Macy’s, Inc. $M Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its holdings in Macy’s, Inc. (NYSE:M) by 14.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,145 shares of the company’s stock after buying an additional 8,840 shares during the quarter. Penserra Capital Management LLC’s holdings in Macy’s were worth $817,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Factorial Partners LLC lifted its holdings in Macy’s by 0.9% during the first quarter. Factorial Partners LLC now owns 111,000 shares of the company’s stock valued at $1,394,000 after purchasing an additional 1,000 shares in the last quarter. Fifth Third Bancorp increased its stake 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 buying an additional 1,087 shares in the last quarter. US Bancorp DE raised its holdings in shares of Macy’s by 6.7% during the first quarter. US Bancorp DE now owns 19,624 shares of the company’s stock valued at $246,000 after acquiring an additional 1,227 shares during the last quarter. Flynn Zito Capital Management LLC raised its holdings in shares of Macy’s by 7.3% during the first quarter. Flynn Zito Capital Management LLC now owns 18,077 shares of the company’s stock valued at $227,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Macy’s by 6.3% in the first quarter. Sei Investments Co. now owns 22,365 shares of the company’s stock valued at $281,000 after acquiring an additional 1,317 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Price Performance

Shares of M stock opened at $20.44 on Wednesday. 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 company has a market capitalization of $5.49 billion, a PE ratio of 11.68 and a beta of 1.83. The firm’s 50-day moving average is $18.18 and its two-hundred day moving average is $14.31. Macy’s, Inc. has a 12 month low of $9.76 and a 12 month high of $21.25.

Macy’s (NYSE:M) last posted 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. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Analysts predict that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Announces Dividend

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 paid a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. Macy’s’s dividend payout ratio is 41.71%.

Insiders Place Their Bets

In other Macy’s news, EVP Danielle L. Kirgan sold 100,000 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the transaction, the executive vice president owned 286,161 shares of the company’s stock, valued at $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 of the company’s stock, valued at approximately $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 212,843 shares of company stock valued at $3,726,670. Company insiders own 2.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on M. Zacks Research upgraded Macy’s from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Wednesday, October 8th. Morgan Stanley boosted their price target on shares of Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 18th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price objective (up previously from $14.00) on shares of Macy’s in a report on Wednesday, September 3rd. Finally, Wall Street Zen raised shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Saturday. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Macy’s currently has an average rating of “Hold” and an average target price 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.