Evolve Private Wealth LLC Acquires 19,785 Shares of Macy’s, Inc. $M

Evolve Private Wealth LLC raised its holdings in shares of Macy’s, Inc. (NYSE:M) by 93.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,877 shares of the company’s stock after buying an additional 19,785 shares during the quarter. Evolve Private Wealth LLC’s holdings in Macy’s were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Macy’s by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,145,972 shares of the company’s stock worth $356,020,000 after buying an additional 494,280 shares in the last quarter. RWC Asset Management LLP raised its position in shares of Macy’s by 0.6% during the 4th quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock valued at $241,782,000 after buying an additional 62,839 shares in the last quarter. American Century Companies Inc. raised its position in shares of Macy’s by 6.6% during the 3rd quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock valued at $193,004,000 after buying an additional 669,729 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Macy’s by 1.1% during the 3rd quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock worth $174,608,000 after acquiring an additional 110,548 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Macy’s by 0.5% during the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after acquiring an additional 45,997 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on M shares. JPMorgan Chase & Co. upped their target price on shares of Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Citigroup lifted their price target on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. TD Cowen upped their price objective on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday. 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, Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $20.80.

Macy’s Stock Performance

Macy’s stock opened at $25.34 on Thursday. The firm has a fifty day simple moving average of $21.14 and a two-hundred day simple moving average of $20.83. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. Macy’s, Inc. has a twelve month low of $10.72 and a twelve month high of $25.65. The company has a market capitalization of $6.67 billion, a PE ratio of 10.47 and a beta of 1.48.

Macy’s (NYSE:M) last released its quarterly earnings data 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 for 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 company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts expect that Macy’s, Inc. will post 2.16 EPS for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.1915 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Insider Buying and Selling

In other Macy’s news, CEO Olivier Bron sold 7,228 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $129,525.76. Following the transaction, the chief executive officer owned 21,590 shares in the company, valued at approximately $386,892.80. The trade was a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the transaction, the executive vice president directly owned 20,000 shares of the company’s stock, valued at approximately $497,800. This trade represents a 45.08% 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 111,386 shares of company stock valued at $2,113,945 over the last quarter. Company insiders own 1.05% of the company’s stock.

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.