Fieldview Capital Management LLC Decreases Stake in Macy’s, Inc. $M

Fieldview Capital Management LLC reduced its stake in Macy’s, Inc. (NYSE:M) by 49.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,429 shares of the company’s stock after selling 130,968 shares during the period. Fieldview Capital Management LLC’s holdings in Macy’s were worth $2,942,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Macy’s by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,145,972 shares of the company’s stock valued at $356,020,000 after buying an additional 494,280 shares during the period. RWC Asset Management LLP increased its stake in shares of Macy’s by 0.6% during the fourth quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock valued at $241,782,000 after buying an additional 62,839 shares during the period. American Century Companies Inc. increased its stake in shares of Macy’s by 6.6% during the third quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock valued at $193,004,000 after buying an additional 669,729 shares during the period. Schroder Investment Management Group increased its stake in shares of Macy’s by 1.1% during the third quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock valued at $174,608,000 after buying an additional 110,548 shares during the period. Finally, State Street Corp increased its stake in shares of Macy’s by 0.5% during the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after buying an additional 45,997 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

M has been the topic of several research analyst reports. TD Cowen reduced their target price on Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, March 19th. Citigroup boosted their target price on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. boosted their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Telsey Advisory Group boosted their target price on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $20.30.

Insider Transactions at Macy’s

In related news, EVP Danielle L. Kirgan sold 10,010 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $179,379.20. Following the sale, the executive vice president directly owned 108,008 shares of the company’s stock, valued at $1,935,503.36. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $896,788.48. Following the completion of the sale, the chief executive officer directly owned 485,791 shares in the company, valued at approximately $8,705,374.72. The trade was a 9.34% decrease in their ownership of the stock. 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 sold 94,967 shares of company stock valued at $1,705,276 in the last three months. Company insiders own 1.05% of the company’s stock.

Macy’s Price Performance

Shares of M stock opened at $25.41 on Friday. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 10.50 and a beta of 1.48. The business’s fifty day moving average is $20.17 and its 200 day moving average is $20.70. Macy’s, Inc. has a twelve month low of $10.54 and a twelve month high of $25.65. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 13.68% and a net margin of 2.94%.The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts expect that Macy’s, Inc. will post 2.15 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.1915 dividend. This represents a $0.77 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s dividend payout ratio is presently 31.40%.

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.