Delta Global Management LP Buys Shares of 108,338 Macy’s, Inc. $M

Delta Global Management LP purchased a new stake in Macy’s, Inc. (NYSE:M) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 108,338 shares of the company’s stock, valued at approximately $2,389,000.

Several other hedge funds also recently made changes to their positions in M. 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 Macy’s during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC grew its position in Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after buying an additional 526 shares in the last quarter. Bessemer Group Inc. grew its position in Macy’s by 41.4% during the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after buying an additional 592 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Macy’s by 35.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Macy’s

In other news, EVP Danielle L. Kirgan sold 10,010 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $179,379.20. Following the completion of the sale, the executive vice president owned 108,008 shares of the company’s stock, valued at approximately $1,935,503.36. The trade was a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $94,456.32. Following the completion of the sale, the executive vice president directly owned 28,773 shares of the company’s stock, valued at approximately $515,612.16. This trade represents a 15.48% 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. In the last three months, insiders sold 94,967 shares of company stock worth $1,705,276. 1.05% of the stock is currently owned by company insiders.

Macy’s Trading Down 2.9%

Shares of M stock opened at $24.64 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $20.31 and a two-hundred day moving average price of $20.73. Macy’s, Inc. has a 12-month low of $10.54 and a 12-month high of $25.65. The firm has a market cap of $6.48 billion, a P/E ratio of 10.18 and a beta of 1.48.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. 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 fiscal year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.1915 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.1%. Macy’s’s payout ratio is 31.82%.

Wall Street Analyst Weigh In

M has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating and set a $22.00 target price on shares of Macy’s in a research report on Wednesday, March 18th. Telsey Advisory Group boosted their target price on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, TD Cowen reduced their target price on Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Macy’s presently has a consensus rating of “Reduce” and a consensus price target of $20.30.

Macy’s Company 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.