BNP Paribas Financial Markets Has $9.29 Million Stock Holdings in Macy’s, Inc. $M

BNP Paribas Financial Markets decreased its holdings in Macy’s, Inc. (NYSE:M) by 29.9% during the 4th quarter, HoldingsChannel reports. The firm owned 421,478 shares of the company’s stock after selling 179,941 shares during the quarter. BNP Paribas Financial Markets’ holdings in Macy’s were worth $9,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strengthening Families & Communities LLC bought a new position in Macy’s in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in Macy’s in the fourth quarter valued at about $29,000. Bessemer Group Inc. grew its position in Macy’s by 41.4% in the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after acquiring an additional 592 shares during the last quarter. Hantz Financial Services Inc. grew its position in Macy’s by 101.1% in the third quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after acquiring an additional 1,162 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in Macy’s by 7,265.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after acquiring an additional 2,325 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Price Performance

Macy’s stock opened at $22.27 on Tuesday. The stock’s 50 day moving average is $19.69 and its 200 day moving average is $20.59. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The firm has a market cap of $5.86 billion, a P/E ratio of 9.20 and a beta of 1.48. Macy’s, Inc. has a one year low of $10.54 and a one year high of $24.41.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period 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. As a group, research analysts expect that Macy’s, Inc. will post 2.15 EPS for the current year.

Macy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.1915 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.4%. Macy’s’s payout ratio is 31.82%.

Insiders Place Their Bets

In other Macy’s news, CEO Antony Spring sold 50,044 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $896,788.48. Following the transaction, the chief executive officer directly owned 485,791 shares of the company’s stock, valued at approximately $8,705,374.72. The trade was a 9.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 the business’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 $179,379.20. Following the completion of the transaction, the executive vice president directly owned 108,008 shares in the company, valued at approximately $1,935,503.36. This trade represents 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. Insiders sold a total of 94,967 shares of company stock valued at $1,705,276 in the last ninety days. 1.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Evercore set a $22.00 target price on Macy’s in a research report on Thursday. TD Cowen decreased their target price on Macy’s from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research report on Wednesday, March 18th. UBS Group restated a “sell” rating on shares of Macy’s in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $20.30.

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.