Brandywine Global Investment Management LLC Has $11.28 Million Stake in Macy’s, Inc. $M

Brandywine Global Investment Management LLC boosted its position in Macy’s, Inc. (NYSE:M) by 274.9% in the 4th quarter, HoldingsChannel reports. The firm owned 511,406 shares of the company’s stock after acquiring an additional 374,978 shares during the period. Brandywine Global Investment Management LLC’s holdings in Macy’s were worth $11,277,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of M. Strengthening Families & Communities LLC acquired a new stake in Macy’s in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in Macy’s in the 4th quarter valued at about $29,000. Bessemer Group Inc. lifted its stake in Macy’s by 41.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after purchasing an additional 592 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Macy’s by 101.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after purchasing an additional 1,162 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in Macy’s by 7,265.6% in the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after purchasing an additional 2,325 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Trading Down 0.5%

Shares of M stock opened at $22.16 on Wednesday. The firm has a 50 day moving average price of $19.78 and a two-hundred day moving average price of $20.61. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $5.83 billion, a PE ratio of 9.16 and a beta of 1.48. Macy’s, Inc. has a 12-month low of $10.54 and a 12-month high of $24.41.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion during 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%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. 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. As a group, analysts predict that Macy’s, Inc. will post 2.15 earnings per share for the current year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.1915 per share. The ex-dividend date is Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.5%. Macy’s’s dividend payout ratio (DPR) is 31.82%.

Insider Activity 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 value of $94,456.32. Following the completion of the sale, the executive vice president directly owned 28,773 shares in the company, valued at approximately $515,612.16. The trade was a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 $179,379.20. Following the completion of the sale, the executive vice president owned 108,008 shares of the company’s stock, valued at approximately $1,935,503.36. The trade was a 8.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 94,967 shares of company stock valued at $1,705,276. 1.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on M. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. JPMorgan Chase & Co. raised their target price on shares of Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Telsey Advisory Group raised their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, TD Cowen cut their target price on shares of Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $20.30.

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.