Macy’s, Inc. $M Stake Raised by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in shares of Macy’s, Inc. (NYSE:M) by 163.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 81,209 shares of the company’s stock after buying an additional 50,421 shares during the quarter. Ritholtz Wealth Management’s holdings in Macy’s were worth $1,469,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Strengthening Families & Communities LLC bought a new stake in shares of Macy’s in the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Macy’s in the 4th quarter valued at $29,000. Smartleaf Asset Management LLC grew its position in shares of Macy’s by 51.7% in 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 last quarter. CIBC Private Wealth Group LLC grew its holdings in Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after buying an additional 486 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in Macy’s by 7,265.6% during the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after acquiring an additional 2,325 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Buying and Selling at Macy’s

In other Macy’s news, EVP Danielle L. Kirgan sold 10,010 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $179,379.20. Following the sale, the executive vice president directly owned 108,008 shares in the company, valued at approximately $1,935,503.36. This trade represents a 8.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $896,788.48. Following the completion of the sale, the chief executive officer directly owned 485,791 shares in the company, valued at $8,705,374.72. This represents a 9.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 121,463 shares of company stock worth $2,372,218 in the last quarter. Company insiders own 1.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. TD Cowen boosted their price target on Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, June 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. Zacks Research raised shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $20.80.

Macy’s Stock Up 0.0%

NYSE:M opened at $25.97 on Monday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 10.73 and a beta of 1.48. Macy’s, Inc. has a 12-month low of $11.15 and a 12-month high of $26.10. The stock’s fifty day simple moving average is $21.41 and its 200-day simple moving average is $20.87. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last announced its quarterly earnings results 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. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same period last year, the company posted $0.16 EPS. Macy’s’s revenue for the quarter 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. Equities research analysts expect that Macy’s, Inc. will post 2.16 earnings per share for the current year.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio is 31.40%.

Macy’s 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.