MQS Management LLC Makes New Investment in Macy’s, Inc. $M

MQS Management LLC purchased a new stake in Macy’s, Inc. (NYSE:M) during the second quarter, Holdings Channel.com reports. The firm purchased 14,277 shares of the company’s stock, valued at approximately $166,000.

A number of other institutional investors and hedge funds have also made changes to their positions in M. RWC Asset Management LLP purchased a new position in shares of Macy’s in the 1st quarter valued at $80,868,000. AQR Capital Management LLC increased its holdings in shares of Macy’s by 269.2% in the 1st quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company’s stock valued at $65,683,000 after acquiring an additional 3,813,210 shares during the period. Trexquant Investment LP purchased a new position in shares of Macy’s in the 1st quarter valued at $22,059,000. American Century Companies Inc. increased its holdings in shares of Macy’s by 21.9% in the 1st quarter. American Century Companies Inc. now owns 8,699,534 shares of the company’s stock valued at $109,266,000 after acquiring an additional 1,562,402 shares during the period. Finally, Invenomic Capital Management LP increased its holdings in shares of Macy’s by 91.6% in the 1st quarter. Invenomic Capital Management LP now owns 1,724,214 shares of the company’s stock valued at $21,656,000 after acquiring an additional 824,174 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BTIG Research assumed coverage on Macy’s in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Barclays raised their price objective on Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. UBS Group raised their price objective on Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. raised their price objective on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, Morgan Stanley raised their price objective on Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Macy’s has an average rating of “Hold” and an average target price of $15.45.

Macy’s Stock Performance

Shares of M opened at $19.69 on Wednesday. The stock has a 50-day moving average of $16.83 and a two-hundred day moving average of $13.66. Macy’s, Inc. has a one year low of $9.76 and a one year high of $19.70. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. The stock has a market cap of $5.29 billion, a P/E ratio of 11.25 and a beta of 1.78.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, research analysts predict that Macy’s, Inc. will post 2.39 EPS for the current year.

Macy’s Announces Dividend

The company also recently declared 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%.

Insider Transactions at Macy’s

In other Macy’s news, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the completion of the sale, the executive vice president owned 136,161 shares of the company’s stock, valued at approximately $2,416,857.75. The trade was a 42.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the sale, the senior vice president directly owned 23,379 shares of the company’s stock, valued at approximately $403,521.54. This represents a 35.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 212,843 shares of company stock valued at $3,726,670. 2.77% of the stock is currently owned by insiders.

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.