Readystate Asset Management LP Boosts Stock Position in Macy’s, Inc. $M

Readystate Asset Management LP boosted its position in Macy’s, Inc. (NYSE:M) by 53.5% in the 1st quarter, HoldingsChannel reports. The firm owned 187,715 shares of the company’s stock after purchasing an additional 65,431 shares during the period. Readystate Asset Management LP’s holdings in Macy’s were worth $3,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in M. Strengthening Families & Communities LLC acquired a new stake in shares of Macy’s during the 4th quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in shares of Macy’s during the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its position in Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after acquiring an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Macy’s by 35.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after acquiring an additional 486 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Macy’s by 7,265.6% in the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after acquiring an additional 2,325 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. TD Cowen increased their target price on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, June 22nd. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Evercore set a $22.00 price target on Macy’s in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.70.

Insider Activity

In related news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed 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 the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the transaction, the senior vice president owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. This represents a 28.43% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.05% of the company’s stock.

Macy’s Stock Performance

Shares of NYSE:M opened at $25.11 on Wednesday. The firm has a market capitalization of $6.60 billion, a PE ratio of 10.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The business has a 50-day moving average of $23.27 and a two-hundred day moving average of $20.98. Macy’s, Inc. has a 12 month low of $11.77 and a 12 month high of $26.10.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, research analysts forecast that Macy’s, Inc. will post 2.19 earnings per share for the current year.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a $0.1915 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.1%. 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.