Macy’s, Inc. $M Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in shares of Macy’s, Inc. (NYSE:M) by 61.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 178,152 shares of the company’s stock after buying an additional 68,058 shares during the quarter. Corient Private Wealth LLC’s holdings in Macy’s were worth $2,077,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of M. Texas Permanent School Fund Corp grew its holdings in shares of Macy’s by 25.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 304,192 shares of the company’s stock worth $3,547,000 after purchasing an additional 62,596 shares during the period. Osaic Holdings Inc. lifted its position in Macy’s by 24.8% in the second quarter. Osaic Holdings Inc. now owns 22,147 shares of the company’s stock valued at $260,000 after buying an additional 4,406 shares during the last quarter. Caxton Associates LLP purchased a new position in Macy’s during the second quarter worth about $2,276,000. CANADA LIFE ASSURANCE Co boosted its stake in Macy’s by 1.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 241,971 shares of the company’s stock worth $2,819,000 after buying an additional 2,909 shares during the period. Finally, Tidal Investments LLC increased its position in shares of Macy’s by 4.4% during the second quarter. Tidal Investments LLC now owns 60,746 shares of the company’s stock valued at $708,000 after acquiring an additional 2,544 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Telsey Advisory Group upped their price objective on shares of Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. Evercore ISI upped their price target on Macy’s from $14.00 to $21.00 and gave the stock a “cautious” rating in a research note on Friday, December 5th. Cowen restated a “hold” rating on shares of Macy’s in a research report on Thursday, December 4th. UBS Group set a $21.00 price objective on Macy’s in a report on Thursday, December 4th. Finally, Guggenheim assumed coverage on Macy’s in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.50.

Macy’s Price Performance

Shares of NYSE M opened at $22.58 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 13.36 and a beta of 1.44. The stock’s 50-day moving average is $20.88 and its two-hundred day moving average is $16.45. Macy’s, Inc. has a 1-year low of $9.76 and a 1-year high of $24.41.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.22. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter last year, the business posted $0.04 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a $0.1824 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.2%. Macy’s’s dividend payout ratio is currently 43.20%.

Insider Buying and Selling at Macy’s

In other news, EVP Danielle L. Kirgan sold 85,000 shares of Macy’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president directly owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. The trade was a 62.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.77% of the company’s stock.

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.