Macy’s, Inc. $M Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Macy’s, Inc. (NYSE:M) by 81.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,763,721 shares of the company’s stock after buying an additional 2,594,549 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Macy’s were worth $104,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Lido Advisors LLC acquired a new position in Macy’s during the first quarter worth $232,000. State of Wyoming acquired a new stake in Macy’s in the first quarter valued at $384,000. Cetera Investment Advisers increased its position in shares of Macy’s by 32.2% in the first quarter. Cetera Investment Advisers now owns 67,577 shares of the company’s stock valued at $1,222,000 after buying an additional 16,469 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Macy’s by 4.5% in the first quarter. PNC Financial Services Group Inc. now owns 27,733 shares of the company’s stock valued at $502,000 after buying an additional 1,192 shares in the last quarter. Finally, Convergence Investment Partners LLC raised its stake in shares of Macy’s by 174.3% during the 1st quarter. Convergence Investment Partners LLC now owns 115,882 shares of the company’s stock worth $2,096,000 after buying an additional 73,638 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Macy’s

In related news, EVP Thomas Jr. Edwards sold 16,419 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the sale, 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 transaction was disclosed in a document filed 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, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president directly 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 SEC filing for this sale provides additional information. 1.05% of the stock is currently owned by insiders.

Macy’s Stock Down 0.0%

Shares of NYSE M opened at $23.33 on Friday. The firm has a market cap of $6.14 billion, a P/E ratio of 9.64 and a beta of 1.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. Macy’s, Inc. has a 1 year low of $11.77 and a 1 year high of $26.10. The firm’s 50 day moving average price is $23.02 and its 200 day moving average price is $20.96.

Macy’s (NYSE:M) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate 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 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, sell-side analysts anticipate that Macy’s, Inc. will post 2.19 earnings per share for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a dividend of $0.1915 per share. The ex-dividend date was Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.3%. Macy’s’s payout ratio is presently 31.82%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Telsey Advisory Group increased their price target on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Evercore set a $22.00 target price on Macy’s in a report on Thursday, June 4th. Citigroup raised their price target on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Finally, UBS Group restated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.70.

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.