30,422 Shares in Macy’s, Inc. $M Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems acquired a new stake in shares of Macy’s, Inc. (NYSE:M) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 30,422 shares of the company’s stock, valued at approximately $550,000.

Other hedge funds also recently bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new stake in Macy’s in the fourth quarter worth $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Macy’s during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after purchasing an additional 526 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after purchasing an additional 486 shares during the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Macy’s by 7,265.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after purchasing an additional 2,325 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Stock Performance

Shares of Macy’s stock opened at $24.78 on Friday. The firm has a market cap of $6.52 billion, a P/E ratio of 10.24 and a beta of 1.46. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. Macy’s, Inc. has a 12 month low of $11.77 and a 12 month high of $26.10. The stock’s fifty day moving average price is $23.53 and its 200-day moving average price is $21.02.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. 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 research analysts expect that Macy’s, Inc. will post 2.19 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued 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 payout ratio is currently 31.82%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on M shares. JPMorgan Chase & Co. lifted their price objective on shares of Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Zacks Research upgraded shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. 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 research report on Thursday, June 4th. Finally, UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.70.

Insider Activity

In other news, EVP Thomas Jr. Edwards sold 16,419 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were 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 approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Macy’s stock in a transaction that occurred on Thursday, June 25th. The shares were 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 in the company, valued at approximately $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.05% of the company’s stock.

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.