Macy’s (NYSE:M) Updates Q1 2026 Earnings Guidance
by Sarita Garza · The Markets DailyMacy’s (NYSE:M – Get Free Report) updated its first quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of -0.010-0.010 for the period, compared to the consensus earnings per share estimate of 0.170. The company issued revenue guidance of $4.6 billion-$4.6 billion, compared to the consensus revenue estimate of $4.5 billion. Macy’s also updated its FY 2026 guidance to 1.900-2.100 EPS.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on M. Citigroup reduced their target price on shares of Macy’s from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. UBS Group upped their target price on shares of Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $20.00 target price on shares of Macy’s in a research note on Wednesday, April 1st. Finally, TD Cowen reduced their target price on shares of Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $18.90.
Check Out Our Latest Analysis on M
Macy’s Stock Up 5.0%
Shares of Macy’s stock traded up $0.92 during trading hours on Thursday, reaching $19.26. 3,882,479 shares of the company’s stock were exchanged, compared to its average volume of 7,570,874. The company has a 50 day moving average of $19.47 and a two-hundred day moving average of $20.18. Macy’s has a fifty-two week low of $10.54 and a fifty-two week high of $24.41. The company has a current ratio of 1.49, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The stock has a market cap of $5.08 billion, a P/E ratio of 8.32 and a beta of 1.51.
Macy’s (NYSE:M – Get Free Report) last issued its earnings results on Wednesday, March 18th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.12. The company 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%. Macy’s’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 EPS. On average, sell-side analysts forecast that Macy’s will post 2.39 EPS for the current fiscal year.
Macy’s Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a $0.1915 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.77 annualized dividend and a yield of 4.0%. This is an increase from Macy’s’s previous quarterly dividend of $0.18. Macy’s’s payout ratio is currently 33.19%.
Insider Buying and Selling at Macy’s
In other Macy’s news, CEO Olivier Bron sold 7,228 shares of the stock in a transaction that occurred 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 $386,892.80. This represents a 25.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $896,788.48. Following the transaction, the chief executive officer owned 485,791 shares in the company, valued at approximately $8,705,374.72. The trade was a 9.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 94,967 shares of company stock worth $1,705,276. 1.09% of the stock is currently owned by company insiders.
Institutional Trading of Macy’s
Hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in Macy’s by 51.7% in the fourth 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 boosted its position in Macy’s by 35.9% in the fourth 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 acquired a new stake in Macy’s in the fourth quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. boosted its position in Macy’s by 31.8% in the fourth 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 acquired a new stake in Macy’s in the third quarter valued at approximately $118,000. Institutional investors and hedge funds own 87.36% of the company’s stock.
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.