Macy’s, Inc. $M Shares Acquired by Royal Bank of Canada

Posted by Stanley Muller on Aug 16th, 2026

Macy's logo Royal Bank of Canada lifted its stake in shares of Macy’s, Inc. (NYSE:M – Free Report) by 149.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,506 shares of the company’s stock after purchasing an additional 105,117 shares during the period. Royal Bank of Canada’s holdings in Macy’s were worth $3,175,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of M. Strengthening Families & Communities LLC bought a new position in Macy’s during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its holdings in shares of Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after purchasing an additional 526 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Macy’s by 96.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,463 shares of the company’s stock worth $54,000 after buying an additional 1,210 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Macy’s in the 4th quarter valued at about $54,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Paul Griscom sold 10,077 shares of the stock in a transaction that occurred 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 directly owned 25,373 shares of the company’s stock, valued at $650,309.99. This represents a 28.43% decrease in their position. 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 that occurred 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 sale, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. This represents a 45.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.05% of the company’s stock.

Analyst Ratings Changes

M has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Evercore set a $22.00 target price on Macy’s in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. UBS Group reiterated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Finally, Weiss Ratings downgraded Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.70.

Check Out Our Latest Stock Report on M

Macy’s Stock Down 1.7%

Macy’s stock opened at $23.43 on Friday. 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 one year low of $12.65 and a one year high of $26.58. The company has a 50-day simple moving average of $24.14 and a 200-day simple moving average of $21.27. The firm has a market capitalization of $6.16 billion, a P/E ratio of 9.68 and a beta of 1.47.

Macy’s (NYSE:M – Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. Macy’s’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, equities analysts expect that Macy’s, Inc. will post 2.19 earnings per share for the current year.

About Macy’s

(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.