Sei Investments Co. lowered its holdings in shares of Macy’s, Inc. (NYSE:M – Free Report) by 7.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 639,496 shares of the company’s stock after selling 53,296 shares during the period. Sei Investments Co.’s holdings in Macy’s were worth $11,568,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of M. Lido Advisors LLC purchased a new stake in shares of Macy’s in the first quarter valued at about $232,000. State of Wyoming purchased a new position in shares of Macy’s during the first quarter worth about $384,000. Cetera Investment Advisers grew its holdings in shares of Macy’s by 32.2% during the first quarter. Cetera Investment Advisers now owns 67,577 shares of the company’s stock worth $1,222,000 after buying an additional 16,469 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Macy’s by 4.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 27,733 shares of the company’s stock valued at $502,000 after acquiring an additional 1,192 shares during the period. Finally, Convergence Investment Partners LLC increased its position in Macy’s by 174.3% in the 1st quarter. Convergence Investment Partners LLC now owns 115,882 shares of the company’s stock valued at $2,096,000 after acquiring an additional 73,638 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Paul Griscom sold 10,077 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the transaction, the senior vice president owned 25,373 shares in the company, valued at $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. This represents a 45.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.05% of the stock is currently owned by insiders.
Macy’s Trading Down 0.6%
Macy’s (NYSE:M – Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. 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, research analysts anticipate that Macy’s, Inc. will post 2.19 EPS for the current fiscal year.
Macy’s Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a dividend of $0.1915 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.1%. Macy’s’s payout ratio is currently 31.82%.
Analyst Upgrades and Downgrades
M has been the subject of a number of recent research reports. Zacks Research raised Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Telsey Advisory Group boosted their target price on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. TD Cowen increased their price target on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Evercore set a $22.00 price objective on shares of Macy’s in a research report on Thursday, June 4th. Finally, Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.70.
Get Our Latest Stock Analysis on Macy’s
Macy’s Company Profile
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.
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