Illinois Municipal Retirement Fund Boosts Stock Position in Macy’s, Inc. $M

Illinois Municipal Retirement Fund boosted its position in Macy’s, Inc. (NYSE:M) by 39.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,193 shares of the company’s stock after buying an additional 110,290 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.14% of Macy’s worth $4,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas grew its holdings in shares of Macy’s by 157.1% during the 1st quarter. Teacher Retirement System of Texas now owns 44,645 shares of the company’s stock valued at $561,000 after purchasing an additional 27,281 shares during the last quarter. Principal Financial Group Inc. boosted its position in Macy’s by 0.4% during the first quarter. Principal Financial Group Inc. now owns 638,586 shares of the company’s stock valued at $8,021,000 after buying an additional 2,858 shares during the period. Nisa Investment Advisors LLC boosted its position in Macy’s by 58.6% during the first quarter. Nisa Investment Advisors LLC now owns 12,673 shares of the company’s stock valued at $161,000 after buying an additional 4,681 shares during the period. Stephens Inc. AR grew its stake in shares of Macy’s by 1,000.0% during the first quarter. Stephens Inc. AR now owns 110,000 shares of the company’s stock valued at $1,382,000 after buying an additional 100,000 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Macy’s by 418.7% in the first quarter. CWM LLC now owns 70,335 shares of the company’s stock worth $883,000 after buying an additional 56,776 shares during the period. 87.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

M has been the topic of several recent research reports. Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group raised their target price on shares of Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a report on Thursday, September 4th. BTIG Research assumed coverage on shares of Macy’s in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $17.00 price target (up previously from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. Finally, Morgan Stanley boosted their price objective on shares of Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Macy’s presently has an average rating of “Hold” and a consensus target price of $15.45.

Macy’s Stock Up 0.5%

M stock opened at $20.55 on Thursday. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $21.25. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 11.74 and a beta of 1.83. The business’s 50 day moving average price is $18.27 and its two-hundred day moving average price is $14.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38.

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

Macy’s Announces Dividend

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

Insider Transactions at Macy’s

In related news, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction on 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 transaction, the executive vice president owned 136,161 shares in the company, valued at approximately $2,416,857.75. The trade was a 42.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Griscom sold 12,843 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the transaction, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 212,843 shares of company stock worth $3,726,670. Insiders own 2.77% of the company’s stock.

Macy’s Company Profile

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.