Mirae Asset Global Investments Co. Ltd. Acquires 255,117 Shares of Macy’s, Inc. $M

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Macy’s, Inc. (NYSE:M) during the third quarter, Holdings Channel.com reports. The fund acquired 255,117 shares of the company’s stock, valued at approximately $5,809,000.

A number of other large investors have also recently made changes to their positions in M. Dimensional Fund Advisors LP grew its holdings in shares of Macy’s by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock valued at $298,035,000 after buying an additional 329,675 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Macy’s by 81.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock worth $104,266,000 after acquiring an additional 2,594,549 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Macy’s in the 2nd quarter worth about $67,450,000. Pacer Advisors Inc. raised its holdings in shares of Macy’s by 40.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,881,348 shares of the company’s stock worth $34,034,000 after acquiring an additional 543,867 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Macy’s in the 2nd quarter worth about $32,562,000. 87.36% of the stock is owned by institutional investors.

Macy’s Price Performance

Shares of NYSE:M opened at $24.19 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock has a market cap of $6.32 billion, a PE ratio of 8.86 and a beta of 1.39. The stock’s fifty day simple moving average is $22.93 and its two-hundred day simple moving average is $21.74. Macy’s, Inc. has a 1-year low of $16.69 and a 1-year high of $26.58.

Macy’s (NYSE:M) last posted its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.26. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. As a group, analysts forecast that Macy’s, Inc. will post 2.32 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be given a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 15th. Macy’s’s dividend payout ratio (DPR) is presently 28.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Citigroup boosted their price objective on Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Wall Street Zen lowered Macy’s from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. TD Cowen began coverage on Macy’s in a research note on Friday, October 30th. They issued a “hold” rating for the company. Finally, BTIG Research restated a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.78.

About Macy’s

Macy’s, Inc (NYSE: M) is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy’s, Bloomingdale’s, and Bluemercury. Macy’s serves a broad customer base with fashion, beauty, and home products, while Bloomingdale’s focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.