Short Interest in Macy’s, Inc. (NYSE:M) Increases By 23.5%

Macy’s, Inc. (NYSE:M) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 26,027,988 shares, a growth of 23.5% from the January 15th total of 21,083,507 shares. Based on an average daily volume of 5,762,143 shares, the short-interest ratio is currently 4.5 days. Approximately 10.1% of the shares of the company are sold short. Approximately 10.1% of the shares of the company are sold short. Based on an average daily volume of 5,762,143 shares, the short-interest ratio is currently 4.5 days.

Insider Buying and Selling

In other Macy’s news, EVP Danielle L. Kirgan sold 85,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $23.92, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president directly owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. This trade represents a 62.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On Macy’s

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew 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 purchasing an additional 494,280 shares during the last quarter. RWC Asset Management LLP increased its position 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 worth $241,782,000 after acquiring an additional 62,839 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Macy’s by 6.6% in the third quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock valued at $193,004,000 after purchasing an additional 669,729 shares during the last quarter. Schroder Investment Management Group boosted its position in 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 purchasing an additional 110,548 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Macy’s by 0.5% during the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after purchasing an additional 45,997 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

M has been the subject of a number of analyst reports. Wall Street Zen raised shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Citigroup reiterated a “neutral” rating on shares of Macy’s in a research note on Wednesday. Guggenheim began coverage on Macy’s in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Evercore lifted their target price on Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a research note on Friday, December 5th. Finally, Telsey Advisory Group lifted their price objective on shares of Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Macy’s has a consensus rating of “Reduce” and a consensus target price of $20.50.

Macy’s Stock Up 2.5%

Macy’s stock opened at $22.80 on Thursday. Macy’s has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 13.49 and a beta of 1.50. The firm has a fifty day moving average price of $22.02 and a two-hundred day moving average price of $19.17.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.22. Macy’s had a net margin of 2.10% and a return on equity of 15.57%. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. Macy’s’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. As a group, analysts forecast that Macy’s will post 2.39 earnings per share for the current year.

About Macy’s

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.