Fox Run Management L.L.C. Makes New $1.27 Million Investment in Macy’s, Inc. $M

Fox Run Management L.L.C. acquired a new position in shares of Macy’s, Inc. (NYSE:M) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 57,612 shares of the company’s stock, valued at approximately $1,270,000.

Several other institutional investors also recently bought and sold shares of the business. Strengthening Families & Communities LLC purchased a new position in shares of Macy’s in the fourth quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in shares of Macy’s in the fourth quarter valued at $29,000. Bessemer Group Inc. boosted its stake in shares of Macy’s by 41.4% in the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after purchasing an additional 592 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Macy’s by 101.1% in the third quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after purchasing an additional 1,162 shares during the period. Finally, CoreCap Advisors LLC boosted its stake in shares of Macy’s by 7,265.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after purchasing an additional 2,325 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on M shares. Jefferies Financial Group restated a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research note on Wednesday, March 18th. JPMorgan Chase & Co. upped their target price on shares of Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. UBS Group restated a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Telsey Advisory Group upped their price target on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Finally, Zacks Research raised shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Macy’s has a consensus rating of “Reduce” and a consensus price target of $20.30.

Macy’s Stock Down 0.5%

Shares of NYSE:M opened at $22.16 on Wednesday. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 9.16 and a beta of 1.48. Macy’s, Inc. has a 1-year low of $10.54 and a 1-year high of $24.41. The company’s fifty day moving average is $19.78 and its two-hundred day moving average is $20.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Equities analysts anticipate that Macy’s, Inc. will post 2.15 EPS for the current year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.1915 per share. The ex-dividend date is Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.5%. Macy’s’s dividend payout ratio is currently 31.82%.

Insider Activity

In other news, CEO Olivier Bron sold 7,228 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $129,525.76. Following the completion of the transaction, the chief executive officer owned 21,590 shares in the company, valued at approximately $386,892.80. This represents a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Danielle L. Kirgan sold 10,010 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $179,379.20. Following the transaction, the executive vice president owned 108,008 shares of the company’s stock, valued at $1,935,503.36. This represents a 8.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 94,967 shares of company stock worth $1,705,276 over the last ninety days. Insiders own 1.05% of the company’s stock.

Macy’s Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.