LSV Asset Management Has $49.48 Million Stake in Macy’s, Inc. $M

LSV Asset Management reduced its holdings in Macy’s, Inc. (NYSE:M) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,243,845 shares of the company’s stock after selling 172,600 shares during the quarter. LSV Asset Management owned about 1.56% of Macy’s worth $49,483,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Summit Securities Group LLC lifted its position in shares of Macy’s by 106.0% during the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after purchasing an additional 38,800 shares during the last quarter. Headlands Technologies LLC bought a new position in Macy’s in the 1st quarter worth approximately $29,000. UMB Bank n.a. lifted its holdings in shares of Macy’s by 523.0% during the second quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after buying an additional 2,662 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Macy’s by 28.7% in the second 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 period. Finally, GAMMA Investing LLC grew its stake 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 worth $88,000 after acquiring an additional 4,080 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Macy’s

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were 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 in the company, valued at approximately $2,416,857.75. The trade was a 42.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $221,670.18. Following the completion of the sale, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. The trade was a 35.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 212,843 shares of company stock worth $3,726,670. 1.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BTIG Research assumed coverage on shares of Macy’s in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Zacks Research upgraded shares of Macy’s from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 target price (up previously from $14.00) on shares of Macy’s in a research note on Wednesday, September 3rd. Barclays lifted their target price on Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. Finally, Morgan Stanley upped their price target on Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.45.

Macy’s Price Performance

Shares of Macy’s stock opened at $19.49 on Wednesday. The firm has a market cap of $5.23 billion, a P/E ratio of 11.14 and a beta of 1.83. The firm’s 50-day simple moving average is $18.46 and its 200-day simple moving average is $14.60. Macy’s, Inc. has a twelve month low of $9.76 and a twelve month high of $21.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. The firm 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 company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $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 expect that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The business also recently declared 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 of this dividend is Monday, December 15th. This represents a $0.73 annualized dividend and a yield of 3.7%. Macy’s’s 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.