115,959 Shares in Macy's, Inc. $M Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 115,959 Macy’s shares worth approximately $2.7 million in the second quarter. Institutional investors collectively own 87.36% of the company, with Invesco increasing its stake by 160.5%.
• Macy’s reported second-quarter adjusted EPS of $0.63 and revenue of $5.06 billion, beating analyst expectations, and raised its fiscal 2026 outlook to $2.15–$2.35 in adjusted EPS and approximately $21.7–$21.8 billion in revenue.
• Analysts maintain a consensus “Hold” rating with a $22.78 price target. The company declared a quarterly dividend of $0.1915, equivalent to a 3.7% annualized yield, though weaker-than-expected third-quarter loss guidance remains a near-term concern.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Macy's, Inc. (NYSE:M - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 115,959 shares of the company's stock, valued at approximately $2,731,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Macy's by 38.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company's stock worth $2,047,000 after acquiring an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Macy's by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company's stock valued at $14,019,000 after acquiring an additional 55,821 shares during the last quarter. Focus Partners Wealth lifted its stake in Macy's by 33.1% in the 1st quarter. Focus Partners Wealth now owns 58,197 shares of the company's stock worth $731,000 after purchasing an additional 14,489 shares in the last quarter. Cetera Investment Advisers lifted its stake in Macy's by 49.6% in the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company's stock worth $283,000 after purchasing an additional 8,053 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Macy's by 160.5% during the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company's stock valued at $49,941,000 after purchasing an additional 2,639,132 shares during the last quarter. Institutional investors own 87.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. TD Cowen raised their price objective on Macy's from $20.00 to $25.00 and gave the company a "hold" rating in a research report on Monday, June 22nd. Citigroup boosted their target price on Macy's from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 25th. Weiss Ratings raised Macy's from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. UBS Group raised their price target on Macy's from $9.00 to $10.00 and gave the company a "sell" rating in a report on Wednesday, August 26th. Finally, Telsey Advisory Group upped their price objective on Macy's from $20.00 to $23.00 and gave the stock a "market perform" rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Macy's presently has a consensus rating of "Hold" and a consensus price target of $22.78.

Insider Buying and Selling

In other 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 value of $258,273.51. Following the completion of the transaction, the senior vice president owned 25,373 shares in the company, valued at approximately $650,309.99. The trade was a 28.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Edwards, Jr. sold 16,419 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the transaction, the executive vice president directly owned 20,000 shares in the company, valued at approximately $497,800. This represents a 45.08% decrease in their position. 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. 1.05% of the stock is currently owned by insiders.

Macy's News Roundup

Here are the key news stories impacting Macy's this week:

• Positive Sentiment: Macy’s raised its fiscal 2026 outlook, projecting adjusted EPS of $2.15–$2.35 and revenue of approximately $21.7–$21.8 billion, above Wall Street’s estimates. Comparable sales also improved, suggesting the turnaround is gaining traction. Macy's posts strong results, raises guidance as turnaround begins to take hold
• Positive Sentiment: Second-quarter earnings and revenue exceeded consensus expectations, with revenue increasing about 1.1% year over year. Growth was supported by premium merchandise and stronger spending from middle- and high-income customers across Macy’s brands. Macy's Raises Outlook as Premium Goods Drive Sales Growth
• Positive Sentiment: Income-oriented investors may view the roughly 3.5% dividend yield as attractive, particularly if improving sales and profitability continue to support cash generation. Tariff refunds also provided a benefit to the full-year profit outlook. Should Income Investors Buy the Dip in Macy's Stock After Q2 Earnings?
• Negative Sentiment: Third-quarter EPS guidance of a $0.19–$0.23 loss was weaker than the roughly $0.12 loss analysts expected, while revenue guidance was broadly in line. The cautious near-term outlook overshadowed the quarterly beat and contributed to the selloff. Why a beat and raise isn't driving Macy's stock higher?

Macy's Stock Performance

Macy's stock opened at $20.50 on Friday. The company's 50-day moving average price is $23.49 and its 200-day moving average price is $21.42. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.39 billion, a PE ratio of 8.47 and a beta of 1.41. Macy's, Inc. has a twelve month low of $16.41 and a twelve month high of $26.58.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.26. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. Macy's had a net margin of 2.94% and a return on equity of 13.68%. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. Macy's has set its Q3 2026 guidance at -0.230--0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. On average, equities research analysts forecast that Macy's, Inc. will post 2.22 EPS for the current fiscal year.

Macy's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Macy's's dividend payout ratio (DPR) is presently 31.82%.

Macy's Profile

Macy's, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy's, Bloomingdale's and Bluemercury. Macy's serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale's offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.

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