524,446 Shares in Macy's, Inc. $M Purchased by Dupree Financial Group LLC

Key Points

• Dupree Financial Group LLC acquired 524,446 shares of Macy's, Inc. for approximately $6.1 million, representing 2.4% of its total holdings, making it the 14th largest position in their portfolio.
• Several analysts have raised their target prices for Macy's stock, with Barclays setting it at $15.00 and Jefferies Financial Group increasing it to $18.50, reflecting a positive sentiment among market analysts.
• Macy's recently declared a quarterly dividend of $0.1824 per share, boosting its annualized dividend yield to 4.1% amidst a backdrop of mixed earnings reports and operational challenges.

Dupree Financial Group LLC bought a new stake in shares of Macy's, Inc. (NYSE:M - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 524,446 shares of the company's stock, valued at approximately $6,115,000. Macy's accounts for 2.4% of Dupree Financial Group LLC's holdings, making the stock its 14th largest holding. Dupree Financial Group LLC owned about 0.19% of Macy's at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of M. RWC Asset Management LLP purchased a new position in Macy's during the 1st quarter valued at $80,868,000. AQR Capital Management LLC lifted its position in shares of Macy's by 269.2% during the first quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company's stock worth $65,683,000 after purchasing an additional 3,813,210 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Macy's during the first quarter valued at $22,059,000. American Century Companies Inc. boosted its stake in shares of Macy's by 21.9% during the first quarter. American Century Companies Inc. now owns 8,699,534 shares of the company's stock valued at $109,266,000 after purchasing an additional 1,562,402 shares during the period. Finally, Invenomic Capital Management LP grew its holdings in shares of Macy's by 91.6% in the first quarter. Invenomic Capital Management LP now owns 1,724,214 shares of the company's stock worth $21,656,000 after purchasing an additional 824,174 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays upped their target price on Macy's from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Thursday, September 4th. Telsey Advisory Group restated a "market perform" rating and issued a $17.00 price objective (up from $14.00) on shares of Macy's in a report on Wednesday, September 3rd. Jefferies Financial Group increased their target price on shares of Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Macy's in a research report on Wednesday, October 8th. Finally, BTIG Research began coverage on shares of Macy's in a report on Tuesday, October 14th. They issued a "neutral" rating for the company. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $15.45.

Insider Activity

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the business's stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Griscom sold 12,843 shares of the company's stock in a transaction dated 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 trade represents a 35.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 212,843 shares of company stock worth $3,726,670. Company insiders own 2.77% of the company's stock.

Macy's Stock Performance

Shares of M stock opened at $17.98 on Tuesday. 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. The business's 50 day moving average is $16.13 and its two-hundred day moving average is $13.33. The company has a market capitalization of $4.83 billion, a P/E ratio of 10.27 and a beta of 1.78.

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

Macy's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, September 15th. Macy's's dividend payout ratio (DPR) 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.

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