Rhumbline Advisers Has $9.74 Million Position in Macy’s, Inc. $M

Rhumbline Advisers boosted its stake in shares of Macy’s, Inc. (NYSE:M) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 775,687 shares of the company’s stock after purchasing an additional 1,797 shares during the quarter. Rhumbline Advisers’ holdings in Macy’s were worth $9,743,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Belpointe Asset Management LLC lifted its stake in shares of Macy’s by 43.8% during the 1st quarter. Belpointe Asset Management LLC now owns 31,961 shares of the company’s stock worth $401,000 after buying an additional 9,731 shares during the last quarter. Focus Partners Wealth lifted its position in Macy’s by 33.1% during the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after acquiring an additional 14,489 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Macy’s during the first quarter worth approximately $720,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Macy’s by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock valued at $14,019,000 after purchasing an additional 55,821 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Macy’s by 1,037.3% during the first quarter. Empowered Funds LLC now owns 615,464 shares of the company’s stock worth $7,730,000 after purchasing an additional 561,347 shares during the period. 87.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

M has been the topic of a number of research reports. Jefferies Financial Group upped their price objective on Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $17.00 price target (up from $14.00) on shares of Macy’s in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Citigroup upped their target price on Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Finally, Barclays increased their price target on shares of Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Macy’s presently has a consensus rating of “Hold” and an average price target of $14.85.

Macy’s Price Performance

Shares of NYSE:M opened at $17.05 on Thursday. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 9.74 and a beta of 1.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The firm has a 50 day simple moving average of $13.25 and a 200 day simple moving average of $12.54. Macy’s, Inc. has a one year low of $9.76 and a one year high of $18.13.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Research analysts predict that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.1824 per share. The ex-dividend date is Monday, September 15th. This represents a $0.73 annualized dividend and a yield of 4.3%. Macy’s’s dividend payout ratio (DPR) is presently 41.71%.

Insider Transactions at Macy’s

In related news, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the transaction, the executive vice president owned 286,161 shares in the company, valued at $4,950,585.30. The trade was a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.09% of the stock is currently owned by insiders.

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.