LSV Asset Management Boosts Stake in Macy’s, Inc. $M

LSV Asset Management lifted its holdings in shares of Macy’s, Inc. (NYSE:M) by 12.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,760,204 shares of the company’s stock after acquiring an additional 516,359 shares during the quarter. LSV Asset Management’s holdings in Macy’s were worth $85,350,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Waterfront Wealth Inc. increased its holdings in Macy’s by 5.6% during the 3rd quarter. Waterfront Wealth Inc. now owns 209,993 shares of the company’s stock worth $3,910,000 after purchasing an additional 11,190 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Macy’s during the third quarter worth approximately $181,000. Bessemer Group Inc. increased its stake in shares of Macy’s by 41.4% in the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after buying an additional 592 shares during the last quarter. Savant Capital LLC raised its holdings in Macy’s by 2.8% in the third quarter. Savant Capital LLC now owns 61,128 shares of the company’s stock valued at $1,096,000 after acquiring an additional 1,648 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Macy’s in the third quarter valued at $594,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Insider Transactions at Macy’s

In other news, EVP Danielle L. Kirgan sold 85,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the completion of the transaction, the executive vice president owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. The trade was a 62.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.09% of the company’s stock.

Macy’s Stock Up 0.3%

NYSE:M opened at $21.80 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $22.07 and a 200-day moving average of $18.88. The firm has a market capitalization of $5.80 billion, a PE ratio of 12.90 and a beta of 1.50. Macy’s, Inc. has a 52 week low of $9.76 and a 52 week high of $24.41.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.22. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the business posted $0.04 EPS. The business’s revenue was down .6% on a year-over-year basis. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Analysts predict that Macy’s, Inc. will post 2.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on M shares. Citigroup boosted their target price on shares of Macy’s from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Jefferies Financial Group assumed coverage on Macy’s in a report on Wednesday, January 14th. They issued a “buy” rating and a $27.00 price objective for the company. Wall Street Zen upgraded Macy’s from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. The Goldman Sachs Group lifted their target price on Macy’s from $16.50 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Morgan Stanley upped their price target on Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Macy’s presently has an average rating of “Reduce” and an average target price of $20.50.

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.