Macy's, Inc. (M) Stock: Price, Forecast & Analyst Target
Macy's, Inc. (M) — MoonshotScore 78/100 (Strong band), calculated Oct 4, 2026. Price $22.73 (-0.15%), as of the Oct 2, 2026 trading session; market cap $5.98B. Expected results Dec 2, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 4.62× (market value Oct 2, 2026; cash Aug 1, 2026) · expected results Dec 2, 2026
Macy's, Inc. · M · NYSE · Consumer Cyclical · Department Stores
Research dated 2026-09-13: Macy's is a department-store operator with an omnichannel setup that sells apparel, accessories, home goods, beauty products, and everyday consumer merchandise across its store network, websites, and mobile apps. The key question for the company is whether that mix can keep earnings and cash generation durable while physical footprint costs, category mix, and margin dynamics continue to move together. The business is a branded collection of formats under Macy's and Bloomingdale names rather than a generic shopping platform, so store-level demand and inventory choices remain direct drivers of results.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Macy's (M)
StrongWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
High quality and a strong balance sheet, at a dirt-cheap price, though growth is only decent; the market is already moving on it. Business Quality: Solid; Financial Safety: Sound; Valuation: Cheap; Growth Durability: Growing; Momentum: Surging.
- quarterly revenue $167M (Q2 FY2026, quarter ended Aug 2026)
- EPS beat 8 of 8
- Altman Z 2.84 · Piotroski F 7
Helping: business quality, balance-sheet strength, an attractive price, positive momentum
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 77 | Strong | |
| 78 | Strong | |
| 78 | Strong | |
| 78 | Strong | |
| 79 | Strong | |
| 79 | Strong |
The score was 78 in the stored Oct 3, 2026 snapshot and remains 78 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Momentum -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $22.73 | |
| Change on the day | -0.15% | |
| 52-week range | $16.41–$26.59 | |
| Market capitalisation | $5.98B | |
| Price / earnings (trailing) | 8.14 | |
| Shares traded on the day | 4.60M | |
| Beta (volatility vs the S&P 500) | 1.43 | |
| Dividends per share (last 12 months) | $0.76 | |
| Dividend yield (last 12 months) | 3.33% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
Looking at detailed third quarter guidance, we expect net sales of $4.65 billion to $4.7 billion Last year's store closures contributed about $30 million to sales in the comparable period.
Thomas J. Edwards Jr. · Statement from
In total, we expect to realize supply chain efficiencies in the second half of 26 which will benefit gross margin.
Thomas J. Edwards Jr. · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Macy's (M): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
9-Factor Breakdown
Legends Council
6 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 11, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 11, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 11, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the M film — every key number, told as a short cinematic story
~2 min · open the film
What is Macy's (M), and what does it report?
Short answer · as of
Macy's, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications.
Research dated 2026-09-13.
Macy's sells merchandise directly to shoppers as a retailer, blending traffic across department stores, discount-oriented concepts, outlet style formats, beauty retail, and digital channels.
Reported performance is not a single-line digital metric; sales and profitability are shaped by multiple segments, including women, men, kids, home, beauty and accessories, and a separate credit-card revenue line that is part of the operating model.
That reporting shape matters because a change in category mix or credit usage can move profit even when broad shopper count appears steady.
What do the latest results show for Macy's (M)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $167M.
Research dated 2026-09-13.
Recent results show a stronger quarter versus the prior period, with higher gross and operating profitability and higher net profit alongside higher sales, so the trend is broad-based rather than purely a one-line cost move.
Management commentary in the same reporting cycle points to temporary closure-related drag in comparable sales and says cost momentum should come from second-half supply-chain efficiencies.
