CastleKnight Management LP Decreases Stake in Macy’s, Inc. $M

CastleKnight Management LP reduced its holdings in Macy’s, Inc. (NYSE:M) by 34.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 291,740 shares of the company’s stock after selling 153,760 shares during the quarter. CastleKnight Management LP’s holdings in Macy’s were worth $6,433,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC bought a new stake in shares of Macy’s in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in shares of Macy’s in the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC grew its position in shares of Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after buying an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in shares of Macy’s by 7,265.6% in the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after buying an additional 2,325 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

Macy’s Trading Down 3.9%

NYSE M opened at $23.96 on Thursday. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. Macy’s, Inc. has a twelve month low of $10.54 and a twelve month high of $25.65. The firm has a market capitalization of $6.30 billion, a PE ratio of 9.90 and a beta of 1.48. The stock’s 50 day moving average is $20.57 and its 200 day moving average is $20.76.

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, beating 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 company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The firm’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. Research analysts forecast that Macy’s, Inc. will post 2.15 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.1915 per share. The ex-dividend date is Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.2%. Macy’s’s payout ratio is currently 31.82%.

Insider Transactions at Macy’s

In related news, CEO Antony Spring sold 50,044 shares of Macy’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $896,788.48. Following the sale, the chief executive officer directly owned 485,791 shares in the company, valued at $8,705,374.72. The trade was a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 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 value of $94,456.32. Following the sale, the executive vice president owned 28,773 shares in the company, valued at $515,612.16. This represents a 15.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 94,967 shares of company stock valued at $1,705,276. Company insiders own 1.05% of the company’s stock.

Wall Street Analyst Weigh In

M has been the topic of a number of recent analyst reports. UBS Group reiterated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. TD Cowen cut their price objective on Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Telsey Advisory Group lifted their price objective on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. Finally, Evercore set a $22.00 price objective on Macy’s in a research report on Thursday, June 4th. One 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 stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $20.30.

Macy’s Company Profile

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.