Macy’s, Inc. $M Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP grew its stake in Macy’s, Inc. (NYSE:M) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,902,310 shares of the company’s stock after acquiring an additional 255,473 shares during the period. Macy’s accounts for approximately 9.5% of RWC Asset Management LLP’s holdings, making the stock its largest position. RWC Asset Management LLP owned approximately 4.06% of Macy’s worth $195,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of M. Nordea Investment Management AB grew its stake in Macy’s by 1.3% in the third quarter. Nordea Investment Management AB now owns 285,044 shares of the company’s stock valued at $5,097,000 after purchasing an additional 3,677 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in shares of Macy’s by 6,233.7% in the 3rd quarter. Bayforest Capital Ltd now owns 19,001 shares of the company’s stock valued at $341,000 after buying an additional 18,701 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Macy’s in the third quarter valued at $1,669,000. SG Americas Securities LLC increased its stake in shares of Macy’s by 83.6% during the 3rd quarter. SG Americas Securities LLC now owns 179,607 shares of the company’s stock worth $3,220,000 after purchasing an additional 81,778 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Macy’s by 1.3% in the 3rd quarter. HB Wealth Management LLC now owns 104,418 shares of the company’s stock valued at $1,872,000 after purchasing an additional 1,379 shares during the period. Institutional investors own 87.36% of the company’s stock.

Macy’s Trading Down 5.5%

NYSE:M opened at $21.91 on Tuesday. Macy’s, Inc. has a 1 year low of $9.76 and a 1 year high of $24.41. The stock’s fifty day moving average price is $21.93 and its two-hundred day moving average price is $17.55. 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 company has a market cap of $5.82 billion, a P/E ratio of 12.96 and a beta of 1.43.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the prior year, the firm posted $0.04 EPS. The firm’s quarterly revenue 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 expect that Macy’s, Inc. will post 2.39 EPS for the current year.

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were issued a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, December 15th. Macy’s’s dividend payout ratio is 43.20%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on M. The Goldman Sachs Group boosted their price target on Macy’s from $16.50 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Cowen restated a “hold” rating on shares of Macy’s in a research note on Thursday, December 4th. BTIG Research assumed coverage on shares of Macy’s in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Evercore ISI upped their price objective on shares of Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a report on Friday, December 5th. Finally, Guggenheim assumed coverage on shares of Macy’s in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Macy’s presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Insider Transactions at Macy’s

In other Macy’s news, EVP Danielle L. Kirgan sold 85,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 51,161 shares of the company’s stock, valued at $1,223,771.12. This trade represents a 62.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.77% of the stock is owned by corporate 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.