14,277 Shares in Macy’s, Inc. $M Purchased by MQS Management LLC

MQS Management LLC bought a new position in shares of Macy’s, Inc. (NYSE:M) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,277 shares of the company’s stock, valued at approximately $166,000.

Several other institutional investors have also recently made changes to their positions in the business. Summit Securities Group LLC boosted its stake in Macy’s by 106.0% during the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock valued at $28,000 after buying an additional 38,800 shares during the last quarter. Headlands Technologies LLC bought a new position in Macy’s during the first quarter valued at approximately $29,000. UMB Bank n.a. boosted its stake in Macy’s by 523.0% during the second quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock valued at $37,000 after buying an additional 2,662 shares during the last quarter. Fifth Third Bancorp boosted its stake in Macy’s by 28.7% during the second quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock valued at $57,000 after buying an additional 1,087 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Macy’s by 116.2% during the second quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock valued at $88,000 after buying an additional 4,080 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analysts Set New Price Targets

M has been the subject of a number of research reports. Barclays increased their price target on Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, September 4th. Zacks Research raised Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Morgan Stanley increased their price target on Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. The Goldman Sachs Group raised their price objective on Macy’s from $14.50 to $16.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group raised their price objective 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 analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.45.

Insider Activity at Macy’s

In other news, SVP Paul Griscom sold 12,843 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the sale, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total value of $1,775,000.00. Following the completion of the sale, the executive vice president owned 136,161 shares in the company, valued at approximately $2,416,857.75. The trade was a 42.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 212,843 shares of company stock worth $3,726,670. Company insiders own 2.77% of the company’s stock.

Macy’s Trading Up 1.6%

Shares of NYSE M opened at $19.69 on Wednesday. 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 business’s 50 day moving average price is $16.83 and its 200-day moving average price is $13.66. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $19.70. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 11.25 and a beta of 1.78.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. 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, sell-side analysts expect that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be issued a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, December 15th. Macy’s’s dividend payout ratio is presently 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.