Wealthfront Advisers LLC Reduces Position in Macy’s, Inc. $M

Wealthfront Advisers LLC decreased its holdings in shares of Macy’s, Inc. (NYSE:M) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,454 shares of the company’s stock after selling 2,317 shares during the quarter. Wealthfront Advisers LLC’s holdings in Macy’s were worth $1,288,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of M. Summit Securities Group LLC grew its holdings in shares of Macy’s by 106.0% during the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after buying an additional 38,800 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Macy’s during the 1st quarter valued at about $29,000. UMB Bank n.a. boosted its position in shares of Macy’s by 523.0% during the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock valued at $37,000 after acquiring an additional 2,662 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Macy’s by 28.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock valued at $57,000 after acquiring an additional 1,087 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Macy’s by 116.2% during the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock valued at $88,000 after acquiring an additional 4,080 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Trading Up 0.0%

NYSE M opened at $19.54 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The stock has a market capitalization of $5.25 billion, a P/E ratio of 11.17 and a beta of 1.78. The firm’s 50-day moving average is $17.10 and its two-hundred day moving average is $13.76. Macy’s, Inc. has a 12 month low of $9.76 and a 12 month high of $19.99.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, sell-side analysts anticipate 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. Shareholders of record on Monday, December 15th will be paid a dividend of $0.1824 per share. The ex-dividend date is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a yield of 3.7%. Macy’s’s dividend payout ratio is 41.71%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays boosted their price target on shares of Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research report on Wednesday, October 8th. Telsey Advisory Group reissued a “market perform” rating and set a $17.00 price target (up previously from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. BTIG Research assumed coverage on shares of Macy’s in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Macy’s from $14.50 to $16.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Macy’s currently has a consensus rating of “Hold” and an average price target of $15.45.

Insider Transactions at Macy’s

In other Macy’s news, SVP Paul Griscom sold 12,843 shares of the business’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 directly owned 23,379 shares in the company, valued at $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the sale, the executive vice president owned 136,161 shares in the company, valued at $2,416,857.75. This trade represents a 42.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 212,843 shares of company stock worth $3,726,670 over the last quarter. Insiders own 1.09% of the company’s stock.

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.