional 6,310 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Macy’s during the 2nd quarter valued at about $735,000. IFP Advisors Inc increased its stake in Macy’s by 559.1% during the 2nd quarter. IFP Advisors Inc now owns 10,229 shares of the company’s stock valued at $241,000 after purchasing an additional 8,677 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Macy’s by 37.0% during the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after purchasing an additional 613 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.