237,658 Macy's, Inc. $M Shares Bought by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management sharply increased its Macy’s stake, adding 237,658 shares—a 3,303.6% increase—to hold 244,852 shares valued at about $5.7 million. Hedge funds and other institutions own 87.36% of the stock.
• Analyst sentiment is mixed but overall neutral: Macy’s has a consensus “Hold” rating and an average price target of $22.78, with three Buy, eight Hold, and two Sell ratings.
• Macy’s reported quarterly earnings of $0.63 per share, beating the $0.37 consensus, and revenue of $5.06 billion, also above expectations. It declared a quarterly dividend of $0.1915 per share, equivalent to an annualized yield of about 3.3%.

Fulcrum Asset Management LLP increased its position in Macy's, Inc. (NYSE:M - Free Report) by 3,303.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 244,852 shares of the company's stock after acquiring an additional 237,658 shares during the period. Fulcrum Asset Management LLP owned about 0.09% of Macy's worth $5,698,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Macy's during the 3rd quarter valued at $36,000. V Square Quantitative Management LLC increased its holdings in shares of Macy's by 48.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company's stock worth $44,000 after purchasing an additional 632 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Macy's by 37.0% in the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company's stock worth $53,000 after purchasing an additional 613 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Macy's by 333.3% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the company's stock worth $61,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Macy's in the second quarter worth $69,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on M shares. Weiss Ratings raised Macy's from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. UBS Group reaffirmed a "sell" rating on shares of Macy's in a research report on Thursday, September 17th. Citigroup lifted their price objective on Macy's from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, August 25th. Zacks Research lowered Macy's from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 11th. Finally, BTIG Research reissued a "neutral" rating on shares of Macy's in a research report on Friday, September 11th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $22.78.

Macy's Trading Up 0.3%

Shares of M stock opened at $23.14 on Monday. Macy's, Inc. has a 12-month low of $16.69 and a 12-month high of $26.58. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm's 50 day moving average is $22.94 and its 200 day moving average is $21.75. The stock has a market capitalization of $6.05 billion, a P/E ratio of 8.48 and a beta of 1.39.

Macy's (NYSE:M - Get Free Report) last posted its earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.26. The business 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 3.29% and a return on equity of 13.21%. The firm's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Research analysts expect that Macy's, Inc. will post 2.32 earnings per share for the current year.

Macy's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be given a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, December 15th. Macy's's dividend payout ratio is 28.21%.

Macy's Profile

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