Hennessy Advisors Inc. Sells 65,500 Shares of Macy’s, Inc. $M

Hennessy Advisors Inc. decreased its holdings in Macy’s, Inc. (NYSE:M) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,056,200 shares of the company’s stock after selling 65,500 shares during the period. Macy’s accounts for about 1.7% of Hennessy Advisors Inc.’s holdings, making the stock its 8th biggest position. Hennessy Advisors Inc.’s holdings in Macy’s were worth $46,820,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Macy’s during the third quarter worth approximately $5,809,000. Vise Technologies Inc. grew its holdings in shares of Macy’s by 48.2% during the third quarter. Vise Technologies Inc. now owns 27,886 shares of the company’s stock valued at $635,000 after buying an additional 9,070 shares during the last quarter. State of Wyoming bought a new position in Macy’s during the third quarter valued at approximately $218,000. Lebenthal Global Advisors LLC increased its position in shares of Macy’s by 26.0% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 58,855 shares of the company’s stock valued at $1,340,000 after purchasing an additional 12,156 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Macy’s by 0.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 116,459 shares of the company’s stock worth $2,652,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Stock Performance

M stock opened at $24.11 on Monday. The company has a market capitalization of $6.30 billion, a PE ratio of 8.83 and a beta of 1.44. Macy’s, Inc. has a 12 month low of $16.69 and a 12 month high of $26.58. The firm’s 50-day moving average is $22.80 and its 200 day moving average is $21.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.59 and a quick ratio of 0.48.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.26. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The firm’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 EPS. 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. On average, research analysts anticipate that Macy’s, Inc. will post 2.32 EPS for the current year.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, December 15th. Macy’s’s dividend payout ratio (DPR) is presently 27.84%.

Analyst Ratings Changes

A number of research firms recently weighed in on M. BTIG Research restated a “neutral” rating on shares of Macy’s in a research note on Friday, September 11th. Zacks Research downgraded shares of Macy’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. TD Cowen assumed coverage on Macy’s in a research report on Friday. They issued a “hold” rating for the company. 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, Morgan Stanley assumed coverage on shares of Macy’s in a research note on Monday, July 6th. They issued an “overweight” rating and a $30.00 target price on the stock. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Macy’s currently has a consensus rating of “Hold” and a consensus 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.