California State Teachers Retirement System Has $5.46 Million Stock Position in Macy's, Inc. $M

Key Points

• California State Teachers Retirement System increased its Macy’s stake by 18.1% in the first quarter, owning 302,035 shares valued at approximately $5.46 million. Institutional investors and hedge funds collectively own 87.36% of the stock.
• Macy’s reported quarterly earnings of $0.13 per share, beating the $0.02 consensus estimate, while revenue reached $4.89 billion and rose 1.8% year over year. The company provided fiscal 2026 EPS guidance of $2.00 to $2.20.
• The stock opened at $25.12 and pays a quarterly dividend of $0.1915 per share, representing a 3.0% annual yield. Analysts maintain a consensus “Hold” rating with an average price target of $21.70, while recent insider sales reduced executives’ holdings.

California State Teachers Retirement System boosted its stake in Macy's, Inc. (NYSE:M - Free Report) by 18.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 302,035 shares of the company's stock after buying an additional 46,343 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Macy's worth $5,464,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Macy's by 38.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company's stock worth $2,047,000 after acquiring an additional 45,149 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Macy's by 5.3% during the 1st 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 purchasing an additional 55,821 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Macy's by 33.1% in the first quarter. Focus Partners Wealth now owns 58,197 shares of the company's stock valued at $731,000 after acquiring an additional 14,489 shares during the last quarter. Cetera Investment Advisers lifted its position in Macy's by 49.6% during the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company's stock worth $283,000 after buying an additional 8,053 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Macy's by 160.5% during the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company's stock worth $49,941,000 after buying an additional 2,639,132 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Paul Griscom sold 10,077 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the sale, the senior vice president owned 25,373 shares in the company, valued at $650,309.99. This trade represents a 28.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the firm's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president directly owned 20,000 shares of the company's stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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. The company's 50 day moving average price is $23.87 and its two-hundred day moving average price is $21.13. The firm has a market capitalization of $6.61 billion, a P/E ratio of 10.38 and a beta of 1.47. Macy's, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $26.58. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44.

Macy's (NYSE:M - Get Free Report) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. Macy's had a net margin of 2.94% and a return on equity of 13.68%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. 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. On average, equities analysts forecast that Macy's, Inc. will post 2.19 earnings per share for the current fiscal year.

Macy's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a dividend of $0.1915 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. Macy's's payout ratio is presently 31.82%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on M. Morgan Stanley restated an "overweight" rating and issued a $30.00 price target on shares of Macy's in a report on Monday, July 6th. UBS Group reissued a "sell" rating on shares of Macy's in a report on Thursday, June 4th. Wall Street Zen cut shares of Macy's from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 2nd. Citigroup lifted their price objective on Macy's from $18.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. upped their target price on Macy's from $21.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $21.70.

Macy's Company Profile

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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