Zacks Research Has Negative Estimate for Macy’s Q3 Earnings

Macy’s, Inc. (NYSE:M) – Research analysts at Zacks Research dropped their Q3 2027 earnings estimates for shares of Macy’s in a research report issued on Thursday, September 24th. Zacks Research analyst Team now anticipates that the company will earn ($0.19) per share for the quarter, down from their previous estimate of ($0.11). 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’ Q2 2028 earnings at $0.67 EPS, Q3 2028 earnings at ($0.24) EPS and Q2 2029 earnings at $0.71 EPS.

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

A number of other analysts have also recently commented on M. Telsey Advisory Group upped their price objective on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. BTIG Research restated a “neutral” rating on shares of Macy’s in a research note on Friday, September 11th. Evercore set a $22.00 price target on shares of Macy’s in a research report on Thursday, June 4th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $30.00 price objective on shares of Macy’s in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.78.

Macy’s Stock Performance

M stock opened at $23.31 on Monday. The company has a market cap of $6.09 billion, a P/E ratio of 8.54 and a beta of 1.41. Macy’s has a 1 year low of $16.41 and a 1 year high of $26.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.59 and a quick ratio of 0.48. The stock’s fifty day moving average price is $23.25 and its 200-day moving average price is $21.71.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.1915 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 annualized dividend and a yield of 3.3%. Macy’s’s payout ratio is 28.21%.

Institutional Trading of Macy’s

Several hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. increased its position in 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 buying an additional 6,817 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Macy’s by 19.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,689 shares of the company’s stock valued at $911,000 after acquiring an additional 6,310 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Macy’s during the 2nd quarter valued at approximately $735,000. IFP Advisors Inc increased its holdings in Macy’s by 559.1% in the 2nd quarter. IFP Advisors Inc now owns 10,229 shares of the company’s stock worth $241,000 after acquiring an additional 8,677 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Macy’s by 37.0% in the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after acquiring an additional 613 shares in the last quarter. 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.