The same comments also frame lower tariff and fuel headwind versus earlier expectations and describe AI-assisted inventory placement as a direct mechanism to support cost structure and margin trajectory.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $5.06B Aug 1, 2026
- Latest quarter · SG&A
- $569.89B Aug 1, 2026
- Latest quarter · FMP standardized operating result
- $251.00M Aug 1, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Aug 1, 2026 | $5.06B | Not available | $569.89B | $251.00M |
| May 2, 2026 | $4.89B | Not available | $571.85B | $80.00M |
| Jan 31, 2026 | $7.92B | Not available | $2.36B | $739.00M |
| Nov 1, 2025 | $4.91B | Not available | $2.02B | $42.00M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $4.87B Sep 10, 2026
- Latest report · revenue estimate
- $4.81B Sep 10, 2026
- Latest report · revenue vs estimate
- Above estimate Sep 10, 2026
- Latest report · EPS vs estimate
- Above estimate Sep 10, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Sep 10, 2026 | $4.87B | $4.81B | $0.6300 | $0.3706 |
| Jun 3, 2026 | $4.68B | $4.61B | $0.1300 | $0.0306 |
| Mar 18, 2026 | $7.64B | $7.51B | $1.6700 | $1.5300 |
| Dec 3, 2025 | $4.91B | $4.55B | $0.0900 | −$0.1308 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $167M | $222M | $0.82 (diluted) |
| Q1 FY2026 | $4.89B | $63M | $0.23 (diluted) |
| Q4 FY2025 | $7.92B | $506M | $1.83 (diluted) |
| Q3 FY2025 | $4.91B | $11M | $0.04 (diluted) |
What are the financial strengths and risks for Macy's (M)?
Short answer
Cash and short-term investments were $1.29B at the Aug 1, 2026 balance-sheet date. Operating cash flow was $294.00M for the quarter ended Aug 1, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-13.
The financial profile is defined by leverage and liquidity discipline: debt is large versus liquid resources, and net cash versus market value is negative, so capital flexibility is finite.
Cash flow behavior is uneven by period, with swings in operating cash generation visible in the history window, which means debt service and working-capital absorption can quickly reframe the balance even when accounting profits stay positive.
Strength remains in ongoing profitability and valuation context, while the fragility is a repeatable drop in operating cash in weaker periods that would force tighter operating decisions before discretionary moves.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $294.00M Aug 1, 2026
- Previous quarter · operating cash flow
- $292.00M May 2, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Aug 1, 2026 | $294.00M | −$65.00M |
| May 2, 2026 | $292.00M | −$88.00M |
| Jan 31, 2026 | $1.18B | −$24.00M |
| Nov 1, 2025 | −$8.00M | −$93.00M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Macy's (M)?
Short answer · as of
The next earnings report is expected on Dec 2, 2026. The number it tests is the $2.32 EPS analysts carry for it.
Research dated 2026-09-13.
The next report is the clearest test of whether margin commentary is translating into execution, because expectations are already set for upcoming sales and earnings and the bar is no longer whether Macy's can merely grow a quarter but whether cash and margin steps remain intact.
A second check sits at the next declared dividend date: sustained payout alongside steady operating cash flow would confirm enough conversion capacity, while a shortfall would force attention toward liquidity before growth and discretionary initiatives.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
Looking at detailed third quarter guidance, we expect net sales of $4.65 billion to $4.7 billion Last year's store closures contributed about $30 million to sales in the comparable period.
Thomas J. Edwards Jr. ·
In total, we expect to realize supply chain efficiencies in the second half of 26 which will benefit gross margin.
Thomas J. Edwards Jr. ·
We now forecast full year combined tariff and fuel gross margin net headwind of 5 to 15 basis points compared to prior guidance of 20 to 30 basis points.
Thomas J. Edwards Jr. ·
So we do anticipate on the gross margin side expansion, and this is a little more weighted to Q4 In the prepared remarks, I referenced some supply chain activities and other initiatives that are improving our cost structure as well as delivering importantly for the customer, and providing better service and better transparency as well as some AI initiatives that are helping us to forecast better and put the right inventory in the right place at the right time for areas like replenishment.
Thomas J. Edwards Jr. ·
How does Macy's compare with its peers?
Short answer
Macy's's score ranks 4th of 9 in the bounded comparison shown, against 8 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-13.
Compared with peers that lean more heavily into one channel or one assortment, Macy's edge is format breadth: multiple banner identities and an in-store backbone linked to digital, with separate exposure to beauty and home alongside traditional apparel categories and a material credit-card contribution.
