Corient Private Wealth LLC Grows Stock Position in Macy’s, Inc. $M

Corient Private Wealth LLC raised its holdings in Macy’s, Inc. (NYSE:M) by 51.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 292,216 shares of the company’s stock after acquiring an additional 99,832 shares during the period. Corient Private Wealth LLC’s holdings in Macy’s were worth $6,444,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Macy’s by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,145,972 shares of the company’s stock valued at $356,020,000 after acquiring an additional 494,280 shares during the last quarter. RWC Asset Management LLP raised its stake in shares of Macy’s by 0.6% in the 4th quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock valued at $241,782,000 after acquiring an additional 62,839 shares during the period. American Century Companies Inc. lifted its holdings in shares of Macy’s by 6.6% in the 3rd quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock worth $193,004,000 after acquiring an additional 669,729 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Macy’s by 1.1% in the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after acquiring an additional 110,548 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Macy’s by 0.5% during the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after purchasing an additional 45,997 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Insider Buying and Selling

In other news, EVP Danielle L. Kirgan sold 10,010 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $896,788.48. Following the completion of the sale, the chief executive officer owned 485,791 shares in the company, valued at approximately $8,705,374.72. This represents a 9.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 111,386 shares of company stock valued at $2,113,945 over the last ninety days. 1.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. TD Cowen increased their price target on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday. Jefferies Financial Group reissued a “buy” rating and issued a $22.00 price objective on shares of Macy’s in a research note on Wednesday, March 18th. Citigroup lifted their price objective on shares of Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Finally, Telsey Advisory Group upped their target price on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Macy’s has a consensus rating of “Reduce” and a consensus target price of $20.80.

Macy’s Trading Up 1.3%

M opened at $25.68 on Friday. Macy’s, Inc. has a 12 month low of $10.87 and a 12 month high of $26.00. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 10.61 and a beta of 1.48. 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 fifty day moving average price of $21.27 and a 200 day moving average price of $20.85.

Macy’s (NYSE:M) last posted its quarterly 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 company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.During the same quarter last year, the company earned $0.16 EPS. Macy’s’s revenue for the quarter was up 1.8% compared to the same quarter last year. 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. Sell-side analysts expect that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Announces Dividend

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