Elo Mutual Pension Insurance Co Increases Position in Macy’s, Inc. $M

Elo Mutual Pension Insurance Co lifted its position in shares of Macy’s, Inc. (NYSE:M) by 96.0% during the second quarter, Holdings Channel reports. The institutional investor owned 83,340 shares of the company’s stock after purchasing an additional 40,824 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Macy’s were worth $972,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Macy’s by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 15,964,002 shares of the company’s stock valued at $200,510,000 after acquiring an additional 212,791 shares during the period. American Century Companies Inc. raised its stake in Macy’s by 16.0% during the 2nd quarter. American Century Companies Inc. now owns 10,094,564 shares of the company’s stock valued at $117,703,000 after purchasing an additional 1,395,030 shares during the period. AQR Capital Management LLC lifted its holdings in Macy’s by 269.2% in the 1st quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company’s stock worth $65,683,000 after purchasing an additional 3,813,210 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Macy’s by 2.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 3,157,743 shares of the company’s stock worth $36,819,000 after purchasing an additional 74,768 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Macy’s by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,849,558 shares of the company’s stock worth $35,790,000 after purchasing an additional 73,096 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Insider Buying and Selling

In other news, SVP Paul Griscom sold 12,843 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the transaction, the senior vice president owned 23,379 shares of the company’s stock, valued at approximately $403,521.54. The trade was a 35.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the sale, the executive vice president owned 286,161 shares in the company, valued at $4,950,585.30. The trade was a 25.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 212,843 shares of company stock valued at $3,726,670. Company insiders own 1.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on M shares. Jefferies Financial Group lifted their price objective on shares of Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. The Goldman Sachs Group boosted their price target on shares of Macy’s from $14.50 to $16.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th. BTIG Research began coverage on shares of Macy’s in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Macy’s in a research report on Tuesday. Two research 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.25.

Macy’s Price Performance

Macy’s stock opened at $22.41 on Friday. Macy’s, Inc. has a 52-week low of $9.76 and a 52-week high of $22.93. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. The firm’s fifty day moving average is $19.04 and its 200 day moving average is $15.07. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 12.81 and a beta of 1.83.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business’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. Sell-side analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be paid a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th. Macy’s’s dividend payout ratio (DPR) is presently 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.