The practical difference is that margin and cash are not just about traffic; they also depend on how efficiently the mixed-format model converts category mix, floor cost, and financing activity into repeatable operating profit.
That profile is reinforced by licensed international presence, which spreads brand reach but also ties execution to a more global operational footprint than a single-market model would.
| Company | Price | Market value | Score |
|---|---|---|---|
| $654.11 Oct 2, 2026 | $10.2B | 95 5-pillar Oct 4, 2026 | |
| $18.81 Oct 2, 2026 | $2.13B | 90 5-pillar Oct 4, 2026 | |
| $80.80 Oct 2, 2026 | $6.92B | 85 5-pillar Oct 4, 2026 | |
| Macy's (M) — this page | $22.73 | $5.98B | 78 |
| $120.85 Oct 2, 2026 | $6.05B | 76 5-pillar Oct 4, 2026 | |
| $40.99 Oct 2, 2026 | $9.16B | 67 5-pillar Oct 4, 2026 | |
| $71.79 Oct 2, 2026 | $5.33B | 62 5-pillar Oct 4, 2026 | |
| $249.84 Oct 2, 2026 | $2.98B | 60 5-pillar Oct 4, 2026 | |
| $5.65 Oct 2, 2026 | $2.07B | 31 5-pillar Oct 4, 2026 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $22.00 – $30.00
- Consensus target
- $24.25
- Median target
- $22.50
- Revenue estimate
- $21.78B
- EPS estimate
- $2.32
Consensus record · Captured .
Measured against a quoted price of $22.73 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026
- Transactions
- 15
- Identified insiders
- 11
- Purchases
- 0
- Sales
- 2
- Other transactions
- 13
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Reporting holders
- 520 Period end Jun 30, 2026
- Previous quarter · holders
- 508 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Blackrock, INC. | 28,261,769 |
| Dimensional Fund Advisors LP | 16,800,787 |
| Vanguard Portfolio Management LLC | 12,863,362 |
| American Century Companies INC | 11,030,537 |
| Vanguard Capital Management LLC | 11,020,211 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
Macy's Consumer Cyclical Stock: Key Questions Answered
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.
How does Macy's credit-card revenue change the way earnings responds to merchandise demand?
Credit-card net revenue appears as its own reportable stream, so shopper spend behavior affects results both at the checkout basket and through the finance layer. That creates an earnings pathway where card economics can help when merchandise softness is present, and can also become a drag if card activity softens alongside store traffic.
What should be extracted from Macy's comments on store closures in management guidance?
Management linked recent comparable-period sales impact to store closures, so the impact is being treated as an explicit operating headwind instead of a vague macro effect. The same comment set pairs that headwind with a margin plan built on supply-chain cost improvements, indicating closures and margin recovery are being managed as linked, not isolated, drivers.
Why can Macy's report strong net income in a period and still face near-term pressure on cash flow?
The quarter-level operating cash-flow series shows both positive and negative pockets, so profit and cash are not perfectly synchronized. The cash account has recovered from a much lower point, but the company is still balancing conversion against debt, so a weak operating-cash period would hit flexibility quickly.
Which Macy's categories are most likely to move profit before broad demand shifts are obvious?
The segment split places women, beauty-related lines, men and kids, and home as core levers, meaning category-level promotion and mix decisions can move gross and operating outcomes before aggregate traffic signals change. That is why inventory decisions in these buckets, especially apparel and beauty, are the early signal for this business.
What is the M stock price today?
The last price recorded on this page for Macy's, Inc. (M) is $22.73, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the M price target?
The analyst consensus price target for Macy's, Inc. (M) is $24.25 (range $22.00 to $30.00, median $22.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Does M pay a dividend?
