Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Macy’s, Inc. $M

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Macy’s, Inc. (NYSE:M) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,288,800 shares of the company’s stock, valued at approximately $23,314,000.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Macy’s by 38.3% in 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 acquiring an additional 45,149 shares during the period. 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 1st 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 purchasing an additional 55,821 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Macy’s by 33.1% in the 1st quarter. Focus Partners Wealth now owns 58,197 shares of the company’s stock worth $731,000 after purchasing an additional 14,489 shares during the last quarter. Cetera Investment Advisers boosted its position in Macy’s by 49.6% during the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company’s stock valued at $283,000 after purchasing an additional 8,053 shares during the period. Finally, Invesco Ltd. boosted its position in Macy’s by 160.5% during the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock valued at $49,941,000 after purchasing an additional 2,639,132 shares during the period. Institutional investors own 87.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on M shares. Wall Street Zen raised Macy’s from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Citigroup boosted their price target on shares of Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Telsey Advisory Group upped their price target on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. TD Cowen increased their price objective on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Finally, UBS Group reiterated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.70.

Insider Buying and Selling at Macy’s

In related news, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president directly owned 25,373 shares of the company’s stock, valued at $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the sale, the executive vice president directly owned 20,000 shares of the company’s stock, valued at $497,800. The trade was a 45.08% decrease in their ownership of the stock. 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. 1.05% of the stock is currently owned by company insiders.

Macy’s Trading Down 0.2%

Shares of M stock opened at $23.33 on Monday. Macy’s, Inc. has a 1 year low of $11.77 and a 1 year high of $26.10. The firm has a market capitalization of $6.14 billion, a PE ratio of 9.64 and a beta of 1.46. The stock has a fifty day moving average of $23.02 and a two-hundred day moving average of $20.95. 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 (NYSE:M) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, research analysts expect that Macy’s, Inc. will post 2.19 EPS for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, June 15th. Macy’s’s dividend payout ratio is 31.40%.

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.