Stephens Inc. AR Has $1.17 Million Stake in Macy’s, Inc. $M

Stephens Inc. AR trimmed its stake in Macy’s, Inc. (NYSE:M) by 9.1% in the second quarter, HoldingsChannel.com reports. The firm owned 100,000 shares of the company’s stock after selling 10,000 shares during the period. Stephens Inc. AR’s holdings in Macy’s were worth $1,166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Securities Group LLC increased its holdings in Macy’s by 106.0% in the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock valued at $28,000 after purchasing an additional 38,800 shares during the period. Headlands Technologies LLC acquired a new stake in Macy’s in the first quarter valued at $29,000. UMB Bank n.a. increased its holdings in Macy’s by 523.0% in the second quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock valued at $37,000 after purchasing an additional 2,662 shares during the period. Fifth Third Bancorp grew its holdings in Macy’s by 28.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after acquiring an additional 1,087 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Macy’s by 116.2% during the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock worth $88,000 after acquiring an additional 4,080 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Price Performance

M stock opened at $18.64 on Friday. The stock has a market capitalization of $5.00 billion, a PE ratio of 10.65 and a beta of 1.78. The company’s 50-day moving average is $16.46 and its 200-day moving average is $13.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. Macy’s, Inc. has a 1 year low of $9.76 and a 1 year high of $19.08.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.22. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Equities research analysts expect that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a $0.1824 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.73 annualized dividend and a yield of 3.9%. Macy’s’s dividend payout ratio (DPR) is presently 41.71%.

Insider Activity

In other Macy’s news, SVP Paul Griscom sold 12,843 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the sale, the senior vice president owned 23,379 shares in the company, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the completion of the sale, the executive vice president owned 286,161 shares of the company’s stock, valued at approximately $4,950,585.30. This trade represents a 25.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 212,843 shares of company stock worth $3,726,670. 1.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on M. Morgan Stanley increased their price target on Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 price target (up from $14.00) on shares of Macy’s in a report on Wednesday, September 3rd. Finally, Jefferies Financial Group increased their price target on Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Macy’s presently has an average rating of “Hold” and a consensus price target of $15.45.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.