Savant Capital LLC Reduces Stake in Macy’s, Inc. $M

Savant Capital LLC reduced its stake in Macy’s, Inc. (NYSE:M) by 70.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,063 shares of the company’s stock after selling 43,065 shares during the quarter. Savant Capital LLC’s holdings in Macy’s were worth $398,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in M. Strengthening Families & Communities LLC purchased a new position in shares of Macy’s during the 4th quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in shares of Macy’s during the 4th quarter worth $29,000. Bessemer Group Inc. grew its holdings in shares of Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Macy’s by 101.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock worth $41,000 after purchasing an additional 1,162 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in shares of Macy’s by 7,265.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after purchasing an additional 2,325 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Price Performance

M opened at $22.19 on Friday. The stock’s 50-day moving average price is $19.62 and its 200 day moving average price is $20.56. Macy’s, Inc. has a 12-month low of $10.54 and a 12-month high of $24.41. The company has a current ratio of 1.48, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 9.17 and a beta of 1.48.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the company earned $0.16 EPS. Macy’s’s revenue was up 1.8% on a year-over-year basis. 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. As a group, sell-side analysts expect that Macy’s, Inc. will post 2.13 earnings per share for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.1915 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.5%. Macy’s’s dividend payout ratio is presently 31.82%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on M. Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. Telsey Advisory Group increased their price target on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday. UBS Group reiterated a “sell” rating on shares of Macy’s in a report on Thursday. Finally, TD Cowen lowered their price target on Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $20.30.

Key Stories Impacting Macy’s

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s reported earnings that topped estimates across the board, with comps rising 3% year over year and management raising its full-year outlook, signaling that the turnaround strategy is working. Why Is Macy’s (M) Stock Rocketing Higher Today
• Positive Sentiment: JPMorgan and Telsey both raised their price targets on Macy’s, reflecting improved confidence in the company’s earnings power and recovery trajectory. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Traders bought significantly more call options than usual, a sign that some investors are positioning for additional upside after the earnings beat.
• Neutral Sentiment: Macy’s also announced it will participate in the Evercore Consumer and Retail Conference, which keeps the company in front of investors but does not materially change fundamentals. Macy’s, Inc. to Participate in 6th Annual Evercore Consumer and Retail Conference
• Neutral Sentiment: Coverage also highlighted Berkshire Hathaway’s new stake in Macy’s and broader interest in the retailer’s improving prospects, adding to the bullish narrative around the stock. Why Macy’s Stock Jumped 11% in May
• Negative Sentiment: The removal of Macy’s long-running Herald Square “shopping bag” billboard is a symbolic change, but it is more of a branding/cultural story than a direct financial driver. Macy’s 60-year-old ‘shopping bag’ billboard in Herald Square to be demolished

Insider Transactions at Macy’s

In related news, CEO Olivier Bron sold 7,228 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $129,525.76. Following the transaction, the chief executive officer owned 21,590 shares of the company’s stock, valued at approximately $386,892.80. This represents a 25.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $896,788.48. Following the transaction, 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 position. 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 a total of 94,967 shares of company stock worth $1,705,276 in the last 90 days. Insiders own 1.05% of the company’s stock.

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.