Yes. Macy's, Inc. (M) shows a trailing 12-month dividend yield of 3.33%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.3-codex-spark) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (82 figures)
The 82 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Thomas J. Edwards Jr. (Sep 10, 2026): Looking at detailed third quarter guidance, we expect net sales of $4.65 billion to $4.7 billion Last year's store closures contributed about $30 million to sales in the comparable period. Thomas J. Edwards Jr. (Sep 10, 2026): In total, we expect to realize supply chain efficiencies in the second half of 26 which will benefit gross margin. Thomas J. Edwards Jr. (Sep 10, 2026): We now forecast full year combined tariff and fuel gross margin net headwind of 5 to 15 basis points compared to prior guidance of 20 to 30 basis points. Thomas J. Edwards Jr. (Sep 10, 2026): So we do anticipate on the gross margin side expansion, and this is a little more weighted to Q4 In the prepared remarks, I referenced some supply chain activities and other initiatives that are improving our cost structure as well as delivering importantly for the customer, and providing better service and better transparency as well as some AI initiatives that are helping us to forecast better and put the right inventory in the right place at the right time for areas like replenishment. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | NEW York, NY | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "151 West 34th Street, New York City, NY, 10001, US". |
FMP — 69 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Dec 2, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $22.73 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T14:44:26.635Z. | |
px.change | Change on the day | -0.15% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $5.98B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:03.000Z. Captured from FMP at 2026-10-04T14:44:25.375Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | −$0.035 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $167M | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.range52 | 52-week range | $16.41–$26.59 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | 8.14 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 4.60M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.43 | FMP | Financial Modeling Prep (FMP) company profile | |
id.business_summary | Business description (FMP excerpt) | Macy's, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications. | FMP | Financial Modeling Prep (FMP) company profile — Deterministic excerpt derived from id.description; source and date describe the input fact, not a new provider observation | |
id.ceo | Chief executive | Antony Spring | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 90,134 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2022 through FY2026: FY2022 revenue $25.40B, net result $1.43B; FY2023 revenue $25.45B, net result $1.15B; FY2024 revenue $23.87B, net result $45.00M; FY2025 revenue $23.01B, net result $582.00M; FY2026 revenue $22.62B, net result $642.00M | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Home Other $3.21B · Mens And Kids $4.66B · Womens Apparel $4.76B · Credit Card Revenues, Net $669.00M · Women's Accessories, Shoes, Cosmetics and Fragrances $9.13B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 36.0% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-08-01.revenue_k | Revenue — period end 2026-08-01 | $5.06B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-08-01.sga_k | SG&A — period end 2026-08-01 | $569.89B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-08-01.operating_result_k | FMP standardized operating result — period end 2026-08-01 | $251.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-02.revenue_k | Revenue — period end 2026-05-02 | $4.89B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-02.sga_k | SG&A — period end 2026-05-02 | $571.85B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-02.operating_result_k | FMP standardized operating result — period end 2026-05-02 | $80.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-01-31.revenue_k | Revenue — period end 2026-01-31 | $7.92B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-01-31.sga_k | SG&A — period end 2026-01-31 | $2.36B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-01-31.operating_result_k | FMP standardized operating result — period end 2026-01-31 | $739.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-01.revenue_k | Revenue — period end 2025-11-01 | $4.91B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-01.sga_k | SG&A — period end 2025-11-01 | $2.02B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-01.operating_result_k | FMP standardized operating result — period end 2025-11-01 | $42.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-09-10.revenue_actual | Revenue · reported — report date 2026-09-10 | $4.87B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-10.revenue_estimated | Revenue · estimate — report date 2026-09-10 | $4.81B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-10.eps_actual | EPS · reported — report date 2026-09-10 | $0.6300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-10.eps_estimated | EPS · estimate — report date 2026-09-10 | $0.3706 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-03.revenue_actual | Revenue · reported — report date 2026-06-03 | $4.68B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-03.revenue_estimated | Revenue · estimate — report date 2026-06-03 | $4.61B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-03.eps_actual | EPS · reported — report date 2026-06-03 | $0.1300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-03.eps_estimated | EPS · estimate — report date 2026-06-03 | $0.0306 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-18.revenue_actual | Revenue · reported — report date 2026-03-18 | $7.64B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-18.revenue_estimated | Revenue · estimate — report date 2026-03-18 | $7.51B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-18.eps_actual | EPS · reported — report date 2026-03-18 | $1.6700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-18.eps_estimated | EPS · estimate — report date 2026-03-18 | $1.5300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-03.revenue_actual | Revenue · reported — report date 2025-12-03 | $4.91B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-03.revenue_estimated | Revenue · estimate — report date 2025-12-03 | $4.55B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-03.eps_actual | EPS · reported — report date 2025-12-03 | $0.0900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-03.eps_estimated | EPS · estimate — report date 2025-12-03 | −$0.1308 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $1.29B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $294.00M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-08-01. