Macy’s Inc (NYSE:M)willreport its fiscal first quarter results before opening bell on Wednesday, June 3.

Analysts expect the New York City, New York-based company to report EPS of $0.03 for the quarter on revenue of $4.61 billion. While this represents a steep sequential decline from the holiday-boosted fourth quarter, it aligns with historical seasonal trends and represents flat year-over-year revenue.

Berkshire Hathaway disclosed a new stake in Macy's during the first quarter, acquiring 3,038,355 shares worth approximately $55 million, representing about a 1% ownership. Investors will closely watch Macy's first quarter report and future filings from Berkshire Hathaway to see whether it raises its stake in the retailer.

Macy's shares rose 0.60% to close at $21.67 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating on the stock, with a price target of $20 on April 1, 2026. This analyst has an accuracy rate of 65%.

Citigroup analyst Paul Lejuez reiterated a Neutral rating on the stock, while lowering the price target from $24 to $18 on March 19, 2026. This analyst has an accuracy rate of 64%.

TD Cowen analyst Oliver Chen maintained the stock with a Hold rating, while cutting the price target from $21 to $20 on March 19, 2026. This analyst has an accuracy rate of 51%.

JP Morgan analyst Matthew Boss reaffirmed the stock at Neutral, while lowering the price target from $24 to $21 on March 18, 2026. This analyst has an accuracy rate of 68%.

Considering buying M stock? Here’s what analysts think: