74,409 Shares in Macy’s, Inc. $M Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Macy’s, Inc. (NYSE:M) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 74,409 shares of the company’s stock, valued at approximately $868,000.

A number of other institutional investors also recently added to or reduced their stakes in M. Summit Securities Group LLC lifted its stake in Macy’s by 106.0% in the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after acquiring an additional 38,800 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Macy’s during the 1st quarter worth approximately $29,000. UMB Bank n.a. lifted its position in shares of Macy’s by 523.0% during the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after buying an additional 2,662 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Macy’s by 28.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after buying an additional 1,087 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Macy’s by 116.2% during the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock worth $88,000 after buying an additional 4,080 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Macy’s from $14.50 to $16.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 target price (up from $14.00) on shares of Macy’s in a report on Wednesday, September 3rd. UBS Group lifted their target price on shares of Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a report on Thursday, September 4th. Finally, Jefferies Financial Group boosted their price objective on shares of Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.45.

Macy’s Price Performance

Shares of NYSE M opened at $18.64 on Friday. The firm has a market capitalization of $5.00 billion, a P/E ratio of 10.65 and a beta of 1.78. Macy’s, Inc. has a one year low of $9.76 and a one year high of $19.08. The company’s fifty day moving average is $16.46 and its two-hundred day moving average is $13.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.19 by $0.22. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue was down 2.5% on a year-over-year basis. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.9%. Macy’s’s payout ratio is currently 41.71%.

Insider Activity

In other Macy’s news, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the transaction, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. This represents a 35.46% decrease in their position. The transaction 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 company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the completion of the transaction, the executive vice president owned 136,161 shares in the company, valued at approximately $2,416,857.75. This trade represents a 42.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 212,843 shares of company stock worth $3,726,670 over the last quarter. Insiders own 1.09% of the company’s stock.

About Macy’s

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.