Douglas Lane & Associates LLC Cuts Stock 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 lowered its position in Macy's, Inc. (NYSE:M - Free Report) by 14.2% during the second quarter, according to the company in its most recent filing with the Securities & 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 approximately 0.54% of Macy's worth $17,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC grew its position in shares of Macy's by 106.0% in the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company's stock worth $28,000 after buying an additional 38,800 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Macy's in the 1st quarter worth approximately $29,000. Quarry LP purchased a new position in shares of Macy's in the 1st quarter worth approximately $105,000. Raiffeisen Bank International AG purchased a new position in shares of Macy's in the 4th quarter worth approximately $111,000. Finally, Versant Capital Management Inc grew its position in shares of Macy's by 343.4% in the 1st quarter. Versant Capital Management Inc now owns 9,449 shares of the company's stock worth $119,000 after buying an additional 7,318 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.

Macy's Stock Down 2.9%

M stock opened at $16.96 on Friday. The firm's fifty day simple moving average is $13.44 and its 200-day simple moving average is $12.56. The company has a market capitalization of $4.55 billion, a P/E ratio of 9.69 and a beta of 1.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. