Lind Value II ApS Increases Stock Position in Macy’s, Inc. $M

Lind Value II ApS raised its holdings in Macy’s, Inc. (NYSE:M) by 11.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,192,838 shares of the company’s stock after purchasing an additional 121,280 shares during the period. Macy’s makes up 6.1% of Lind Value II ApS’s portfolio, making the stock its 5th biggest position. Lind Value II ApS’s holdings in Macy’s were worth $13,908,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC boosted its position in shares of 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 acquiring an additional 38,800 shares in the last quarter. Headlands Technologies LLC bought a new position in Macy’s during the first quarter worth about $29,000. UMB Bank n.a. lifted its stake in Macy’s by 523.0% during the second quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after purchasing an additional 2,662 shares during the period. Fifth Third Bancorp raised its holdings in shares of Macy’s by 28.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after buying an additional 1,087 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Macy’s by 116.2% in the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock worth $88,000 after buying an additional 4,080 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Stock Performance

Macy’s stock opened at $19.48 on Friday. The stock has a 50-day simple moving average of $17.22 and a 200 day simple moving average of $13.83. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. Macy’s, Inc. has a 12-month low of $9.76 and a 12-month high of $19.99. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 11.13 and a beta of 1.78.

Macy’s (NYSE:M) last posted 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 firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, research analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be issued a dividend of $0.1824 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.73 annualized dividend and a yield of 3.7%. Macy’s’s dividend payout ratio is currently 41.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. JPMorgan Chase & Co. boosted their target price on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. BTIG Research began coverage on shares of Macy’s in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock. Citigroup lifted their price target on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Finally, UBS Group lifted their price target on shares of Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.45.

Insider Buying and Selling at Macy’s

In other news, SVP Paul Griscom sold 12,843 shares of the business’s stock in a transaction on 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 sale, the senior vice president owned 23,379 shares in the company, valued at $403,521.54. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction 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 owned 286,161 shares of the company’s stock, valued at approximately $4,950,585.30. The trade was a 25.90% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 212,843 shares of company stock worth $3,726,670. Company insiders own 1.09% of the company’s stock.

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.