Macy’s, Inc. $M Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its position in Macy’s, Inc. (NYSE:M) by 20.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 596,872 shares of the company’s stock after purchasing an additional 102,161 shares during the quarter. Empowered Funds LLC’s holdings in Macy’s were worth $10,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in Macy’s by 0.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 189,862 shares of the company’s stock worth $3,435,000 after buying an additional 1,704 shares during the period. Lazard Asset Management LLC lifted its holdings in Macy’s by 38.3% in the 1st quarter. Lazard Asset Management LLC now owns 60,196 shares of the company’s stock worth $1,089,000 after buying an additional 16,663 shares in the last quarter. Entropy Technologies LP purchased a new position in Macy’s in the 1st quarter valued at about $1,737,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Macy’s in the 1st quarter valued at about $23,314,000. Finally, Hilltop Holdings Inc. purchased a new position in Macy’s in the 1st quarter valued at about $186,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Citigroup lifted their target price on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Wall Street Zen raised Macy’s from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Evercore set a $22.00 price objective on Macy’s in a research note on Thursday, June 4th. Telsey Advisory Group lifted their price objective on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. Finally, UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Macy’s presently has an average rating of “Hold” and an average price target of $21.70.

Insider Activity at Macy’s

In related news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the transaction, the executive vice president directly owned 20,000 shares in the company, valued at $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total value of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares in the company, valued at $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.05% of the stock is currently owned by company insiders.

Macy’s Stock Performance

Shares of Macy’s stock opened at $24.89 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. Macy’s, Inc. has a 1 year low of $11.77 and a 1 year high of $26.10. The firm’s 50-day simple moving average is $23.45 and its 200-day simple moving average is $21.00. The firm has a market cap of $6.55 billion, a PE ratio of 10.29 and a beta of 1.46.

Macy’s (NYSE:M) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Equities analysts forecast that Macy’s, Inc. will post 2.19 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.1915 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.1%. Macy’s’s dividend payout ratio (DPR) is presently 31.82%.

Macy’s Company Profile

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.