Geode Capital Management LLC Sells 123,133 Shares of Macy’s, Inc. $M

Geode Capital Management LLC lessened its holdings in shares of Macy’s, Inc. (NYSE:M) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,979,409 shares of the company’s stock after selling 123,133 shares during the period. Geode Capital Management LLC’s holdings in Macy’s were worth $109,819,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in M. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Macy’s by 38.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company’s stock valued at $2,047,000 after purchasing an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Macy’s by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company’s stock worth $14,019,000 after buying an additional 55,821 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Macy’s by 33.1% in the first quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after buying an additional 14,489 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Macy’s by 49.6% in the second quarter. Cetera Investment Advisers now owns 24,300 shares of the company’s stock worth $283,000 after buying an additional 8,053 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Macy’s by 160.5% in the second quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after buying an additional 2,639,132 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Macy’s news, EVP Danielle L. Kirgan sold 10,010 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $179,379.20. Following the completion of the transaction, the executive vice president owned 108,008 shares of the company’s stock, valued at approximately $1,935,503.36. The trade was a 8.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Olivier Bron sold 7,228 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $129,525.76. Following the completion of the transaction, the chief executive officer directly owned 21,590 shares of the company’s stock, valued at approximately $386,892.80. This trade represents a 25.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 94,967 shares of company stock worth $1,705,276 in the last 90 days. 1.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on M. Evercore set a $22.00 target price on shares of Macy’s in a research note on Thursday. Zacks Research upgraded shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. JPMorgan Chase & Co. raised their target price on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup raised their target price on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Telsey Advisory Group raised their target price on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Macy’s has an average rating of “Reduce” and an average price target of $20.30.

Macy’s Stock Down 3.7%

NYSE:M opened at $22.19 on Friday. The firm’s 50-day moving average price is $19.62 and its 200-day moving average price is $20.56. The company has a market capitalization of $5.85 billion, a PE ratio of 9.17 and a beta of 1.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.50. Macy’s, Inc. has a 1-year low of $10.54 and a 1-year high of $24.41.

Macy’s (NYSE:M) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.Macy’s’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. 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. On average, equities analysts predict that Macy’s, Inc. will post 2.13 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s payout ratio is currently 31.82%.

More Macy’s News

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s reported earnings that topped estimates across the board, with comps rising 3% year over year and management raising its full-year outlook, signaling that the turnaround strategy is working. Why Is Macy’s (M) Stock Rocketing Higher Today
• Positive Sentiment: JPMorgan and Telsey both raised their price targets on Macy’s, reflecting improved confidence in the company’s earnings power and recovery trajectory. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Traders bought significantly more call options than usual, a sign that some investors are positioning for additional upside after the earnings beat.
• Neutral Sentiment: Macy’s also announced it will participate in the Evercore Consumer and Retail Conference, which keeps the company in front of investors but does not materially change fundamentals. Macy’s, Inc. to Participate in 6th Annual Evercore Consumer and Retail Conference
• Neutral Sentiment: Coverage also highlighted Berkshire Hathaway’s new stake in Macy’s and broader interest in the retailer’s improving prospects, adding to the bullish narrative around the stock. Why Macy’s Stock Jumped 11% in May
• Negative Sentiment: The removal of Macy’s long-running Herald Square “shopping bag” billboard is a symbolic change, but it is more of a branding/cultural story than a direct financial driver. Macy’s 60-year-old ‘shopping bag’ billboard in Herald Square to be demolished

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.