Convergence Investment Partners LLC Purchases 73,638 Shares of Macy’s, Inc. $M

Convergence Investment Partners LLC lifted its holdings in Macy’s, Inc. (NYSE:M) by 174.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,882 shares of the company’s stock after acquiring an additional 73,638 shares during the quarter. Convergence Investment Partners LLC’s holdings in Macy’s were worth $2,096,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of M. Dimensional Fund Advisors LP raised its position in Macy’s by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock valued at $298,035,000 after purchasing an additional 329,675 shares during the last quarter. RWC Asset Management LLP grew its holdings in shares of Macy’s by 0.6% during the fourth quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock worth $241,782,000 after purchasing an additional 62,839 shares during the last quarter. State Street Corp increased its stake in shares of Macy’s by 0.5% in the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after buying an additional 45,997 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Macy’s by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock valued at $150,448,000 after buying an additional 2,750,115 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Macy’s by 26.1% in the fourth quarter. LSV Asset Management now owns 6,004,835 shares of the company’s stock valued at $132,407,000 after buying an additional 1,244,631 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

Insider Activity at Macy’s

In other news, EVP Thomas Jr. Edwards sold 16,419 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president directly owned 20,000 shares in the company, valued at approximately $497,800. This represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a filing 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, SVP Paul Griscom sold 10,077 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.05% of the stock is owned by corporate insiders.

Macy’s Stock Performance

Shares of M stock opened at $23.27 on Tuesday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 9.61 and a beta of 1.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The company has a 50-day simple moving average of $22.60 and a 200 day simple moving average of $20.91. Macy’s, Inc. has a 52 week low of $11.77 and a 52 week high of $26.10.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 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 return on equity of 13.68% and a net margin of 2.94%.The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, sell-side analysts predict that Macy’s, Inc. will post 2.19 earnings per share for the current year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a $0.1915 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.3%. Macy’s’s dividend payout ratio is presently 31.40%.

Analyst Ratings Changes

M has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Macy’s from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. TD Cowen boosted their price objective on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, June 22nd. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Telsey Advisory Group increased their price objective on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. Finally, UBS Group reissued a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.70.

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.