Byrne Asset Management LLC Sells 4,750 Shares of Macy’s, Inc. $M

Byrne Asset Management LLC cut its stake in shares of Macy’s, Inc. (NYSE:M) by 47.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,215 shares of the company’s stock after selling 4,750 shares during the quarter. Byrne Asset Management LLC’s holdings in Macy’s were worth $61,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its stake in shares of Macy’s by 173.9% in the first quarter. Hsbc Holdings PLC now owns 85,939 shares of the company’s stock worth $1,087,000 after acquiring an additional 54,558 shares during the period. State of Alaska Department of Revenue increased its position in Macy’s by 126.0% during the 1st quarter. State of Alaska Department of Revenue now owns 184,511 shares of the company’s stock valued at $2,317,000 after purchasing an additional 102,885 shares during the period. Bayforest Capital Ltd bought a new position in Macy’s during the 1st quarter worth approximately $720,000. GAMMA Investing LLC lifted its position in shares of Macy’s by 1,188.7% in the 1st quarter. GAMMA Investing LLC now owns 44,086 shares of the company’s stock worth $554,000 after purchasing an additional 40,665 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in shares of Macy’s in the 1st quarter valued at $304,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Transactions at Macy’s

In other Macy’s news, 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 in the company, valued at approximately $403,521.54. The trade was a 35.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $17.30, for a total value of $1,730,000.00. Following the sale, the executive vice president directly owned 286,161 shares of the company’s stock, valued at $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.77% of the stock is owned by company insiders.

Macy’s Price Performance

Shares of NYSE M opened at $17.44 on Tuesday. The firm has a market capitalization of $4.68 billion, a P/E ratio of 9.97 and a beta of 1.78. The firm’s 50-day moving average price is $13.54 and its 200-day moving average price is $12.57. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. Macy’s, Inc. has a 1-year low of $9.76 and a 1-year high of $18.13.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.19 by $0.22. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period last year, the business posted $0.53 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Equities research analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, September 15th. Macy’s’s dividend payout ratio (DPR) is currently 41.71%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on M. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 price objective (up from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. UBS Group upped their price target on shares of Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a research report on Thursday, September 4th. The Goldman Sachs Group lifted their price objective on Macy’s from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. upped their target price on Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group raised their target price on Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.85.

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.