Zacks Research Issues Positive Estimate for Macy’s Earnings

Macy’s, Inc. (NYSE:M) – Research analysts at Zacks Research boosted their Q3 2027 earnings estimates for 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 $0.10 per share for the quarter, up from their prior estimate of ($0.15). 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’ Q3 2028 earnings at $0.12 EPS.

Other analysts have also issued research reports about the company. Morgan Stanley increased their price objective on Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Jefferies Financial Group raised their price target on Macy’s from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Telsey Advisory Group upped their price objective on shares of Macy’s from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Wall Street Zen cut shares of Macy’s from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Barclays upped their price target on shares of Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.50.

Macy’s Trading Up 2.1%

NYSE:M opened at $23.85 on Monday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 14.11 and a beta of 1.44. Macy’s has a 52 week low of $9.76 and a 52 week high of $24.41. The company has a quick ratio of 0.18, a current ratio of 1.25 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $20.68 and a 200 day moving average of $16.30.

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

Macy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a dividend of $0.1824 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a yield of 3.1%. Macy’s’s dividend payout ratio (DPR) is currently 43.20%.

Insider Buying and Selling

In other news, EVP Danielle L. Kirgan sold 85,000 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total value of $2,033,200.00. Following the sale, the executive vice president owned 51,161 shares in the company, valued at $1,223,771.12. This represents a 62.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.77% of the company’s stock.

Institutional Investors Weigh In On Macy’s

Hedge funds have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new position in shares of Macy’s in the 3rd quarter valued at about $31,000. UMB Bank n.a. boosted its position in Macy’s by 523.0% in the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after purchasing an additional 2,662 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Macy’s by 101.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Macy’s by 28.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock valued at $57,000 after purchasing an additional 1,087 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Key Macy’s News

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Zacks raised Macy’s FY2026, FY2027 and FY2028 EPS forecasts (FY2026 to $2.16, FY2027 to $2.21, FY2028 to $2.28) and reiterated a “Strong‑Buy” rating — a clear positive for investor sentiment as it suggests stronger medium‑term profitability expectations. MarketBeat Macy’s Page
• Positive Sentiment: Zacks lifted near-term quarterly estimates for Q1 2028 (to $0.19) and Q2 2027 (to $0.43), signaling modestly better near-term cadence vs. prior forecasts — supports upward revision of the stock’s earnings trajectory. MarketBeat Macy’s Page
• Neutral Sentiment: Zacks included Macy’s in a list of low price-to-sales stocks positioned for growth — this highlights valuation appeal vs. peers but is more of a thematic positive that may attract value-driven investors rather than change fundamentals immediately. 5 Low Price-to-Sales Stocks Positioned for Strong Growth in 2026
• Negative Sentiment: Zacks trimmed some quarterly estimates — Q4 2026 down to $1.50 (from $1.56) and Q4 2027 down to $1.51 (from $1.57) — these small cuts flag potential timing/seasonality risk and could cap upside around near-term quarters. MarketBeat Macy’s Page

About Macy’s

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.