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $5.09B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 1.22× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-08-01.operating_cash_flow_m | Operating cash flow — period end 2026-08-01 | $294.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-05-02.operating_cash_flow_m | Operating cash flow — period end 2026-05-02 | $292.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-08-01.capex_m | Capital expenditure (reported) — period end 2026-08-01 | −$65.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-05-02.capex_m | Capital expenditure (reported) — period end 2026-05-02 | −$88.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-01-31.operating_cash_flow_m | Operating cash flow — period end 2026-01-31 | $1.18B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-01-31.capex_m | Capital expenditure (reported) — period end 2026-01-31 | −$24.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-11-01.operating_cash_flow_m | Operating cash flow — period end 2025-11-01 | −$8.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-11-01.capex_m | Capital expenditure (reported) — period end 2025-11-01 | −$93.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $22.00 – $30.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $24.25 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $22.50 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 15 transactions · 0 purchases, 2 sales, 13 other transactions · 11 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.holders | Reporting holders | 520 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 508 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Blackrock, INC. — shares in provider snapshot | 28,261,769 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Dimensional Fund Advisors LP — shares in provider snapshot | 16,800,787 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Vanguard Portfolio Management LLC — shares in provider snapshot | 12,863,362 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | American Century Companies INC — shares in provider snapshot | 11,030,537 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Vanguard Capital Management LLC — shares in provider snapshot | 11,020,211 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 4 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 8 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-09-29 · Expired observation | |
fin.scores | Distress and quality screens | Altman Z 2.84 · Piotroski F 7 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-04 | |
earn.est_eps | EPS estimate, FY2027 | $2.32 | UNRECORDED | Stored analyst estimates — Captured 2026-09-27 · Expired observation | |
earn.est_revenue | Revenue estimate, FY2027 | $21.78B | UNRECORDED | Stored analyst estimates — Captured 2026-09-27 · Expired observation |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 4.62× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.29B at Aug 1, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-08-01. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $0.76 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-04, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 3.33% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-09-10.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($4.87B) with the recorded estimate ($4.81B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-09-10.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.6300) with the recorded estimate ($0.3706) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 78 of 100 · Strong · pillars 75 / 70 / 97 / 60 / 84 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 78 (stored snapshot Oct 3, 2026) → 78 (current publication computed Oct 4, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-08-01. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-08-01.revenue_k,fin.q_table.depth.2026-08-01.sga_k,fin.q_table.depth.2026-08-01.operating_result_k,fin.q_table.depth.2026-05-02.revenue_k,fin.q_table.depth.2026-05-02.sga_k,fin.q_table.depth.2026-05-02.operating_result_k,fin.q_table.depth.2026-01-31.revenue_k,fin.q_table.depth.2026-01-31.sga_k,fin.q_table.depth.2026-01-31.operating_result_k,fin.q_table.depth.2025-11-01.revenue_k,fin.q_table.depth.2025-11-01.sga_k,fin.q_table.depth.2025-11-01.operating_result_k. - Earnings-history note. Source series as of 2026-09-10. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-09-10.revenue_actual,earn.history.depth.2026-09-10.revenue_estimated,earn.history.depth.2026-09-10.revenue_actual.comparison,earn.history.depth.2026-09-10.eps_actual.comparison,earn.history.depth.2026-09-10.eps_actual,earn.history.depth.2026-09-10.eps_estimated,earn.history.depth.2026-06-03.revenue_actual,earn.history.depth.2026-06-03.revenue_estimated,earn.history.depth.2026-06-03.eps_actual,earn.history.depth.2026-06-03.eps_estimated,earn.history.depth.2026-03-18.revenue_actual,earn.history.depth.2026-03-18.revenue_estimated,earn.history.depth.2026-03-18.eps_actual,earn.history.depth.2026-03-18.eps_estimated,earn.history.depth.2025-12-03.revenue_actual,earn.history.depth.2025-12-03.revenue_estimated,earn.history.depth.2025-12-03.eps_actual,earn.history.depth.2025-12-03.eps_estimated. - Cash-flow note. Source series as of 2026-08-01. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-08-01.operating_cash_flow_m,fin.opcf.depth.2026-05-02.operating_cash_flow_m,fin.opcf.depth.2026-08-01.capex_m,fin.opcf.depth.2026-05-02.capex_m,fin.opcf.depth.2026-01-31.operating_cash_flow_m,fin.opcf.depth.2026-01-31.capex_m,fin.opcf.depth.2025-11-01.operating_cash_flow_m,fin.opcf.depth.2025-11-01.capex_m.
