Lind Value II ApS Increases Stock Holdings in Macy’s, Inc. $M

Lind Value II ApS grew its holdings in shares of Macy’s, Inc. (NYSE:M) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,192,838 shares of the company’s stock after purchasing an additional 121,280 shares during the period. Macy’s makes up approximately 6.1% of Lind Value II ApS’s investment portfolio, making the stock its 5th largest holding. Lind Value II ApS owned 0.44% of Macy’s worth $13,908,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its stake in Macy’s by 173.9% during the first quarter. Hsbc Holdings PLC now owns 85,939 shares of the company’s stock valued at $1,087,000 after buying an additional 54,558 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Macy’s in the 1st quarter valued at about $720,000. Vontobel Holding Ltd. acquired a new stake in Macy’s in the 1st quarter valued at about $304,000. KLP Kapitalforvaltning AS lifted its holdings in Macy’s by 8.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 58,200 shares of the company’s stock valued at $688,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in Macy’s by 13.7% in the 2nd quarter. Truist Financial Corp now owns 33,446 shares of the company’s stock valued at $390,000 after acquiring an additional 4,023 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Insider Activity at Macy’s

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total value of $1,775,000.00. Following the completion of the sale, the executive vice president directly owned 136,161 shares of the company’s stock, valued at approximately $2,416,857.75. This represents a 42.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Griscom sold 12,843 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the sale, the senior vice president directly owned 23,379 shares of the company’s stock, valued at $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 212,843 shares of company stock valued at $3,726,670 over the last three months. 1.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on M. Jefferies Financial Group lifted their price target on shares of Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research note on Wednesday, October 8th. BTIG Research began coverage on Macy’s in a research note on Tuesday, October 14th. They set a “neutral” rating for the company. Morgan Stanley upped their target price on Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Finally, JPMorgan Chase & Co. upped their target price on Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.45.

Macy’s Stock Down 0.3%

Shares of Macy’s stock opened at $19.48 on Friday. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 11.13 and a beta of 1.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. Macy’s, Inc. has a 52-week low of $9.76 and a 52-week high of $19.99. The stock has a 50-day simple moving average of $17.22 and a 200-day simple moving average of $13.83.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.19 by $0.22. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the prior year, the business posted $0.53 EPS. Macy’s’s quarterly revenue was down 2.5% on a year-over-year basis. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, equities research analysts expect that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a dividend of $0.1824 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a yield of 3.7%. Macy’s’s payout ratio is currently 41.71%.

Macy’s Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.