Louisiana State Employees Retirement System Invests $1.40 Million in Macy’s, Inc. $M

Louisiana State Employees Retirement System purchased a new position in shares of Macy’s, Inc. (NYSE:M) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 77,100 shares of the company’s stock, valued at approximately $1,395,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC acquired a new stake in Macy’s during the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of Macy’s in the 4th quarter valued at approximately $29,000. Smartleaf Asset Management LLC increased its holdings 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 valued at $34,000 after purchasing an additional 526 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after purchasing an additional 486 shares during the period. Finally, CoreCap Advisors LLC raised its stake in shares of Macy’s by 7,265.6% during the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after purchasing an additional 2,325 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Activity at Macy’s

In other Macy’s news, EVP Danielle L. Kirgan sold 10,010 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 108,008 shares of the company’s stock, valued at approximately $1,935,503.36. This trade represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Olivier Bron sold 7,228 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 21,590 shares of the company’s stock, valued at approximately $386,892.80. This trade represents a 25.08% 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. Insiders sold a total of 99,794 shares of company stock valued at $1,980,443 in the last ninety days. Company insiders own 1.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Citigroup upped their price objective 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. Jefferies Financial Group restated a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research note on Wednesday, March 18th. Evercore set a $22.00 target price on shares of Macy’s in a research note on Thursday, June 4th. Finally, Zacks Research raised shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $20.80.

Macy’s Stock Down 0.9%

M opened at $23.22 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The business has a 50 day simple moving average of $21.73 and a 200-day simple moving average of $20.88. The stock has a market capitalization of $6.11 billion, a P/E ratio of 9.60 and a beta of 1.46. Macy’s, Inc. has a 12 month low of $11.77 and a 12 month high of $26.10.

Macy’s (NYSE:M) last posted 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 return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. 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. On average, equities analysts anticipate that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a dividend of $0.1915 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.3%. Macy’s’s payout ratio is currently 31.82%.

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.