QRG Capital Management Inc. Makes New Investment in Macy’s, Inc. $M

QRG Capital Management Inc. purchased a new stake in Macy’s, Inc. (NYSE:M) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 30,301 shares of the company’s stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $2,047,000 after acquiring an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Macy’s by 5.3% during 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 valued at $14,019,000 after purchasing an additional 55,821 shares during the last quarter. Focus Partners Wealth raised its position in shares of Macy’s by 33.1% during 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 period. Cetera Investment Advisers raised its position in shares of Macy’s by 49.6% during the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company’s stock worth $283,000 after purchasing an additional 8,053 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Macy’s by 160.5% in the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after purchasing an additional 2,639,132 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Macy’s

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president directly owned 20,000 shares of the company’s stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the transaction, the senior vice president directly owned 25,373 shares of the company’s stock, 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. Company insiders own 1.05% of the company’s stock.

Wall Street Analyst Weigh In

M has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of Macy’s in a research report on Wednesday, March 18th. JPMorgan Chase & Co. raised their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. TD Cowen boosted their price target on shares of Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a report on Monday, June 22nd. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Evercore set a $22.00 price objective on shares of Macy’s in a report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.70.

Macy’s Price Performance

Shares of NYSE M opened at $22.68 on Friday. The stock has a market cap of $5.96 billion, a P/E ratio of 9.37 and a beta of 1.46. The firm’s 50-day simple moving average is $22.03 and its 200 day simple moving average is $20.87. Macy’s, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $26.10. 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 earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 2.94% and a return on equity of 13.68%. Macy’s’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities analysts expect that Macy’s, Inc. will post 2.19 EPS for the current year.

Macy’s Dividend Announcement

The business also recently disclosed 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 3.4%. Macy’s’s dividend payout ratio (DPR) is 31.82%.

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.