SG Americas Securities LLC Boosts Position in Macy’s, Inc. $M

SG Americas Securities LLC lifted its position in Macy’s, Inc. (NYSE:M) by 1,344.4% in the first quarter, HoldingsChannel reports. The firm owned 3,059,374 shares of the company’s stock after buying an additional 2,847,561 shares during the period. SG Americas Securities LLC’s holdings in Macy’s were worth $55,344,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Strengthening Families & Communities LLC acquired a new stake in Macy’s during the fourth quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in Macy’s in the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC grew its stake 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 valued at $34,000 after buying an additional 526 shares during the period. CIBC Private Wealth Group LLC grew its stake 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 valued at $41,000 after buying an additional 486 shares during the period. Finally, CoreCap Advisors LLC grew its stake 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 valued at $52,000 after buying an additional 2,325 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Price Performance

Shares of M opened at $24.75 on Tuesday. The firm has a 50-day simple moving average of $20.92 and a two-hundred day simple moving average of $20.79. The stock has a market cap of $6.51 billion, a PE ratio of 10.23 and a beta of 1.48. Macy’s, Inc. has a 1-year low of $10.54 and a 1-year high of $25.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. 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, analysts forecast that Macy’s, Inc. will post 2.16 EPS for the current year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio is 31.40%.

Wall Street Analysts Forecast Growth

M has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. UBS Group reiterated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Evercore set a $22.00 target price on Macy’s in a research note on Thursday, June 4th. Jefferies Financial Group restated a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research report on Wednesday, March 18th. Finally, Citigroup upped their price target on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $20.80.

Insider Transactions at Macy’s

In other news, CEO Olivier Bron sold 7,228 shares of Macy’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $129,525.76. Following the completion of the sale, the chief executive officer directly owned 21,590 shares of the company’s stock, valued at approximately $386,892.80. The trade was a 25.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the completion of the sale, the executive vice president owned 108,008 shares in the company, valued at $1,935,503.36. This represents a 8.48% decrease in their position. 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. Insiders have sold 94,967 shares of company stock valued at $1,705,276 over the last three months. 1.05% of the stock is currently owned by company insiders.

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.