New York State Teachers Retirement System Has $3.72 Million Holdings in Macy’s, Inc. $M

New York State Teachers Retirement System increased its stake in Macy’s, Inc. (NYSE:M) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,350 shares of the company’s stock after buying an additional 20,533 shares during the quarter. New York State Teachers Retirement System’s holdings in Macy’s were worth $3,724,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its holdings in shares of Macy’s by 0.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 205,492 shares of the company’s stock valued at $2,581,000 after buying an additional 959 shares during the last quarter. Factorial Partners LLC boosted its holdings in shares of Macy’s by 0.9% in the 1st quarter. Factorial Partners LLC now owns 111,000 shares of the company’s stock valued at $1,394,000 after buying an additional 1,000 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Macy’s by 28.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock valued at $57,000 after buying an additional 1,087 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Macy’s by 6.7% in the 1st quarter. US Bancorp DE now owns 19,624 shares of the company’s stock valued at $246,000 after buying an additional 1,227 shares during the last quarter. Finally, Flynn Zito Capital Management LLC boosted its holdings in shares of Macy’s by 7.3% in the 1st quarter. Flynn Zito Capital Management LLC now owns 18,077 shares of the company’s stock valued at $227,000 after buying an additional 1,232 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Stock Up 0.9%

M stock opened at $17.98 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 10.27 and a beta of 1.78. The business’s fifty day moving average price is $16.13 and its two-hundred day moving average price is $13.33. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $18.47.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.22. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.69 billion. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, equities analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a $0.1824 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.1%. Macy’s’s dividend payout ratio (DPR) is presently 41.71%.

Insiders Place Their Bets

In related news, SVP Paul Griscom sold 12,843 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the transaction, the senior vice president owned 23,379 shares in the company, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $17.30, for a total value of $1,730,000.00. Following the completion of the transaction, the executive vice president owned 286,161 shares in the company, valued at $4,950,585.30. The trade was a 25.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 212,843 shares of company stock worth $3,726,670 in the last 90 days. 2.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on M shares. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on Macy’s from $14.50 to $16.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Morgan Stanley increased their price target on Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. Jefferies Financial Group increased their price target on Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, BTIG Research assumed coverage on Macy’s in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.