Pacer Advisors Inc. Raises Stock Holdings in Macy’s, Inc. $M

Pacer Advisors Inc. boosted its position in shares of Macy’s, Inc. (NYSE:M) by 1,859.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,337,481 shares of the company’s stock after acquiring an additional 1,269,211 shares during the quarter. Pacer Advisors Inc.’s holdings in Macy’s were worth $29,491,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group increased its position in shares of Macy’s by 1.1% in the third quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock valued at $174,608,000 after acquiring an additional 110,548 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Macy’s in the fourth quarter worth about $3,524,000. Artemis Investment Management LLP bought a new stake in shares of Macy’s in the fourth quarter worth about $2,752,000. Wedge Capital Management L L P NC purchased a new position in Macy’s during the 4th quarter valued at about $30,722,000. Finally, Private Advisory Group LLC bought a new position in Macy’s during the 4th quarter valued at approximately $1,396,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Trending Headlines about Macy’s

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Zacks Research raised several of Macy’s forward earnings estimates, including FY2027, FY2028 and FY2029, signaling improved longer-term profit expectations for the retailer.
• Positive Sentiment: Recent commentary highlighted better traction in Macy’s “Bold New Chapter” turnaround, with comparable sales improving, luxury banners performing well, and digital execution strengthening. Article Title
• Positive Sentiment: Analysts also noted Macy’s is leaning into luxury, AI and omnichannel retail, which could support higher sales quality and efficiency if execution continues to improve. Article Title
• Neutral Sentiment: Some analysts remain at “Hold,” with one Seeking Alpha piece saying Macy’s shows clearer turnaround evidence but margins are still not strong enough to justify a more bullish stance. Article Title
• Negative Sentiment: Zacks also trimmed some near-term earnings estimates, including Q2 2027 and Q3 2027, reflecting continuing uncertainty around Macy’s short-term earnings path.
• Negative Sentiment: The bull case is still tempered by margin pressure, store closures, and demand risks, which could limit how much of the turnaround gets translated into sustained profit growth. Article Title

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on M shares. Citigroup lifted their price objective on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. TD Cowen decreased their target price on Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, March 19th. JPMorgan Chase & Co. raised their price target on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Zacks Research upgraded shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $20.30.

Insider Buying and Selling at Macy’s

In other news, EVP Tracy M. Preston sold 5,271 shares of Macy’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $94,456.32. Following the completion of the transaction, the executive vice president directly owned 28,773 shares in the company, valued at approximately $515,612.16. This trade represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of Macy’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $896,788.48. Following the transaction, the chief executive officer owned 485,791 shares of the company’s stock, valued at $8,705,374.72. The trade was a 9.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 94,967 shares of company stock worth $1,705,276. Insiders own 1.05% of the company’s stock.

Macy’s Price Performance

M opened at $24.18 on Friday. The stock has a fifty day simple moving average of $20.81 and a two-hundred day simple moving average of $20.79. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 9.99 and a beta of 1.48. Macy’s, Inc. has a 12-month low of $10.54 and a 12-month high of $25.65.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Research analysts predict that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.1915 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.2%. Macy’s’s payout ratio is presently 31.40%.

Macy’s Company 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.