Penserra Capital Management LLC Acquires 8,840 Shares of Macy’s, Inc. $M

Penserra Capital Management LLC grew its stake in shares of Macy’s, Inc. (NYSE:M) by 14.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,145 shares of the company’s stock after buying an additional 8,840 shares during the period. Penserra Capital Management LLC’s holdings in Macy’s were worth $817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Summit Securities Group LLC lifted its position in shares of 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 buying an additional 38,800 shares in 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. boosted 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 valued at $37,000 after acquiring an additional 2,662 shares during the last quarter. Fifth Third Bancorp boosted 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 valued at $57,000 after acquiring an additional 1,087 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Macy’s by 116.2% in the second quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock valued at $88,000 after purchasing an additional 4,080 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Paul Griscom sold 12,843 shares of the company’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 directly owned 23,379 shares of the company’s stock, valued at $403,521.54. This represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total value of $1,775,000.00. Following the sale, the executive vice president directly owned 136,161 shares of the company’s stock, valued at $2,416,857.75. This trade represents a 42.34% 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 worth $3,726,670 over the last three months. Corporate insiders own 2.77% of the company’s stock.

Macy’s Price Performance

Shares of M stock opened at $20.44 on Wednesday. The stock’s 50-day moving average is $18.18 and its 200 day moving average is $14.31. Macy’s, Inc. has a 1-year low of $9.76 and a 1-year high of $21.25. 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 company has a market cap of $5.49 billion, a P/E ratio of 11.68 and a beta of 1.83.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating 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 business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The company’s quarterly 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. Research analysts predict that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be paid a $0.1824 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a yield of 3.6%. Macy’s’s dividend payout ratio (DPR) is 41.71%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Macy’s from $14.50 to $16.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. raised their target price on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, UBS Group increased their price objective on shares of Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a research report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.45.

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.