Macy’s, Inc. $M Stock Position Raised by RWC Asset Management LLP

Posted by George Bondi on Jun 8th, 2026

Macy's logo RWC Asset Management LLP increased its stake in Macy’s, Inc. (NYSE:M – Free Report) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,965,149 shares of the company’s stock after purchasing an additional 62,839 shares during the quarter. Macy’s accounts for 11.9% of RWC Asset Management LLP’s portfolio, making the stock its largest position. RWC Asset Management LLP’s holdings in Macy’s were worth $241,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Macy’s by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company’s stock worth $2,047,000 after purchasing an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Macy’s by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock worth $14,019,000 after purchasing an additional 55,821 shares during the last quarter. Focus Partners Wealth boosted its holdings in Macy’s by 33.1% in the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after purchasing an additional 14,489 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Macy’s by 49.6% in the second quarter. Cetera Investment Advisers now owns 24,300 shares of the company’s stock worth $283,000 after purchasing an additional 8,053 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Macy’s by 160.5% during the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after acquiring an additional 2,639,132 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Stock Up 0.1%

M opened at $22.19 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. Macy’s, Inc. has a fifty-two week low of $10.54 and a fifty-two week high of $24.41. The firm’s fifty day moving average is $19.62 and its 200 day moving average is $20.57. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 9.17 and a beta of 1.48.

Macy’s (NYSE:M – Get Free Report) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the previous year, the company earned $0.16 EPS. Macy’s’s revenue for the quarter was up 1.8% on a year-over-year basis. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. On average, sell-side analysts forecast that Macy’s, Inc. will post 2.15 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.1915 per share. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.5%. Macy’s’s payout ratio is 31.40%.

Wall Street Analysts Forecast Growth

M has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday. Evercore set a $22.00 price target on shares of Macy’s in a research note on Thursday. UBS Group reiterated a “sell” rating on shares of Macy’s in a research note on Thursday. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, TD Cowen dropped their price target on shares of Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $20.30.

Get Our Latest Analysis on M

Key Headlines Impacting Macy’s

Here are the key news stories impacting Macy’s this week:

Positive Sentiment: Macy’s reported earnings that topped estimates across the board, with comps rising 3% year over year and management raising its full-year outlook, signaling that the turnaround strategy is working. Why Is Macy’s (M) Stock Rocketing Higher Today
Positive Sentiment: JPMorgan and Telsey both raised their price targets on Macy’s, reflecting improved confidence in the company’s earnings power and recovery trajectory. Price target raised by JPMorgan Chase & Co.
Positive Sentiment: Traders bought significantly more call options than usual, a sign that some investors are positioning for additional upside after the earnings beat.
Neutral Sentiment: Macy’s also announced it will participate in the Evercore Consumer and Retail Conference, which keeps the company in front of investors but does not materially change fundamentals. Macy’s, Inc. to Participate in 6th Annual Evercore Consumer and Retail Conference
Neutral Sentiment: Coverage also highlighted Berkshire Hathaway’s new stake in Macy’s and broader interest in the retailer’s improving prospects, adding to the bullish narrative around the stock. Why Macy’s Stock Jumped 11% in May
Negative Sentiment: The removal of Macy’s long-running Herald Square “shopping bag” billboard is a symbolic change, but it is more of a branding/cultural story than a direct financial driver. Macy’s 60-year-old ‘shopping bag’ billboard in Herald Square to be demolished

Insider Activity

In other Macy’s news, EVP Tracy M. Preston sold 5,271 shares of Macy’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $94,456.32. Following the sale, the executive vice president directly owned 28,773 shares in the company, valued at approximately $515,612.16. The trade was a 15.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Danielle L. Kirgan sold 10,010 shares of Macy’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $179,379.20. Following the completion of the sale, the executive vice president owned 108,008 shares in the company, valued at approximately $1,935,503.36. This represents a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 94,967 shares of company stock worth $1,705,276 in the last quarter. Corporate insiders own 1.05% of the company’s stock.

Macy’s Profile

(Free Report)

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.