Macy’s, Inc. $M Shares Acquired by LSV Asset Management

LSV Asset Management boosted its holdings in Macy’s, Inc. (NYSE:M) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,760,204 shares of the company’s stock after purchasing an additional 516,359 shares during the quarter. LSV Asset Management owned approximately 1.77% of Macy’s worth $85,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in M. Cullen Frost Bankers Inc. purchased a new stake in Macy’s in the 3rd quarter valued at about $31,000. Bessemer Group Inc. boosted its position in shares of Macy’s by 41.4% in the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after acquiring an additional 592 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Macy’s by 101.1% in the third quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock worth $41,000 after acquiring an additional 1,162 shares during the last quarter. Quent Capital LLC purchased a new stake in Macy’s in the third quarter valued at approximately $107,000. Finally, Jones Financial Companies Lllp increased its position in Macy’s by 71.7% during the third quarter. Jones Financial Companies Lllp now owns 6,362 shares of the company’s stock worth $115,000 after purchasing an additional 2,656 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Danielle L. Kirgan sold 85,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president directly owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. The trade was a 62.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.09% of the stock is owned by corporate insiders.

Macy’s Trading Up 0.3%

Shares of M opened at $21.80 on Friday. Macy’s, Inc. has a 12 month low of $9.76 and a 12 month high of $24.41. The stock’s 50-day moving average is $22.07 and its two-hundred day moving average is $18.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18. The stock has a market cap of $5.80 billion, a PE ratio of 12.90 and a beta of 1.50.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.22. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Equities analysts forecast that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on M shares. Jefferies Financial Group began coverage on shares of Macy’s in a report on Wednesday, January 14th. They issued a “buy” rating and a $27.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a report on Monday, December 29th. Telsey Advisory Group boosted their price target on Macy’s from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th. Evercore raised their price objective on Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a report on Friday, December 5th. Finally, Wall Street Zen upgraded Macy’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Macy’s currently has a consensus rating of “Reduce” and a consensus price target of $20.50.

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.