VIRGINIA RETIREMENT SYSTEMS ET Al Takes $868,000 Position in Macy’s, Inc. $M

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Macy’s, Inc. (NYSE:M) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 74,409 shares of the company’s stock, valued at approximately $868,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its stake in shares of Macy’s by 0.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 205,492 shares of the company’s stock valued at $2,581,000 after acquiring an additional 959 shares during the last quarter. Factorial Partners LLC increased its position in Macy’s by 0.9% during the 1st quarter. Factorial Partners LLC now owns 111,000 shares of the company’s stock worth $1,394,000 after purchasing an additional 1,000 shares in the last quarter. Fifth Third Bancorp increased its position 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 purchasing an additional 1,087 shares in the last quarter. US Bancorp DE increased its position in Macy’s by 6.7% during the 1st quarter. US Bancorp DE now owns 19,624 shares of the company’s stock worth $246,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Flynn Zito Capital Management LLC increased its position in Macy’s by 7.3% during the 1st quarter. Flynn Zito Capital Management LLC now owns 18,077 shares of the company’s stock worth $227,000 after purchasing an additional 1,232 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on M. Morgan Stanley increased their price objective on shares of Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Citigroup boosted their target price on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. BTIG Research initiated coverage on shares of Macy’s in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group increased their target price on Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.45.

Insider Transactions at Macy’s

In related news, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the sale, the executive vice president directly owned 136,161 shares in the company, valued at $2,416,857.75. The trade was a 42.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the sale, the senior vice president owned 23,379 shares in the company, valued at approximately $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 212,843 shares of company stock worth $3,726,670. Company insiders own 1.09% of the company’s stock.

Macy’s Stock Performance

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

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

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, September 15th. Macy’s’s payout ratio is currently 41.71%.

Macy’s 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.