Mraz Amerine & Associates Inc. Invests $117,000 in Macy’s, Inc. $M

Mraz Amerine & Associates Inc. acquired a new position in shares of Macy’s, Inc. (NYSE:M) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,000 shares of the company’s stock, valued at approximately $117,000.

Several other institutional investors have also modified their holdings of M. RWC Asset Management LLP purchased a new stake in shares of Macy’s during the 1st quarter worth $80,868,000. AQR Capital Management LLC lifted its position in shares of Macy’s by 269.2% during 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 during the last quarter. Trexquant Investment LP purchased a new stake in Macy’s in the first quarter valued at $22,059,000. American Century Companies Inc. lifted its position in Macy’s by 21.9% in the first 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 last quarter. Finally, Invenomic Capital Management LP lifted its position in Macy’s by 91.6% in the first 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 last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Macy’s

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the transaction, the executive vice president directly owned 286,161 shares in the company, valued at $4,950,585.30. The trade was a 25.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul Griscom sold 12,843 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 212,843 shares of company stock worth $3,726,670. Company insiders own 2.77% of the company’s stock.

Macy’s Price Performance

Shares of NYSE:M opened at $17.76 on Wednesday. The company has a 50-day simple moving average of $15.17 and a 200-day simple moving average of $13.03. Macy’s, Inc. has a one year low of $9.76 and a one year high of $18.47. 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 capitalization of $4.77 billion, a price-to-earnings ratio of 10.15 and a beta of 1.78.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating 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 business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The business’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. On average, analysts predict that Macy’s, Inc. will post 2.39 EPS for the current year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, September 15th. Macy’s’s payout ratio is 41.71%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price target 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. Citigroup boosted their price target on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. UBS Group boosted their price target on shares of Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a research report on Thursday, September 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price target (up from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Macy’s has an average rating of “Hold” and an average target price of $15.45.

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.