Equities Analysts Set Expectations for Macy’s Q1 Earnings

Macy’s, Inc. (NYSE:M) – Equities researchers at Zacks Research increased their Q1 2028 earnings estimates for shares of Macy’s in a research report issued on Wednesday, June 11th. Zacks Research analyst S. Singh now forecasts that the company will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. The consensus estimate for Macy’s’ current full-year earnings is $2.39 per share.

Other research analysts also recently issued research reports about the stock. Gordon Haskett downgraded shares of Macy’s from an “accumulate” rating to a “hold” rating in a report on Thursday, March 6th. Cowen reiterated a “hold” rating on shares of Macy’s in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their target price on shares of Macy’s from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. UBS Group dropped their target price on shares of Macy’s from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 7th. Finally, New Street Research set a $13.00 price objective on shares of Macy’s in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Macy’s presently has a consensus rating of “Hold” and an average target price of $13.20.

Macy’s Stock Down 5.8%

M stock opened at $11.21 on Friday. The firm has a market cap of $3.04 billion, a PE ratio of 19.00 and a beta of 1.74. Macy’s has a 1 year low of $9.76 and a 1 year high of $20.47. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $11.63 and a 200 day simple moving average of $13.77.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the business earned $0.27 EPS. Macy’s’s quarterly revenue was down 5.1% compared to the same quarter last year.

Hedge Funds Weigh In On Macy’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in M. Trifecta Capital Advisors LLC acquired a new position in shares of Macy’s during the fourth quarter worth approximately $34,000. Jones Financial Companies Lllp lifted 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 purchasing an additional 969 shares in the last quarter. Summit Securities Group LLC lifted its position in shares of Macy’s by 106.0% during the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after purchasing an additional 38,800 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Macy’s during the fourth quarter worth approximately $38,000. Finally, Headlands Technologies LLC acquired a new position in shares of Macy’s during the first quarter worth approximately $29,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Macy’s news, EVP Tracy M. Preston sold 2,780 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $12.68, for a total value of $35,250.40. Following the transaction, the executive vice president now directly owns 4,723 shares in the company, valued at $59,887.64. The trade was a 37.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antony Spring sold 3,124 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total transaction of $42,923.76. Following the completion of the transaction, the chief executive officer now owns 272,680 shares in the company, valued at approximately $3,746,623.20. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,751 shares of company stock worth $537,790. Corporate insiders own 1.09% of the company’s stock.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.1824 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.73 annualized dividend and a dividend yield of 6.51%. Macy’s’s dividend payout ratio (DPR) is currently 37.06%.

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.