LSV Asset Management Has $49.48 Million Holdings in Macy’s, Inc. $M

LSV Asset Management trimmed its holdings in shares of Macy’s, Inc. (NYSE:M) by 3.9% in the second quarter, HoldingsChannel reports. The firm owned 4,243,845 shares of the company’s stock after selling 172,600 shares during the period. LSV Asset Management’s holdings in Macy’s were worth $49,483,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its stake in shares of Macy’s by 418.7% in the first quarter. CWM LLC now owns 70,335 shares of the company’s stock valued at $883,000 after buying an additional 56,776 shares in the last quarter. Victory Capital Management Inc. lifted its position in Macy’s by 55.5% during the 1st quarter. Victory Capital Management Inc. now owns 365,451 shares of the company’s stock worth $4,590,000 after buying an additional 130,457 shares in the last quarter. Flynn Zito Capital Management LLC grew its holdings 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 acquiring an additional 1,232 shares during the last quarter. Readystate Asset Management LP increased its position in Macy’s by 64.1% in the 1st quarter. Readystate Asset Management LP now owns 445,880 shares of the company’s stock valued at $5,600,000 after acquiring an additional 174,169 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Macy’s in the first quarter worth about $640,000. Institutional investors own 87.36% of the company’s stock.

Insider Transactions at Macy’s

In related news, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 286,161 shares in the company, valued at $4,950,585.30. This trade represents a 25.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the transaction, the senior vice president directly owned 23,379 shares in the company, valued at $403,521.54. The trade was a 35.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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 Price Performance

Shares of M stock opened at $19.49 on Wednesday. The firm’s 50 day moving average price is $18.46 and its two-hundred day moving average price is $14.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. Macy’s, Inc. has a 52-week low of $9.76 and a 52-week high of $21.25. The stock has a market cap of $5.23 billion, a PE ratio of 11.14 and a beta of 1.83.

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 analysts’ consensus estimates of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue 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. As a group, analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current year.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be paid a $0.1824 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.73 annualized dividend and a yield of 3.7%. Macy’s’s dividend payout ratio is presently 41.71%.

Wall Street Analyst Weigh In

M has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Jefferies Financial Group upped their price objective on Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. BTIG Research started coverage on Macy’s in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Macy’s in a research report on Thursday, November 13th. Finally, Barclays upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Macy’s presently 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.