Robeco Institutional Asset Management B.V. Reduces Holdings in Macy’s, Inc. $M

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Macy’s, Inc. (NYSE:M) by 96.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,589 shares of the company’s stock after selling 299,549 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Macy’s were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in shares of Macy’s by 523.0% in the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock worth $37,000 after purchasing an additional 2,662 shares in the last quarter. Fifth Third Bancorp increased its position in Macy’s by 28.7% in the second quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after buying an additional 1,087 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Macy’s by 116.2% in the second quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock worth $88,000 after buying an additional 4,080 shares during the period. Parallel Advisors LLC lifted its position in shares of Macy’s by 147.8% during the 2nd quarter. Parallel Advisors LLC now owns 8,332 shares of the company’s stock valued at $97,000 after buying an additional 4,970 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. bought a new position in shares of Macy’s during the 2nd quarter valued at approximately $117,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Insider Transactions at Macy’s

In other news, EVP Danielle L. Kirgan sold 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $23.92, for a total value 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 $1,223,771.12. This trade represents a 62.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on M shares. Morgan Stanley lifted their price target on shares of Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Evercore ISI lifted their target price on shares of Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research note on Monday, December 29th. Wall Street Zen upgraded Macy’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, The Goldman Sachs Group increased their target price on Macy’s from $16.50 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned 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 has a consensus rating of “Hold” and a consensus target price of $20.50.

Macy’s Trading Down 5.5%

M stock opened at $21.91 on Tuesday. The firm has a fifty day moving average price of $21.93 and a 200 day moving average price of $17.55. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. The firm has a market cap of $5.82 billion, a PE ratio of 12.96 and a beta of 1.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.18 and a current ratio of 1.25.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.22. Macy’s had a net margin of 2.10% and a return on equity of 15.57%. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the business earned $0.04 earnings per share. Macy’s’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. Sell-side analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 15th were paid a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, December 15th. Macy’s’s payout ratio is presently 43.20%.

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.