Macy’s (NYSE:M) Issues Quarterly Earnings Results

Macy’s (NYSE:M) announced its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11, FiscalAI reports. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. Macy’s updated its Q2 2026 guidance to 0.290-0.340 EPS and its FY 2026 guidance to 2.000-2.200 EPS.

Here are the key takeaways from Macy’s’ conference call:

• Macy’s beat Q1 expectations across the board, with net sales up 1.8% to $4.7 billion, comparable sales up 3%, adjusted EBITDA above guidance, and adjusted EPS of $0.13. Management said this was the company’s best first quarter comparable sales performance in four years.
• Reimagined Macy’s stores continue to outperform, with comparable sales up 2.4% in those locations and positive comps in eight of the last nine quarters. The company expanded the reimagined base to 200 stores and said these stores are a key driver of future growth.
• Bloomingdale’s and Bluemercury posted strong results, with Bloomingdale’s comps up 10.2% and its best first-quarter sales ever, while Bluemercury comps rose 6.4%. Management credited brand additions, elevated merchandising, and customer service for the luxury momentum.
• The company raised full-year guidance after the strong first quarter, but remains cautious due to macro, geopolitical, tariff, and fuel-cost uncertainty. Full-year comp and EPS outlooks were increased, with tariff and fuel impacts expected to be roughly net neutral for the year.
• Execution on inventory, AUR, and AI remains a focus, with management citing higher average unit retail, better inventory positioning, and early benefits from AI tools like “Ask Macy’s” and supply-chain initiatives. The company also said China Grove automation is ramping well and should help service levels and cost efficiency.

Macy’s Trading Up 0.4%

NYSE M opened at $21.76 on Thursday. The company has a market cap of $5.74 billion, a PE ratio of 9.38 and a beta of 1.48. The company has a current ratio of 1.49, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. Macy’s has a 12 month low of $10.54 and a 12 month high of $24.41. The stock has a 50 day moving average of $19.45 and a 200-day moving average of $20.53.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is currently 33.19%.

Analysts Set New Price Targets

M has been the subject of a number of recent analyst reports. TD Cowen lowered their price target on Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. JPMorgan Chase & Co. lowered their price target on Macy’s from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. UBS Group increased their target price on Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Monday, March 9th. Telsey Advisory Group reissued a “market perform” rating and set a $20.00 target price on shares of Macy’s in a research note on Wednesday, April 1st. Finally, Wall Street Zen cut Macy’s from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $18.90.

Insider Buying and Selling

In other Macy’s news, CEO Antony Spring sold 50,044 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer owned 485,791 shares of the company’s stock, valued at $8,705,374.72. This trade represents a 9.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $94,456.32. Following the sale, the executive vice president directly owned 28,773 shares of the company’s stock, valued at $515,612.16. This 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. In the last 90 days, insiders sold 94,967 shares of company stock worth $1,705,276. 1.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Macy’s

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC lifted its holdings in shares of Macy’s by 58.8% during the fourth quarter. Corient Private Wealth LLC now owns 305,516 shares of the company’s stock worth $6,737,000 after buying an additional 113,132 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Macy’s by 420.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,243 shares of the company’s stock worth $1,461,000 after buying an additional 53,512 shares in the last quarter. Vident Advisory LLC acquired a new stake in shares of Macy’s during the fourth quarter worth $231,000. Delta Global Management LP acquired a new stake in shares of Macy’s during the fourth quarter worth $2,389,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Macy’s during the fourth quarter worth $253,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Key Macy’s News

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

• Positive Sentiment: Macy’s reported adjusted EPS of $0.13, well above expectations, and revenue of $4.89 billion, also ahead of estimates, signaling better-than-expected quarterly execution. Macy’s, Inc. Reports Strong First Quarter 2026 Results and Raises Full-Year Outlook
• Positive Sentiment: Comparable sales rose 3%, the strongest first-quarter growth in four years, with luxury banners like Bloomingdale’s and premium product sales helping drive momentum. Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
• Positive Sentiment: The company raised its full-year outlook, reinforcing confidence that its “Bold New Chapter” turnaround plan is taking hold and that store refreshes are improving traffic and sales. Macy’s Lifts Outlook as Turnaround Continues Taking Hold
• Positive Sentiment: Berkshire Hathaway disclosed a new stake in Macy’s, which may be boosting investor sentiment by signaling confidence from a well-known value investor. Why Berkshire Hathaway Went Window-Shopping at Macy’s
• Neutral Sentiment: Analysts and media coverage are also highlighting that the stock’s move reflects renewed optimism around management’s store-experience improvements and shrinking competition, rather than a single one-day catalyst. Why Macy’s Stock Jumped 11% in May

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.