Goldman Sachs Group Inc. Has $150.45 Million Position in Macy’s, Inc. $M

Goldman Sachs Group Inc. boosted its stake in shares of Macy’s, Inc. (NYSE:M) by 67.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,823,034 shares of the company’s stock after acquiring an additional 2,750,115 shares during the period. Goldman Sachs Group Inc.’s holdings in Macy’s were worth $150,448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in M. Schroder Investment Management Group lifted its position in shares of Macy’s by 1.1% during the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after buying an additional 110,548 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in Macy’s in the fourth quarter valued at about $3,524,000. Artemis Investment Management LLP bought a new position in Macy’s in the fourth quarter valued at about $2,752,000. Wedge Capital Management L L P NC bought a new position in Macy’s in the fourth quarter valued at about $30,722,000. Finally, Private Advisory Group LLC acquired a new position in Macy’s during the fourth quarter worth about $1,396,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Key Macy’s News

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 Buying and Selling at Macy’s

In other news, CEO Antony Spring sold 50,044 shares of Macy’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $896,788.48. Following the transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Danielle L. Kirgan sold 10,010 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $179,379.20. Following the completion of the sale, the executive vice president directly owned 108,008 shares in the company, valued at approximately $1,935,503.36. This represents a 8.48% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 94,967 shares of company stock valued at $1,705,276. Insiders own 1.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on M shares. Wall Street Zen raised shares of Macy’s from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday. Telsey Advisory Group increased their price objective on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday. Evercore set a $22.00 target price on shares of Macy’s in a research report on Thursday. Finally, TD Cowen decreased their target price on shares of Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $20.30.

Macy’s Price Performance

Macy’s stock opened at $22.19 on Monday. The stock has a 50-day moving average price of $19.62 and a two-hundred day moving average price of $20.57. Macy’s, Inc. has a 12 month low of $10.54 and a 12 month high of $24.41. The company has a market capitalization of $5.85 billion, a PE ratio of 9.17 and a beta of 1.48. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last released 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 business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Analysts expect that Macy’s, Inc. will post 2.15 EPS for the current year.

Macy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s payout ratio is presently 31.40%.

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.