Macy’s (NYSE:M) Releases Earnings Results, Beats Expectations By $0.12 EPS

Macy’s (NYSE:M) released its quarterly earnings data on Wednesday. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.12, FiscalAI reports. Macy’s had a net margin of 2.10% and a return on equity of 15.57%. The firm had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. Macy’s’s quarterly revenue was down 1.7% on a year-over-year basis.

Macy’s Trading Down 0.9%

Shares of M stock opened at $16.93 on Wednesday. Macy’s has a 1 year low of $9.76 and a 1 year high of $24.41. The firm has a market capitalization of $4.50 billion, a PE ratio of 10.02 and a beta of 1.51. The stock has a fifty day moving average of $20.56 and a two-hundred day moving average of $20.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.18 and a current ratio of 1.25.

Macy’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Macy’s’s previous quarterly dividend of $0.18. Macy’s’s dividend payout ratio (DPR) is presently 45.56%.

Analysts Set New Price Targets

M has been the subject of several recent research reports. Wall Street Zen raised Macy’s from a “buy” rating to a “strong-buy” rating in a report on Sunday. UBS Group raised their price target on Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research report on Monday, December 29th. Morgan Stanley upped their price objective on Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. Finally, Telsey Advisory Group increased their target price on Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $20.00.

Key Headlines Impacting Macy’s

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

• Positive Sentiment: Q4 earnings beat — Macy’s reported $1.67 EPS vs. analyst consensus $1.55, topping estimates and underpinning upside momentum. Macy’s Stock Jumps on Earnings Beat
• Positive Sentiment: Same‑store sales improvement led by Bloomingdale’s — Macy’s reported an unexpected rise in comps for the holiday quarter, with Bloomingdale’s contributing meaningfully to the turnaround narrative. Macy’s Same-Store Sales Boosted by Bloomingdale’s
• Positive Sentiment: Store‑refresh program showing early progress — Management said renovations and selective closures are contributing to comp growth, supporting the company’s turnaround strategy and long‑term margins. Macy’s expects sales to fall this year, even as store revamp shows progress
• Positive Sentiment: Unusual options activity — Heavy call buying (roughly a 142% increase vs. typical volume) the day before earnings suggests some traders were positioned for upside, a short‑term bullish signal for sentiment.
• Neutral Sentiment: Company materials posted — Full press release and slide deck are available for investors to review detailed results and guidance assumptions. Macy’s Press Release
• Negative Sentiment: Cautious full‑year outlook — Management forecast weaker annual revenue and profit amid tight consumer spending, and signaled sales may decline this year, which is pressuring the share price despite the beat. Macy’s forecasts weak annual sales, profit; sees tariff relief
• Negative Sentiment: Mixed guidance tone — Analysts and coverage note that strong Q4 results were partly offset by softer guidance for FY26, creating uncertainty around near‑term earnings growth and multiple expansion. Fed Day, Macy’s earnings…

Institutional Investors Weigh In On Macy’s

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its position in Macy’s by 51.7% in the 4th 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 raised its position in shares of Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Macy’s in the 4th quarter worth approximately $54,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Macy’s by 31.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company’s stock worth $78,000 after acquiring an additional 851 shares during the period. Finally, Vestcor Inc bought a new position in shares of Macy’s in the third quarter valued at approximately $118,000. 87.36% of the stock is currently owned by institutional investors.

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.