Macy’s, Inc. $M Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in Macy’s, Inc. (NYSE:M) by 8.5% during the third quarter, Holdings Channel.com reports. The fund owned 341,051 shares of the company’s stock after purchasing an additional 26,597 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Macy’s were worth $7,766,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC boosted its holdings in shares of Macy’s by 48.4% during the third quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock worth $44,000 after purchasing an additional 632 shares during the period. Allworth Financial LP grew its stake in shares of Macy’s by 37.0% in the second quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock worth $53,000 after purchasing an additional 613 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Macy’s by 333.3% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock worth $61,000 after purchasing an additional 2,000 shares during the last quarter. Nykredit A S purchased a new position in Macy’s during the 2nd quarter valued at about $69,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Macy’s by 28.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,059 shares of the company’s stock valued at $72,000 after purchasing an additional 671 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Cowen restated a “hold” rating on shares of Macy’s in a report on Monday, September 14th. Citigroup lifted their target price on shares of Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Wall Street Zen lowered shares of Macy’s from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research report on Thursday, September 17th. Finally, Zacks Research downgraded Macy’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Macy’s presently has an average rating of “Hold” and an average price target of $22.78.

Macy’s Stock Performance

Shares of Macy’s stock opened at $24.11 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.30 billion, a P/E ratio of 8.83 and a beta of 1.44. The business has a fifty day simple moving average of $22.69 and a two-hundred day simple moving average of $22.35. Macy’s, Inc. has a 12 month low of $16.69 and a 12 month high of $26.58.

Macy’s (NYSE:M) last announced its earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. 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. On average, equities analysts forecast that Macy’s, Inc. will post 2.32 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 15th. Macy’s’s dividend payout ratio is 28.21%.

About Macy’s

Macy’s, Inc (NYSE: M) is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy’s, Bloomingdale’s, and Bluemercury. Macy’s serves a broad customer base with fashion, beauty, and home products, while Bloomingdale’s focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.