Macy’s, Inc. $M Stock Position Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position in Macy’s, Inc. (NYSE:M) by 94.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,574 shares of the company’s stock after selling 120,358 shares during the period. Sterling Capital Management LLC’s holdings in Macy’s were worth $172,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Macy’s in the 2nd quarter valued at approximately $67,450,000. Arrowstreet Capital Limited Partnership boosted its stake in Macy’s by 81.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock worth $104,266,000 after purchasing an additional 2,594,549 shares during the period. Wellington Management Group LLP purchased a new position in Macy’s during the 2nd quarter worth approximately $32,562,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Macy’s during the 1st quarter worth approximately $23,314,000. Finally, Pacer Advisors Inc. grew its position in Macy’s by 40.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,881,348 shares of the company’s stock worth $34,034,000 after purchasing an additional 543,867 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Stock Down 2.5%

Macy’s stock opened at $24.11 on Friday. Macy’s, Inc. has a twelve month low of $16.69 and a twelve month high of $26.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 1.59. The firm has a market cap of $6.30 billion, a PE ratio of 8.83 and a beta of 1.44. The firm’s 50 day moving average price is $22.80 and its two-hundred day moving average price is $21.68.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. On average, research analysts predict that Macy’s, Inc. will post 2.32 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Tuesday, December 15th will be given a $0.1915 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.2%. Macy’s’s dividend payout ratio (DPR) is currently 28.21%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Macy’s from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Morgan Stanley began coverage on Macy’s in a research report on Monday, July 6th. They set an “overweight” rating and a $30.00 price target on the stock. UBS Group reissued a “sell” rating on shares of Macy’s in a research report on Thursday, September 17th. Citigroup increased their price objective on Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings upgraded Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.78.

About Macy’s

Macy’s, Inc (NYSE: M) is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy’s, Bloomingdale’s, and Bluemercury. Macy’s serves a broad customer base with fashion, beauty, and home products, while Bloomingdale’s focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.