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Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Legal name | Macy's, Inc. | 2026-03-27 | OFFICIAL | SEC EDGAR — 10-K filed 2026-03-27 |
| Business description | Macy's, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications. The company offers a broad assortment of merchandise, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other general consumer goods. As of January 29, 2022, Macy's operated 725 department stores domestically in locations such as the District of Columbia, Puerto Rico, and Guam. These stores are branded under several well-known names like Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and the beauty retailer bluemercury. Internationally, Macy's also extends its reach through licensing agreements, with operations in Dubai, United Arab Emirates, and Al Zahra, Kuwait. The company maintains a presence in the beauty and spa retail sector. Originally established in 1830, the company was previously known as Federated Department Stores, Inc. It officially changed its name to Macy's, Inc. in June 2007, and its corporate headquarters are located in New York, New York. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Sector / industry (provider taxonomy) | Consumer Cyclical / Department Stores The company's SEC filings classify it under SIC 5311 — Retail-Department Stores. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-08-01 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Revenue by segment | Home Other: $3.21B; Mens And Kids: $4.66B; Womens Apparel: $4.76B; Credit Card Revenues, Net: $669.00M; Women's Accessories, Shoes, Cosmetics and Fragrances: $9.13B | 2026-01-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2026-01-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-09-10 | FMP | Financial Modeling Prep (FMP) earnings |
| Management outlook — dated call excerpts | Captured record · 4 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-09-10 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Cash against market value | As of: 2026-08-01; Cash basis: cash and short-term investments; Net cash: -$3.79B; Total debt: $5.09B; Cash and investments: $1.29B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-08-01 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Trailing twelve-month ratio set | Quick ratio: 0.48; Current ratio: 1.59; Debt to equity: 0.32; Net margin: 3.3%; Gross margin: 36%; Operating margin: 4.9%; Return on assets: 4.8%; Return on equity: 10.1% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Cash, investments and debt | Total debt: $5.09B; Liquidity basis: cash and short-term investments; Total liabilities: $10.80B; Cash and short-term investments: $1.29B; Cash and investments: $1.29B; Long-term investments: $0; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-08-01 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-08-01 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-08-01 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Distress and quality screens | Altman Z-score: 2.83; Piotroski F-score: 7 Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) financial scores |
| Next earnings report | Date: 2026-12-02; EPS estimate: -$0.12 per share; Revenue estimate: $4.67B The date is our provider's estimate until the company confirms it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Next scheduled dividend | Ex date: 2026-09-15; Declared on: 2026-08-28; Record date: 2026-09-15; Payment date: 2026-10-01; Amount per share: $0.19 Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement. | 2026-08-28 | FMP | Financial Modeling Prep (FMP) dividend calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-13 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| SEC filing business address | 151 WEST 34TH STREET, NEW YORK, NY, 10001 The SEC filer business address. Our market-data provider separately lists "151 West 34th Street, New York City, NY, 10001, US". | 2026-09-13 | OFFICIAL | SEC EDGAR filer business address |
Data provided for informational purposes only.
ETFs that hold M
Funds in our ETF coverage that list M among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.
| ETF | Weight | Holdings as of |
|---|---|---|
| Avantis U.S. Small Cap Value ETF (AVUV) | 0.87% |