Macy’s, Inc. $M Shares Newly Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Macy’s, Inc. (NYSE:M) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 173,460 shares of the company’s stock, valued at approximately $3,950,000. Knights of Columbus Asset Advisors LLC owned about 0.07% of Macy’s as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Flynn Zito Capital Management LLC increased its stake in shares of Macy’s by 16.2% in the third quarter. Flynn Zito Capital Management LLC now owns 13,269 shares of the company’s stock worth $302,000 after purchasing an additional 1,852 shares in the last quarter. AlphaCore Capital LLC raised its position in shares of Macy’s by 100.0% in the third quarter. AlphaCore Capital LLC now owns 18,386 shares of the company’s stock valued at $419,000 after purchasing an additional 9,194 shares during the period. Fulcrum Asset Management LLP lifted its stake in shares of Macy’s by 3,303.6% during the 3rd quarter. Fulcrum Asset Management LLP now owns 244,852 shares of the company’s stock valued at $5,698,000 after buying an additional 237,658 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Macy’s during the 3rd quarter valued at approximately $433,000. Finally, Ethic Inc. lifted its stake in shares of Macy’s by 12.9% during the 3rd quarter. Ethic Inc. now owns 20,706 shares of the company’s stock valued at $471,000 after buying an additional 2,363 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Analysts Set New Price Targets

M has been the subject of several analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. Zacks Research cut shares of Macy’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Citigroup increased their target price on Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, TD Cowen began coverage on Macy’s in a report on Friday, October 30th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.78.

Macy’s Trading Up 0.8%

Shares of M opened at $25.14 on Wednesday. The business’s 50-day moving average price is $23.06 and its 200-day moving average price is $21.79. Macy’s, Inc. has a twelve month low of $16.69 and a twelve month high of $26.58. The stock has a market cap of $6.57 billion, a PE ratio of 9.21 and a beta of 1.39. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49.

Macy’s (NYSE:M) last announced its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.26. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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, equities analysts forecast 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. Shareholders of record on Tuesday, December 15th will be issued a $0.1915 dividend. This represents a $0.77 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, December 15th. Macy’s’s dividend payout ratio (DPR) is presently 27.84%.

Macy’s Profile

Macy’s, Inc. is a U.S. retailer operating department stores and digital shopping platforms under the Macy’s, Bloomingdale’s and Bluemercury brands. Its offerings include apparel, footwear, accessories, beauty products, jewelry, home furnishings and other consumer goods. The company traces its history to 1858, when Rowland Hussey Macy opened a dry-goods store in New York City. Macy’s, Inc. serves customers primarily in the United States through its stores and e-commerce businesses. Tony Spring, who previously led Bloomingdale’s, became Macy’s, Inc.’s chief executive officer in 2024.