17,890 Shares in Macy's, Inc. $M Acquired by BCS Wealth Management

Key Points

• BCS Wealth Management acquired 17,890 shares of Macy's, Inc., valued at approximately $209,000, during the second quarter.
• Macy's stock has seen analysts raise price targets, with Barclays setting theirs at $15.00, and Citigroup and Morgan Stanley at $16.00, indicating positive growth expectations.
• Insider trading activity shows notable sell-offs, with EVP Danielle L. Kirgan selling 100,000 shares for approximately $1.78 million, representing a significant decrease in her total holdings.

BCS Wealth Management bought a new position in shares of Macy's, Inc. (NYSE:M - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,890 shares of the company's stock, valued at approximately $209,000.

A number of other hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp boosted its holdings in shares of Macy's by 28.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company's stock valued at $57,000 after purchasing an additional 1,087 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Macy's by 116.2% in the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company's stock valued at $88,000 after purchasing an additional 4,080 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Macy's by 523.0% in the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company's stock valued at $37,000 after purchasing an additional 2,662 shares during the last quarter. Range Financial Group LLC boosted its holdings in shares of Macy's by 17.1% in the 2nd quarter. Range Financial Group LLC now owns 19,742 shares of the company's stock valued at $230,000 after purchasing an additional 2,882 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Macy's by 147.8% in the 2nd quarter. Parallel Advisors LLC now owns 8,332 shares of the company's stock valued at $97,000 after purchasing an additional 4,970 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Wall Street Analysts Forecast Growth

M has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a report on Thursday, September 4th. Citigroup lifted their price target on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, September 4th. Morgan Stanley lifted their price target on shares of Macy's from $12.00 to $16.00 and gave the company an "equal weight" rating in a report on Thursday, September 18th. The Goldman Sachs Group raised their target price on shares of Macy's from $13.00 to $14.50 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, Zacks Research raised shares of Macy's from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Macy's currently has a consensus rating of "Hold" and an average target price of $15.25.

Insider Buying and Selling at Macy's

In related news, EVP Danielle L. Kirgan sold 100,000 shares of Macy's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the sale, the executive vice president owned 136,161 shares of the company's stock, valued at $2,416,857.75. The trade was a 42.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Paul Griscom sold 12,843 shares of Macy's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the sale, the senior vice president directly owned 23,379 shares in the company, valued at $403,521.54. This trade represents a 35.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 212,843 shares of company stock worth $3,726,670 in the last ninety days. 1.09% of the stock is currently owned by insiders.

Macy's Stock Performance

Shares of M stock opened at $17.37 on Thursday. The company's fifty day simple moving average is $14.23 and its 200-day simple moving average is $12.76. Macy's, Inc. has a 52 week low of $9.76 and a 52 week high of $18.13. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. The company has a market cap of $4.66 billion, a PE ratio of 9.93 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.22. Macy's had a net margin of 2.18% and a return on equity of 15.39%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm's quarterly revenue was down 2.5% on a year-over-year basis. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, equities research analysts anticipate that Macy's, Inc. will post 2.39 EPS for the current year.

Macy's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.1824 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.73 annualized dividend and a yield of 4.2%. Macy's's payout ratio is 41.71%.

Macy's Company Profile

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.

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