23,114 Macy’s, Inc. $M Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its position in Macy’s, Inc. (NYSE:M) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,184,860 shares of the company’s stock after selling 23,114 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Macy’s were worth $26,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Macy’s by 37.0% in the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after buying an additional 613 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in Macy’s by 333.3% during the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock worth $61,000 after acquiring an additional 2,000 shares in the last quarter. Nykredit A S bought a new position in Macy’s during the second quarter worth about $69,000. Northwestern Mutual Wealth Management Co. grew its stake in Macy’s by 28.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,059 shares of the company’s stock valued at $72,000 after acquiring an additional 671 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Macy’s by 50.4% in the third quarter. Farther Finance Advisors LLC now owns 3,291 shares of the company’s stock valued at $75,000 after acquiring an additional 1,103 shares during the period. 87.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research cut Macy’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Citigroup increased their target price on Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Macy’s in a research note on Monday, July 6th. TD Cowen restated a “hold” rating on shares of Macy’s in a report on Monday, September 14th. Finally, Wall Street Zen raised shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Sunday, September 20th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.78.

Macy’s Stock Performance

Shares of Macy’s stock traded down $0.02 during trading on Friday, hitting $22.77. 2,248,533 shares of the stock were exchanged, compared to its average volume of 6,459,041. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $23.02 and a 200-day moving average price of $21.97. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 8.35 and a beta of 1.44. Macy’s, Inc. has a 1-year low of $16.41 and a 1-year high of $26.58.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.37 by $0.26. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. 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. As a group, equities analysts predict that Macy’s, Inc. will post 2.34 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a $0.1915 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.77 annualized dividend and a yield of 3.4%. Macy’s’s payout ratio is 28.21%.

Macy’s Company Profile

Macy’s, Inc (NYSE:M) is an American omnichannel retailer that sells apparel, accessories, beauty products, home furnishings, jewelry, and other consumer merchandise through department stores, specialty stores, and digital platforms. Its principal brands include Macy’s, Bloomingdale’s, and Bluemercury, a beauty retailer offering cosmetics, skincare, fragrance, and related services.

The company serves customers primarily in the United States through its stores and e-commerce operations. Macy’s offers a mix of national and private-brand merchandise, while Bloomingdale’s focuses on premium and luxury products and Bluemercury operates beauty stores and in-store beauty shops.