Amundi Grows Position in Macy's, Inc. $M

Key Points

• Amundi increased its Macy’s stake by 375.7% in the first quarter, acquiring 181,684 additional shares for a total holding of 230,041 shares valued at approximately $4.16 million. Institutional investors collectively own 87.36% of the company.
• Macy’s reported quarterly revenue of $4.89 billion and adjusted earnings of $0.13 per share, beating analyst estimates, while revenue rose 1.8% year over year. The company provided fiscal 2026 EPS guidance of $2.00 to $2.20.
• The stock was trading near its one-year high at $25.12 and pays a quarterly dividend of $0.1915, or about a 3.0% annual yield. Despite some bullish analyst actions, the consensus rating remains “Hold,” with a $21.70 average price target.

Amundi boosted its stake in Macy's, Inc. (NYSE:M - Free Report) by 375.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 230,041 shares of the company's stock after purchasing an additional 181,684 shares during the quarter. Amundi owned about 0.09% of Macy's worth $4,161,000 as of its most recent SEC filing.

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

Insider Activity

In other news, EVP Thomas Jr. Edwards sold 16,419 shares of the business's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the sale, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. The trade was a 45.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the company's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares in the company, valued at approximately $650,309.99. This trade represents a 28.43% decrease in their position. The SEC filing for this sale provides additional information. 1.05% of the stock is currently owned by company insiders.

Macy's Stock Performance

Shares of Macy's stock opened at $25.12 on Friday. Macy's, Inc. has a one year low of $11.89 and a one year high of $26.58. The company has a 50-day simple moving average of $23.87 and a two-hundred day simple moving average of $21.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The company has a market capitalization of $6.61 billion, a PE ratio of 10.38 and a beta of 1.47.

Macy's (NYSE:M - Get Free Report) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Macy's had a net margin of 2.94% and a return on equity of 13.68%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period last year, the firm earned $0.16 earnings per share. Macy's's revenue was up 1.8% compared to the same quarter last year. Macy's has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Research analysts expect that Macy's, Inc. will post 2.19 EPS for the current fiscal year.

Macy's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a $0.1915 dividend. This represents a $0.77 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 15th. Macy's's dividend payout ratio (DPR) is currently 31.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore set a $22.00 price target on Macy's in a report on Thursday, June 4th. UBS Group restated a "sell" rating on shares of Macy's in a report on Thursday, June 4th. Citigroup lifted their target price on Macy's from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of Macy's from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Finally, TD Cowen boosted their price objective on shares of Macy's from $20.00 to $25.00 and gave the company a "hold" rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $21.70.

About Macy's

Macy's, Inc is a leading American omnichannel retailer operating under the Macy's brand, as well as specialty divisions Bloomingdale's and Bluemercury. The company's retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy's seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company's product assortment spans men's, women's and children's clothing, beauty and personal care products, housewares and home décor.

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