Evolve Private Wealth LLC Acquires 19,785 Shares of Macy’s, Inc. $M

Evolve Private Wealth LLC increased its holdings in Macy’s, Inc. (NYSE:M) by 93.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,877 shares of the company’s stock after acquiring an additional 19,785 shares during the quarter. Evolve Private Wealth LLC’s holdings in Macy’s were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Diversified Trust Co bought a new position in Macy’s in the 1st quarter worth $295,000. Hsbc Holdings PLC boosted its stake in shares of Macy’s by 112.1% during the 4th quarter. Hsbc Holdings PLC now owns 383,947 shares of the company’s stock valued at $8,442,000 after purchasing an additional 202,906 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Macy’s by 51.9% during the fourth quarter. Corient Private Wealth LLC now owns 292,216 shares of the company’s stock valued at $6,444,000 after buying an additional 99,832 shares during the period. Pacer Advisors Inc. raised its stake in Macy’s by 1,859.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,337,481 shares of the company’s stock worth $29,491,000 after buying an additional 1,269,211 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new stake in Macy’s in the fourth quarter worth about $271,000. Institutional investors own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on M. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. Citigroup lifted their price target on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Evercore set a $22.00 price objective on Macy’s in a report on Thursday, June 4th. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research report on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $20.80.

Insider Activity at Macy’s

In other Macy’s news, CEO Olivier Bron sold 7,228 shares of Macy’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $129,525.76. Following the completion of the sale, the chief executive officer owned 21,590 shares of the company’s stock, valued at approximately $386,892.80. This trade represents a 25.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Danielle L. Kirgan sold 10,010 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the sale, the executive vice president directly owned 108,008 shares in the company, valued at $1,935,503.36. This trade represents a 8.48% 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. Insiders have sold 111,386 shares of company stock valued at $2,113,945 over the last ninety days. Corporate insiders own 1.05% of the company’s stock.

Macy’s Price Performance

M opened at $25.34 on Thursday. The firm has a market cap of $6.67 billion, a PE ratio of 10.47 and a beta of 1.48. The stock has a 50-day moving average price of $21.14 and a 200-day moving average price of $20.83. Macy’s, Inc. has a 1 year low of $10.72 and a 1 year high of $25.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. Macy’s’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts predict that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1915 per share. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.0%. Macy’s’s dividend payout ratio is presently 31.82%.

About Macy’s

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.