Los Angeles Capital Management LLC Grows Stock Holdings in Macy’s, Inc. $M

Los Angeles Capital Management LLC increased its stake in shares of Macy’s, Inc. (NYSE:M) by 38.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,144 shares of the company’s stock after buying an additional 51,130 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Macy’s were worth $4,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Havemeyer Place LP purchased a new stake in Macy’s in the 4th quarter valued at approximately $382,000. 111 Capital purchased a new stake in Macy’s in the 4th quarter valued at approximately $258,000. Pinebridge Investments LLC purchased a new stake in Macy’s in the 4th quarter valued at approximately $352,000. Parallel Advisors LLC boosted its holdings in Macy’s by 8.2% in the 4th quarter. Parallel Advisors LLC now owns 9,213 shares of the company’s stock valued at $203,000 after purchasing an additional 699 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Macy’s in the 4th quarter valued at approximately $383,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Price Performance

M stock opened at $22.16 on Wednesday. The firm has a 50 day moving average of $19.78 and a 200-day moving average of $20.61. 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 0.44 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 9.16 and a beta of 1.48.

Macy’s (NYSE:M) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period last year, the firm earned $0.16 EPS. The company’s revenue for the quarter 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, equities analysts expect that Macy’s, Inc. will post 2.15 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is presently 31.82%.

Insider Activity at Macy’s

In other news, CEO Olivier Bron sold 7,228 shares of Macy’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $129,525.76. Following the completion of the sale, the chief executive officer directly owned 21,590 shares in the company, valued at approximately $386,892.80. This trade 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 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 Macy’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $179,379.20. Following the sale, the executive vice president owned 108,008 shares of the company’s stock, valued at approximately $1,935,503.36. The trade was a 8.48% decrease in their ownership of the stock. 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 have sold a total of 94,967 shares of company stock valued at $1,705,276 in the last 90 days. Insiders own 1.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on M shares. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Macy’s in a report on Wednesday, March 18th. Wall Street Zen raised 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, June 4th. Finally, TD Cowen lowered their price objective on Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Macy’s currently has an average rating of “Reduce” and a consensus target price of $20.30.

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.