Wealthfront Advisers LLC Trims Position in Macy’s, Inc. $M

Wealthfront Advisers LLC trimmed its holdings in shares of Macy’s, Inc. (NYSE:M) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,454 shares of the company’s stock after selling 2,317 shares during the period. Wealthfront Advisers LLC’s holdings in Macy’s were worth $1,288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. MQS Management LLC acquired a new stake in Macy’s during the 2nd quarter valued at approximately $166,000. State of New Jersey Common Pension Fund D lifted its stake in Macy’s by 22.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 158,007 shares of the company’s stock valued at $1,842,000 after acquiring an additional 28,695 shares during the period. Dupree Financial Group LLC acquired a new stake in Macy’s during the 2nd quarter valued at approximately $6,115,000. Cidel Asset Management Inc. acquired a new stake in Macy’s during the 2nd quarter valued at approximately $135,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Macy’s during the 2nd quarter valued at approximately $868,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Macy’s news, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Danielle L. Kirgan sold 100,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the sale, the executive vice president directly owned 286,161 shares of the company’s stock, valued at $4,950,585.30. The trade was a 25.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 212,843 shares of company stock valued at $3,726,670 over the last 90 days. 1.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on M. Zacks Research upgraded shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. BTIG Research began coverage on shares of Macy’s in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Barclays lifted their target price on shares of Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, September 4th. 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 lifted their target price on shares of Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Macy’s has a consensus rating of “Hold” and an average price target of $15.45.

Macy’s Stock Performance

NYSE:M opened at $19.54 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. The company has a fifty day moving average of $17.10 and a two-hundred day moving average of $13.76. The stock has a market capitalization of $5.25 billion, a PE ratio of 11.17 and a beta of 1.78. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $19.99.

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 analysts’ consensus estimates of $0.19 by $0.22. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, research analysts forecast that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a dividend of $0.1824 per share. The ex-dividend date is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a yield of 3.7%. Macy’s’s dividend payout ratio is currently 41.71%.

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.