Schroder Investment Management Group Has $112.26 Million Stock Holdings in Macy’s, Inc. $M

Schroder Investment Management Group raised its position in Macy’s, Inc. (NYSE:M) by 104.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,627,790 shares of the company’s stock after buying an additional 4,920,821 shares during the quarter. Schroder Investment Management Group’s holdings in Macy’s were worth $112,260,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in M. PNC Financial Services Group Inc. raised its holdings in shares of Macy’s by 3.6% in the second quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company’s stock valued at $307,000 after purchasing an additional 907 shares during the last quarter. Factorial Partners LLC boosted its holdings in Macy’s by 0.9% during the first quarter. Factorial Partners LLC now owns 111,000 shares of the company’s stock worth $1,394,000 after purchasing an additional 1,000 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in Macy’s by 3.2% in the second quarter. Horizon Kinetics Asset Management LLC now owns 32,500 shares of the company’s stock valued at $379,000 after purchasing an additional 1,000 shares in the last quarter. Fifth Third Bancorp grew its position in Macy’s by 28.7% in the second quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock valued at $57,000 after purchasing an additional 1,087 shares in the last quarter. Finally, US Bancorp DE increased its stake in Macy’s by 6.7% in the 1st quarter. US Bancorp DE now owns 19,624 shares of the company’s stock valued at $246,000 after buying an additional 1,227 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on M shares. Telsey Advisory Group increased their price objective on shares of Macy’s from $17.00 to $22.00 and gave the stock a “market perform” rating in a research note on Friday. The Goldman Sachs Group upped their target price on Macy’s from $14.50 to $16.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. UBS Group increased their price target on Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a research report on Thursday, September 4th. Morgan Stanley raised their price target on Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. Finally, BTIG Research began coverage on Macy’s in a research note on Tuesday, October 14th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.25.

Macy’s Trading Down 0.1%

Macy’s stock opened at $22.41 on Friday. The stock has a 50-day simple moving average of $19.04 and a 200 day simple moving average of $15.09. The stock has a market capitalization of $6.02 billion, a P/E ratio of 12.81 and a beta of 1.83. 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, Inc. has a 52 week low of $9.76 and a 52 week high of $22.93.

Macy’s (NYSE:M) last released its quarterly earnings data 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 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 analysts’ expectations of $4.69 billion. During the same period last year, the firm posted $0.53 earnings per share. The business’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. Analysts expect that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th. Macy’s’s payout ratio is 41.71%.

Insider Buying and Selling at Macy’s

In related news, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the transaction, the senior vice president owned 23,379 shares in the company, valued at approximately $403,521.54. This represents a 35.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the completion of the transaction, the executive vice president directly owned 286,161 shares in the company, valued at approximately $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 212,843 shares of company stock worth $3,726,670. Corporate 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.