Friedenthal Financial Acquires 55,059 Shares of Macy’s, Inc. $M

Friedenthal Financial grew its holdings in Macy’s, Inc. (NYSE:M) by 1,236.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 59,513 shares of the company’s stock after purchasing an additional 55,059 shares during the quarter. Friedenthal Financial’s holdings in Macy’s were worth $1,077,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of M. Strengthening Families & Communities LLC acquired a new stake in shares of Macy’s in the 4th quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in Macy’s during the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC lifted its position in shares of Macy’s by 51.7% in the fourth 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 boosted its stake in shares of Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after acquiring an additional 486 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in shares of Macy’s by 7,265.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after acquiring an additional 2,325 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on M shares. TD Cowen boosted their target price on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday. Jefferies Financial Group reissued a “buy” rating and issued a $22.00 price target on shares of Macy’s in a research report on Wednesday, March 18th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Telsey Advisory Group raised their target price 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, June 4th. Finally, Citigroup boosted their target price on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $20.80.

Insider Activity

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the sale, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. This trade represents a 45.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 value 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 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. Over the last ninety days, insiders sold 111,386 shares of company stock valued at $2,113,945. Corporate insiders own 1.05% of the company’s stock.

Macy’s Trading Up 5.8%

Shares of Macy’s stock opened at $25.34 on Thursday. Macy’s, Inc. has a 1 year low of $10.72 and a 1 year high of $25.65. The company’s fifty day simple moving average is $21.14 and its 200-day simple moving average is $20.83. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 10.47 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 issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share 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 firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the prior year, the firm earned $0.16 EPS. The business’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. As a group, sell-side analysts expect that Macy’s, Inc. will post 2.16 EPS for the current year.

Macy’s Dividend Announcement

The company also recently announced 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 of this dividend is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.0%. Macy’s’s dividend payout ratio (DPR) is 31.82%.

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.