Fulcrum Asset Management LLP Acquires 237,658 Shares of Macy’s, Inc. $M

Fulcrum Asset Management LLP raised its holdings in shares of Macy’s, Inc. (NYSE:M) by 3,303.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,852 shares of the company’s stock after buying an additional 237,658 shares during the period. Fulcrum Asset Management LLP’s holdings in Macy’s were worth $5,698,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Macy’s in the third quarter worth approximately $36,000. V Square Quantitative Management LLC grew its position in shares of Macy’s by 48.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock valued at $44,000 after acquiring an additional 632 shares during the period. Allworth Financial LP grew its position in shares of Macy’s by 37.0% during the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after acquiring an additional 613 shares during the period. CoreCap Advisors LLC grew its position in shares of Macy’s by 333.3% during the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the company’s stock valued at $61,000 after acquiring an additional 2,000 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Macy’s in the 2nd quarter worth $69,000. 87.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

M has been the topic of a number of recent research reports. Zacks Research cut Macy’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. BTIG Research reiterated a “neutral” rating on shares of Macy’s in a research report on Friday, September 11th. Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen started coverage on Macy’s in a research report on Friday, October 30th. They issued a “hold” rating for the company. Finally, Weiss Ratings upgraded Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Three investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.78.

Macy’s Price Performance

NYSE M opened at $23.14 on Monday. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. Macy’s, Inc. has a 12 month low of $16.69 and a 12 month high of $26.58. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 8.48 and a beta of 1.39. The company’s 50 day moving average is $22.94 and its two-hundred day moving average is $21.75.

Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.26. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.81 billion. Macy’s had a net margin of 3.29% and a return on equity of 13.21%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. 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, research analysts anticipate that Macy’s, Inc. will post 2.32 earnings per share for the current year.

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be paid a dividend of $0.1915 per share. The ex-dividend date is Tuesday, December 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.3%. Macy’s’s payout ratio is 28.21%.

About Macy’s