Macy’s, Inc. $M Stock Holdings Lessened by Engineers Gate Manager LP

Engineers Gate Manager LP cut its stake in shares of Macy’s, Inc. (NYSE:M) by 45.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,126 shares of the company’s stock after selling 138,507 shares during the quarter. Engineers Gate Manager LP’s holdings in Macy’s were worth $3,889,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after purchasing an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after purchasing an additional 486 shares in the last quarter. Allworth Financial LP raised its holdings in Macy’s by 37.0% during the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after buying an additional 613 shares during the period. IFP Advisors Inc raised its holdings in Macy’s by 263.3% during the 4th quarter. IFP Advisors Inc now owns 2,427 shares of the company’s stock worth $54,000 after buying an additional 1,759 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Macy’s during the 4th quarter worth about $54,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Trading Up 7.5%

NYSE M opened at $22.03 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.49. Macy’s, Inc. has a 1-year low of $16.41 and a 1-year high of $26.58. The firm’s fifty day simple moving average is $23.47 and its 200-day simple moving average is $21.43. The company has a market capitalization of $5.79 billion, a PE ratio of 8.07 and a beta of 1.41.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%.The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Macy’s, Inc. will post 2.28 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.1915 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.5%. Macy’s’s payout ratio is presently 31.82%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings cut shares of Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. TD Cowen upped their price target on shares of Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, June 22nd. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen cut shares of Macy’s from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley reissued an “overweight” rating and set a $30.00 target price on shares of Macy’s in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Macy’s has a consensus rating of “Hold” and an average target price of $22.78.

Insider Buying and Selling

In related news, EVP Thomas Edwards, Jr. sold 16,419 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the sale, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.05% of the company’s stock.

Macy’s News Summary

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s exceeded analysts’ expectations for second-quarter earnings and revenue. Reported adjusted EPS was approximately $0.40 versus the $0.37 consensus, while revenue rose 1.1% year over year to roughly $4.9 billion. The company also reported growth across its major nameplates. Macy’s Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The retailer raised its fiscal 2026 outlook, projecting EPS of $2.15-$2.35 versus a $2.11 consensus and revenue of approximately $21.7-$21.8 billion, above the $21.1 billion consensus. Its sales outlook was supported by higher comparable sales expectations and continued demand from middle- and higher-income customers. Macy’s Posts Strong Results and Raises Guidance
• Positive Sentiment: Management said premium merchandise and tariff refunds helped results. The improving sales trend and a roughly 3.5% dividend yield may appeal to income-focused investors if the turnaround continues and cash generation remains solid. Premium Goods Drive Sales Growth
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, indicating that the earnings improvement and valuation are balanced by execution risks in the ongoing turnaround. BTIG Research Rating
• Negative Sentiment: Despite the beat and guidance increase, investors initially focused on Macy’s projected third-quarter adjusted loss of $0.19-$0.23 per share, which is wider than the $0.12 consensus loss. Softer near-term comparable-sales expectations and broader market weakness also pressured sentiment. Macy’s Stock and Fiscal 2026 Outlook

Macy’s Profile

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.