312,138 Shares in Macy's, Inc. $M Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. acquired 312,138 shares of Macy's, Inc., valued at approximately $3.64 million, representing a 0.11% ownership stake.
• Macy's received multiple rating upgrades from brokerages, with Zacks raising its rating to strong-buy and price targets set as high as $16.50 from Goldman Sachs.
• The company recently reported Q2 earnings of $0.41 EPS, surpassing estimates, despite a revenue decline of 2.5% year-over-year, and announced a quarterly dividend of $0.1824.

Robeco Institutional Asset Management B.V. bought a new position in shares of Macy's, Inc. (NYSE:M - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 312,138 shares of the company's stock, valued at approximately $3,640,000. Robeco Institutional Asset Management B.V. owned 0.11% of Macy's as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC boosted its holdings in shares of Macy's by 106.0% during the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company's stock worth $28,000 after buying an additional 38,800 shares during the period. Headlands Technologies LLC bought a new stake in shares of Macy's during the 1st quarter worth about $29,000. UMB Bank n.a. boosted its holdings in shares of Macy's by 523.0% during the 2nd quarter. UMB Bank n.a. now owns 3,171 shares of the company's stock worth $37,000 after buying an additional 2,662 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Macy's by 28.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company's stock worth $57,000 after buying an additional 1,087 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Macy's by 116.2% during the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company's stock worth $88,000 after buying an additional 4,080 shares during the period. Institutional investors own 87.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on M. Zacks Research raised shares of Macy's from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. JPMorgan Chase & Co. lifted their price objective on shares of Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. The Goldman Sachs Group lifted their price objective on shares of Macy's from $14.50 to $16.50 and gave the stock a "neutral" rating in a research note on Monday. Barclays lifted their price objective on shares of Macy's from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 4th. Finally, UBS Group lifted their price objective on shares of Macy's from $6.00 to $6.50 and gave the stock a "sell" rating in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.45.

Insider Activity at Macy's

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the completion of the transaction, the executive vice president directly owned 286,161 shares in the company, valued at approximately $4,950,585.30. The trade was a 25.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Griscom sold 12,843 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president owned 23,379 shares of the company's stock, valued at approximately $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 212,843 shares of company stock valued at $3,726,670 over the last 90 days. Corporate insiders own 2.77% of the company's stock.

Macy's Price Performance

Shares of NYSE:M opened at $18.30 on Tuesday. The firm has a 50 day moving average of $15.08 and a 200-day moving average of $12.99. The stock has a market capitalization of $4.91 billion, a PE ratio of 10.46 and a beta of 1.78. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. Macy's, Inc. has a 12 month low of $9.76 and a 12 month high of $18.47.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.19 by $0.22. The company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.69 billion. Macy's had a net margin of 2.18% and a return on equity of 15.39%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. On average, equities research analysts predict that Macy's, Inc. will post 2.39 EPS for the current fiscal year.

Macy's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a $0.1824 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.73 annualized dividend and a dividend yield of 4.0%. Macy's's payout ratio is presently 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.

Want to see what other hedge funds are holding M? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macy's, Inc. (NYSE:M - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.