Bayforest Capital Ltd Makes New Investment in Macy's, Inc. $M

Key Points

• Bayforest Capital Ltd has made a new investment in Macy's, acquiring 57,345 shares valued at approximately $720,000 in the 1st quarter.
• Wall Street analysts have revised their price targets for Macy's, with Goldman Sachs setting it at $14.50 and Jefferies Financial Group increasing it to $18.50, indicating a mixed outlook for the stock.
• Macy's recently declared a quarterly dividend of $0.1824 per share, reflecting an annualized yield of 4.3% and a payout ratio of 41.71%.

Bayforest Capital Ltd bought a new position in shares of Macy's, Inc. (NYSE:M - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 57,345 shares of the company's stock, valued at approximately $720,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of M. RWC Asset Management LLP acquired a new stake in shares of Macy's in the 1st quarter valued at about $80,868,000. AQR Capital Management LLC raised its stake in shares of Macy's by 269.2% in the 1st quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company's stock valued at $65,683,000 after purchasing an additional 3,813,210 shares during the period. Trexquant Investment LP acquired a new stake in shares of Macy's in the 1st quarter valued at about $22,059,000. American Century Companies Inc. raised its stake in shares of Macy's by 21.9% in the 1st 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 raised its stake in shares of Macy's by 91.6% in the 1st quarter. Invenomic Capital Management LP now owns 1,724,214 shares of the company's stock valued at $21,656,000 after purchasing an additional 824,174 shares during the period. Institutional investors and hedge funds own 87.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on M. The Goldman Sachs Group lifted their price target on Macy's from $13.00 to $14.50 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Jefferies Financial Group lifted their price target on Macy's from $14.50 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Barclays lifted their price target on Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Thursday, September 4th. UBS Group lifted their target price on Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research report on Thursday. Finally, Citigroup lifted their target price on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $14.85.

Macy's Trading Down 1.4%

Shares of NYSE:M opened at $17.10 on Tuesday. The company has a 50-day simple moving average of $13.06 and a 200 day simple moving average of $12.47. The company has a market capitalization of $4.64 billion, a P/E ratio of 9.77 and a beta of 1.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. Macy's, Inc. has a 52-week low of $9.76 and a 52-week high of $18.13.

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

Macy's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, September 15th. Macy's's payout ratio is 41.71%.

About Macy's

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.