Fifth Third Bancorp Boosts Stake in Macy’s, Inc. $M

Fifth Third Bancorp increased its stake in Macy’s, Inc. (NYSE:M) by 4,636.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 206,309 shares of the company’s stock after purchasing an additional 201,953 shares during the quarter. Fifth Third Bancorp’s holdings in Macy’s were worth $3,732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of M. Strengthening Families & Communities LLC bought a new stake in Macy’s during the fourth quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in shares of Macy’s during the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC increased its holdings in Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after acquiring an additional 526 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after acquiring an additional 486 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in Macy’s by 7,265.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after acquiring an additional 2,325 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Paul Griscom sold 10,077 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the completion of the transaction, the senior vice president owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. This trade represents a 28.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. This represents a 45.08% 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. Company insiders own 1.05% of the company’s stock.

Macy’s Stock Performance

NYSE:M opened at $23.66 on Monday. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 9.78 and a beta of 1.46. Macy’s, Inc. has a 1 year low of $11.77 and a 1 year high of $26.10. The stock’s 50 day simple moving average is $22.51 and its two-hundred day simple moving average is $20.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the prior year, the company earned $0.16 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. 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, equities analysts anticipate that Macy’s, Inc. will post 2.19 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.1915 per share. The ex-dividend date was Monday, June 15th. This represents a $0.77 annualized dividend and a yield of 3.2%. Macy’s’s dividend payout ratio (DPR) is 31.82%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup lifted their price target on shares of Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. TD Cowen raised their price objective on shares of Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, June 22nd. Telsey Advisory Group lifted their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Macy’s in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.70.

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.