255,117 Shares of Macy’s, Inc. $M Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Macy’s, Inc. (NYSE:M) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 255,117 shares of the company’s stock, valued at approximately $5,809,000. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Macy’s at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in shares of Macy’s during the third quarter worth about $36,000. V Square Quantitative Management LLC boosted its holdings in Macy’s by 48.4% in the third quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock valued at $44,000 after acquiring an additional 632 shares during the last quarter. Allworth Financial LP boosted its holdings in Macy’s by 37.0% in the second quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after acquiring an additional 613 shares during the last quarter. CoreCap Advisors LLC increased its position in Macy’s by 333.3% during the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock valued at $61,000 after purchasing an additional 2,000 shares during the period. Finally, Nykredit A S acquired a new stake in Macy’s during the 2nd quarter valued at approximately $69,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Price Performance

Shares of NYSE M opened at $24.19 on Friday. The firm has a market capitalization of $6.32 billion, a P/E ratio of 8.86 and a beta of 1.39. The firm’s 50-day moving average price is $22.93 and its 200-day moving average price is $21.74. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. Macy’s, Inc. has a 1-year low of $16.69 and a 1-year high of $26.58.

Macy’s (NYSE:M) last issued its earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. Equities research analysts anticipate that Macy’s, Inc. will post 2.32 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.1915 per share. The ex-dividend date is Tuesday, December 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.2%. Macy’s’s payout ratio is currently 28.21%.

Analysts Set New Price Targets

M has been the subject of several analyst reports. Citigroup raised their price target on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Zacks Research lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. UBS Group reiterated a “sell” rating on shares of Macy’s in a research report on Thursday, September 17th. Weiss Ratings upgraded shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, TD Cowen began coverage on shares of Macy’s in a research note on Friday, October 30th. They set a “hold” rating for the company. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.78.

Macy’s Company Profile

Macy’s, Inc (NYSE: M) is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy’s, Bloomingdale’s, and Bluemercury. Macy’s serves a broad customer base with fashion, beauty, and home products, while Bloomingdale’s focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.