Aaron Wealth Advisors LLC Decreases Stock Holdings in Macy’s, Inc. $M

Aaron Wealth Advisors LLC lessened its stake in Macy’s, Inc. (NYSE:M) by 72.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,326 shares of the company’s stock after selling 30,461 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Macy’s were worth $205,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in M. Louisiana State Employees Retirement System purchased a new position in Macy’s during the first quarter valued at $1,395,000. Ritholtz Wealth Management increased its stake in shares of Macy’s by 163.8% during the first quarter. Ritholtz Wealth Management now owns 81,209 shares of the company’s stock worth $1,469,000 after purchasing an additional 50,421 shares in the last quarter. Friedenthal Financial raised its position in shares of Macy’s by 1,236.2% during the 1st quarter. Friedenthal Financial now owns 59,513 shares of the company’s stock worth $1,077,000 after purchasing an additional 55,059 shares during the last quarter. Cidel Asset Management Inc. raised its position in shares of Macy’s by 11.1% during the 1st quarter. Cidel Asset Management Inc. now owns 14,036 shares of the company’s stock worth $254,000 after purchasing an additional 1,407 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Macy’s by 1,344.4% in the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock valued at $55,344,000 after buying an additional 2,847,561 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group reiterated a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Citigroup increased their target price on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. Evercore set a $22.00 price target on Macy’s in a research note on Thursday, June 4th. 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 research report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $20.80.

Insider Transactions at Macy’s

In related news, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares in the company, valued at approximately $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tracy M. Preston sold 5,271 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $94,456.32. Following the transaction, the executive vice president directly owned 28,773 shares in the company, valued at $515,612.16. This trade represents a 15.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 99,794 shares of company stock valued at $1,980,443. 1.05% of the stock is currently owned by company insiders.

Macy’s Stock Performance

M opened at $23.51 on Wednesday. The firm has a market capitalization of $6.18 billion, a PE ratio of 9.72 and a beta of 1.48. Macy’s, Inc. has a twelve month low of $11.52 and a twelve month high of $26.10. The firm’s 50-day moving average price is $21.60 and its 200 day moving average price is $20.89. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. Macy’s’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. 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, sell-side analysts expect that Macy’s, Inc. will post 2.16 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 15th. Macy’s’s dividend payout ratio (DPR) is currently 31.82%.

Macy’s 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.