Douglas Lane & Associates LLC Cuts Position in Macy's, Inc. $M

Key Points

• Douglas Lane & Associates LLC has reduced its stake in Macy's, Inc. by 14.2%, holding approximately 1.46 million shares valued at $17 million after selling 241,008 shares.
• Macy's reported a net margin of 2.18% and earnings of $0.41 EPS for the quarter, exceeding expectations but reflecting a 2.5% revenue decline year-over-year.
• The company announced a quarterly dividend of $0.1824 per share, with a dividend yield of 4.3% and a payout ratio of 41.71%.

Douglas Lane & Associates LLC lessened its stake in Macy's, Inc. (NYSE:M - Free Report) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,461,514 shares of the company's stock after selling 241,008 shares during the period. Douglas Lane & Associates LLC owned about 0.54% of Macy's worth $17,041,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Voya Investment Management LLC boosted its position in Macy's by 17.8% during the 1st quarter. Voya Investment Management LLC now owns 363,841 shares of the company's stock valued at $4,570,000 after acquiring an additional 54,880 shares in the last quarter. Belpointe Asset Management LLC raised its position in Macy's by 43.8% in the 1st quarter. Belpointe Asset Management LLC now owns 31,961 shares of the company's stock worth $401,000 after purchasing an additional 9,731 shares during the period. Focus Partners Wealth increased its holdings in Macy's by 33.1% during the first quarter. Focus Partners Wealth now owns 58,197 shares of the company's stock valued at $731,000 after buying an additional 14,489 shares during the period. Bayforest Capital Ltd acquired a new stake in Macy's in the first quarter valued at approximately $720,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Macy's by 5.3% during 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 buying an additional 55,821 shares during the period. 87.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Citigroup lifted their price target on shares of Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. The Goldman Sachs Group increased their target price on shares of Macy's from $13.00 to $14.50 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Morgan Stanley increased their target price on shares of Macy's from $12.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, UBS Group increased their price target on shares of Macy's from $6.00 to $6.50 and gave the stock a "sell" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.25.

Macy's Stock Performance

M stock traded down $0.16 during trading hours on Friday, hitting $17.45. 3,160,991 shares of the stock were exchanged, compared to its average volume of 7,702,235. 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 $18.13. The firm has a market capitalization of $4.68 billion, a P/E ratio of 9.98 and a beta of 1.78. The company has a 50-day simple moving average of $13.84 and a two-hundred day simple moving average of $12.66.

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, topping analysts' consensus estimates of $0.19 by $0.22. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. Macy's had a return on equity of 15.39% and a net margin of 2.18%.The firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, analysts forecast that Macy's, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, September 15th. Macy's's payout ratio is presently 41.71%.

Insider Buying and Selling at Macy's

In other news, SVP Paul Griscom sold 12,843 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the sale, the senior vice president owned 23,379 shares of the company's stock, valued at $403,521.54. This trade represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of Macy'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 transaction of $1,730,000.00. Following the sale, the executive vice president 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 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. Company insiders own 1.09% of the company's stock.

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.