What is Zacks Research’s Estimate for Macy’s Q3 Earnings?

Macy’s, Inc. (NYSE:M) – Equities research analysts at Zacks Research dropped their Q3 2027 earnings per share estimates for shares of Macy’s in a research note issued on Thursday, September 24th. Zacks Research analyst Team now anticipates that the company will post earnings of ($0.19) per share for the quarter, down from their prior forecast 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.

Several other equities research analysts also recently commented on the stock. Morgan Stanley reiterated an “overweight” rating and set a $30.00 target price on shares of Macy’s in a research report on Monday, July 6th. Citigroup raised their price target on shares of Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. lifted their price target on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Weiss Ratings lowered shares of Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Finally, UBS Group reissued a “sell” rating on shares of Macy’s in a research note on Thursday, September 17th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Macy’s currently has a consensus rating of “Hold” and a consensus price target of $22.78.

Macy’s Stock Performance

Macy’s stock opened at $22.99 on Monday. The business has a 50 day moving average of $23.26 and a 200-day moving average of $21.67. The company has a market capitalization of $6.01 billion, a P/E ratio of 8.42 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.

Macy’s (NYSE:M) last posted its earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%.The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s quarterly revenue 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.

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 issued a $0.1915 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 annualized dividend and a yield of 3.3%. Macy’s’s dividend payout ratio is presently 28.21%.

Institutional Trading of Macy’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Macy’s in the fourth quarter valued at approximately $85,020,000. Bank of New York Mellon Corp bought a new position in shares of Macy’s during the 2nd quarter worth approximately $67,450,000. SG Americas Securities LLC grew its position in shares of Macy’s by 1,344.4% during the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock worth $55,344,000 after buying an additional 2,847,561 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Macy’s by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock worth $150,448,000 after buying an additional 2,750,115 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Macy’s by 81.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock valued at $104,266,000 after acquiring an additional 2,594,549 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

About Macy’s

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.