Readystate Asset Management LP Sells 49,176 Shares of Macy’s, Inc. $M

Posted by Stanley Muller on Sep 7th, 2026

Macy's logo Readystate Asset Management LP decreased its position in Macy’s, Inc. (NYSE:M – Free Report) by 26.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,539 shares of the company’s stock after selling 49,176 shares during the quarter. Readystate Asset Management LP’s holdings in Macy’s were worth $3,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Macy’s by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock worth $298,035,000 after acquiring an additional 329,675 shares in the last quarter. RWC Asset Management LLP boosted its stake in shares of Macy’s by 0.6% in the 4th quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock valued at $241,782,000 after purchasing an additional 62,839 shares in the last quarter. State Street Corp boosted its stake in shares of Macy’s by 0.5% in the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after purchasing an additional 45,997 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Macy’s by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock valued at $150,448,000 after purchasing an additional 2,750,115 shares during the last quarter. Finally, LSV Asset Management raised its position in Macy’s by 26.1% in the 4th quarter. LSV Asset Management now owns 6,004,835 shares of the company’s stock worth $132,407,000 after purchasing an additional 1,244,631 shares during the period. 87.36% of the stock is currently owned by institutional investors.

Macy’s Stock Performance

NYSE:M opened at $23.06 on Monday. The stock has a market cap of $6.07 billion, a P/E ratio of 9.53 and a beta of 1.41. The firm’s fifty day simple moving average is $23.63 and its 200 day simple moving average is $21.44. Macy’s, Inc. has a twelve month low of $16.41 and a twelve month high of $26.58. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Macy’s’s dividend payout ratio is presently 31.82%.

Wall Street Analyst Weigh In

Several research firms have weighed in on M. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. UBS Group lifted their price objective on Macy’s from $9.00 to $10.00 and gave the stock a “sell” rating in a report on Wednesday, August 26th. Morgan Stanley restated an “overweight” rating and set a $30.00 target price on shares of Macy’s in a report on Monday, July 6th. Citigroup lifted their price target on Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Finally, Evercore set a $22.00 target price on shares of Macy’s in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.78.

Read Our Latest Analysis on Macy’s

Insider Activity

In related news, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the sale, the senior vice president directly owned 25,373 shares in the company, valued at $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas Edwards, Jr. sold 16,419 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the sale, the executive vice president directly owned 20,000 shares in the company, valued at approximately $497,800. The trade was a 45.08% 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. Company 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.