Macy’s, Inc. $M Shares Newly Purchased by Monument Capital Management

Monument Capital Management purchased a new position in shares of Macy’s, Inc. (NYSE:M) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 106,897 shares of the company’s stock, valued at approximately $2,434,000.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Macy’s by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 11,557 shares of the company’s stock valued at $263,000 after purchasing an additional 1,892 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Macy’s by 50.4% in the third quarter. Farther Finance Advisors LLC now owns 3,291 shares of the company’s stock valued at $75,000 after buying an additional 1,103 shares during the period. Versant Capital Management Inc raised its holdings in Macy’s by 41.6% in the third quarter. Versant Capital Management Inc now owns 6,771 shares of the company’s stock valued at $154,000 after buying an additional 1,988 shares during the period. QRG Capital Management Inc. lifted its position in Macy’s by 22.5% during the second quarter. QRG Capital Management Inc. now owns 37,118 shares of the company’s stock valued at $874,000 after buying an additional 6,817 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Macy’s by 19.5% during the second quarter. Sequoia Financial Advisors LLC now owns 38,689 shares of the company’s stock valued at $911,000 after buying an additional 6,310 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Stock Down 0.0%

NYSE M opened at $22.79 on Friday. The stock has a market cap of $5.95 billion, a PE ratio of 8.35 and a beta of 1.44. Macy’s, Inc. has a fifty-two week low of $16.41 and a fifty-two week high of $26.58. The business has a 50 day moving average price of $23.02 and a two-hundred day moving average price of $21.97. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49.

Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.26. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. Macy’s’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. 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 predict that Macy’s, Inc. will post 2.34 EPS for the current fiscal year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, September 15th. Macy’s’s dividend payout ratio (DPR) is presently 28.21%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BTIG Research reissued a “neutral” rating on shares of Macy’s in a research report on Friday, September 11th. Zacks Research lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research report on Thursday, September 17th. Weiss Ratings downgraded Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Finally, Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Macy’s presently has an average rating of “Hold” and a consensus price target of $22.78.

Macy’s Profile

Macy’s, Inc (NYSE:M) is an American omnichannel retailer that sells apparel, accessories, beauty products, home furnishings, jewelry, and other consumer merchandise through department stores, specialty stores, and digital platforms. Its principal brands include Macy’s, Bloomingdale’s, and Bluemercury, a beauty retailer offering cosmetics, skincare, fragrance, and related services.

The company serves customers primarily in the United States through its stores and e-commerce operations. Macy’s offers a mix of national and private-brand merchandise, while Bloomingdale’s focuses on premium and luxury products and Bluemercury operates beauty stores and in-store beauty shops.