Teza Capital Management LLC Takes $214,000 Position in Macy’s, Inc. $M

Teza Capital Management LLC purchased a new stake in shares of Macy’s, Inc. (NYSE:M) during the first quarter, Holdings Channel reports. The fund purchased 17,017 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds have also recently made changes to their positions in the company. Summit Securities Group LLC boosted its stake in shares of Macy’s by 106.0% during the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock valued at $28,000 after purchasing an additional 38,800 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Macy’s in the first quarter worth approximately $29,000. Quarry LP acquired a new position in shares of Macy’s in the first quarter worth approximately $105,000. Raiffeisen Bank International AG acquired a new position in shares of Macy’s in the fourth quarter worth approximately $111,000. Finally, Versant Capital Management Inc lifted its stake in shares of Macy’s by 343.4% in the first quarter. Versant Capital Management Inc now owns 9,449 shares of the company’s stock worth $119,000 after acquiring an additional 7,318 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

M has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 4th. The Goldman Sachs Group lifted their price objective on Macy’s from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Citigroup lifted their price objective on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. UBS Group lifted their price objective on Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a research note on Thursday, September 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 price objective (up from $14.00) on shares of Macy’s in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.85.

Insider Activity at Macy’s

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.77% of the stock is currently owned by corporate insiders.

Macy’s Price Performance

Shares of M opened at $17.23 on Wednesday. Macy’s, Inc. has a 52-week low of $9.76 and a 52-week high of $18.13. 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 business’s 50 day moving average price is $13.16 and its two-hundred day moving average price is $12.51. The firm has a market cap of $4.68 billion, a PE ratio of 9.85 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’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, equities analysts anticipate that Macy’s, Inc. will post 2.39 EPS for the current year.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.1824 per share. The ex-dividend date is Monday, September 15th. This represents a $0.73 annualized dividend and a dividend yield of 4.2%. Macy’s’s payout ratio is currently 41.71%.

About Macy’s

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.