Macy’s (NYSE:M) Issues FY 2026 Earnings Guidance
by Teresa Graham · The Cerbat GemMacy’s (NYSE:M – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.900-2.100 for the period, compared to the consensus EPS estimate of 2.160. The company issued revenue guidance of $21.4 billion-$21.7 billion, compared to the consensus revenue estimate of $21.6 billion. Macy’s also updated its Q1 2026 guidance to -0.010-0.010 EPS.
Analyst Ratings Changes
Several brokerages recently issued reports on M. Citigroup dropped their target price on shares of Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Wall Street Zen cut shares of Macy’s from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $20.00 target price on shares of Macy’s in a report on Wednesday, April 1st. Zacks Research cut shares of Macy’s from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $22.00 target price on shares of Macy’s in a report on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $18.90.
Macy’s Stock Performance
Shares of Macy’s stock traded up $0.81 on Thursday, hitting $19.15. 6,037,558 shares of the company’s stock were exchanged, compared to its average volume of 7,607,073. The company has a 50-day simple moving average of $19.47 and a 200-day simple moving average of $20.18. The stock has a market capitalization of $5.05 billion, a PE ratio of 8.26 and a beta of 1.51. 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 issued its quarterly earnings results on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.12. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.48 billion. Macy’s had a net margin of 2.84% and a return on equity of 14.22%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.80 EPS. As a group, equities analysts anticipate that Macy’s will post 2.39 EPS for the current year.
Macy’s Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a dividend of $0.1915 per share. The ex-dividend date was Friday, March 13th. This represents a $0.77 annualized dividend and a dividend yield of 4.0%. This is a boost from Macy’s’s previous quarterly dividend of $0.18. Macy’s’s dividend payout ratio is 33.19%.
Insider Buying and Selling at Macy’s
In related news, CEO Olivier Bron sold 7,228 shares of Macy’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $129,525.76. Following the transaction, the chief executive officer owned 21,590 shares in the company, valued at approximately $386,892.80. The trade was a 25.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Macy’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $94,456.32. Following the transaction, the executive vice president owned 28,773 shares in the company, valued at approximately $515,612.16. This trade represents a 15.48% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 94,967 shares of company stock worth $1,705,276. 1.09% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of Macy’s by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after buying an additional 526 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of 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 purchased a new position in shares of Macy’s during the 4th quarter valued at $54,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $78,000 after buying an additional 851 shares in the last quarter. Finally, Vestcor Inc purchased a new position in shares of Macy’s during the 3rd quarter valued at $118,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.
Macy’s Company Profile
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.