Vanguard Group Inc. Lowers Stake in Macy’s, Inc. $M

Vanguard Group Inc. lowered its stake in shares of Macy’s, Inc. (NYSE:M) by 14.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,371,100 shares of the company’s stock after selling 4,380,026 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Macy’s worth $472,834,000 at the end of the most recent quarter.

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

Macy’s Trading Down 2.5%

Shares of M opened at $20.31 on Thursday. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. The company has a market capitalization of $5.40 billion, a PE ratio of 12.01 and a beta of 1.50. The stock has a fifty day moving average of $21.79 and a two-hundred day moving average of $19.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.18 and a current ratio of 1.25.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Evercore increased their target price on Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a research note on Friday, December 5th. Jefferies Financial Group started coverage on shares of Macy’s in a research note on Wednesday, January 14th. They set a “buy” rating and a $27.00 price target on the stock. Telsey Advisory Group upped their target price on shares of Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. Morgan Stanley upped their price target on Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, December 5th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Macy’s in a research note on Thursday, December 4th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $20.50.

Insider Buying and Selling at Macy’s

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total value of $2,033,200.00. Following the sale, the executive vice president directly owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. This trade represents a 62.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.09% of the stock is currently owned by insiders.

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.