Cidel Asset Management Inc. Purchases New Shares in Macy’s, Inc. $M

Cidel Asset Management Inc. purchased a new stake in Macy’s, Inc. (NYSE:M) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 11,588 shares of the company’s stock, valued at approximately $135,000.

Several other institutional investors and hedge funds have also modified their holdings of M. RWC Asset Management LLP acquired a new position in shares of Macy’s in the first quarter valued at about $80,868,000. AQR Capital Management LLC lifted its position in Macy’s by 269.2% during the first 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 period. Trexquant Investment LP bought a new stake in Macy’s during the first quarter worth about $22,059,000. American Century Companies Inc. lifted its position in Macy’s by 21.9% during the first quarter. American Century Companies Inc. now owns 8,699,534 shares of the company’s stock worth $109,266,000 after purchasing an additional 1,562,402 shares during the period. Finally, Invenomic Capital Management LP lifted its position in Macy’s by 91.6% during the first quarter. Invenomic Capital Management LP now owns 1,724,214 shares of the company’s stock worth $21,656,000 after purchasing an additional 824,174 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 18th. UBS Group upped their price objective on shares of Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. upped their price objective on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Jefferies Financial Group upped their price objective on shares of Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Finally, Barclays upped their price objective on shares of Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Macy’s currently has an average rating of “Hold” and an average price target of $15.45.

Insider Buying and Selling

In related news, EVP Danielle L. Kirgan sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the completion of the transaction, the executive vice president owned 286,161 shares in the company, valued at $4,950,585.30. This trade represents a 25.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Griscom sold 12,843 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the transaction, the senior vice president owned 23,379 shares of the company’s stock, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 212,843 shares of company stock valued at $3,726,670. 2.77% of the stock is owned by company insiders.

Macy’s Stock Up 0.9%

M stock opened at $17.98 on Tuesday. The stock has a market capitalization of $4.83 billion, a P/E ratio of 10.27 and a beta of 1.78. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. Macy’s, Inc. has a 12 month low of $9.76 and a 12 month high of $18.47. The firm has a 50-day moving average price of $16.13 and a 200-day moving average price of $13.33.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, equities research analysts anticipate that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, September 15th. Macy’s’s dividend payout ratio (DPR) is 41.71%.

Macy’s Company 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.