Mitsubishi UFJ Trust & Banking Corp Buys 246,075 Shares of Macy’s, Inc. $M

Mitsubishi UFJ Trust & Banking Corp increased its stake in Macy’s, Inc. (NYSE:M) by 41.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 845,268 shares of the company’s stock after purchasing an additional 246,075 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.31% of Macy’s worth $9,856,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Macy’s by 418.7% during the 1st quarter. CWM LLC now owns 70,335 shares of the company’s stock valued at $883,000 after buying an additional 56,776 shares during the period. Edgestream Partners L.P. purchased a new stake in Macy’s during the first quarter valued at $192,000. Victory Capital Management Inc. lifted its holdings in Macy’s by 55.5% in the first quarter. Victory Capital Management Inc. now owns 365,451 shares of the company’s stock valued at $4,590,000 after acquiring an additional 130,457 shares during the period. Flynn Zito Capital Management LLC boosted its position in Macy’s by 7.3% in the first quarter. Flynn Zito Capital Management LLC now owns 18,077 shares of the company’s stock worth $227,000 after purchasing an additional 1,232 shares during the last quarter. Finally, Readystate Asset Management LP boosted its position in Macy’s by 64.1% in the first quarter. Readystate Asset Management LP now owns 445,880 shares of the company’s stock worth $5,600,000 after purchasing an additional 174,169 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Price Performance

NYSE M opened at $19.98 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. Macy’s, Inc. has a 12 month low of $9.76 and a 12 month high of $21.25. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 11.42 and a beta of 1.83. The company’s 50 day moving average is $18.38 and its two-hundred day moving average is $14.49.

Macy’s (NYSE:M) last posted its quarterly earnings results 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 business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The company’s revenue 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 anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the transaction, the senior vice president owned 23,379 shares of the company’s stock, valued at $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 available at this hyperlink. Also, EVP Danielle L. Kirgan sold 100,000 shares of the 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 owned 136,161 shares of the company’s stock, valued at $2,416,857.75. This represents a 42.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 212,843 shares of company stock valued at $3,726,670 in the last quarter. 1.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on M shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Macy’s in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Morgan Stanley increased their price target on shares of Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 18th. Citigroup lifted their price target on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Finally, Wall Street Zen raised shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Two 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.45.

Macy’s Profile

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.