Teacher Retirement System of Texas Has $581,000 Stock Position in Macy’s, Inc. $M

Teacher Retirement System of Texas lifted its holdings in shares of Macy’s, Inc. (NYSE:M) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,839 shares of the company’s stock after acquiring an additional 5,194 shares during the period. Teacher Retirement System of Texas’ holdings in Macy’s were worth $581,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in M. Summit Securities Group LLC boosted its stake in Macy’s by 106.0% during the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock valued at $28,000 after purchasing an additional 38,800 shares during the last quarter. Headlands Technologies LLC bought a new stake in Macy’s during the first quarter worth $29,000. UMB Bank n.a. raised its position in Macy’s by 523.0% in the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock valued at $37,000 after buying an additional 2,662 shares during the last quarter. Fifth Third Bancorp lifted its stake in Macy’s by 28.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock valued at $57,000 after acquiring an additional 1,087 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Macy’s by 116.2% during the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock worth $88,000 after acquiring an additional 4,080 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on M shares. Jefferies Financial Group increased their target price on shares of Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 18th. The Goldman Sachs Group increased their price target on Macy’s from $14.50 to $16.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 price target (up from $14.00) on shares of Macy’s in a report on Wednesday, September 3rd. Two research 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 issued a Sell rating to the stock. Based on data from MarketBeat, Macy’s presently has an average rating of “Hold” and an average target price of $15.45.

Insider Activity

In other Macy’s news, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the completion of the transaction, the executive vice president owned 136,161 shares in the company, valued at $2,416,857.75. This trade represents a 42.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction dated Thursday, September 11th. The stock was 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 $403,521.54. The trade was a 35.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 212,843 shares of company stock worth $3,726,670. Insiders own 1.09% of the company’s stock.

Macy’s Trading Up 0.1%

Shares of M stock opened at $20.38 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. The firm has a market cap of $5.47 billion, a P/E ratio of 11.64 and a beta of 1.83. The company has a 50 day moving average of $17.90 and a 200-day moving average of $14.15. Macy’s, Inc. has a 12-month low of $9.76 and a 12-month high of $21.25.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.22. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.69 billion. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.Macy’s’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company 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. Sell-side analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be paid a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, December 15th. Macy’s’s payout ratio is currently 41.71%.

About Macy’s

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.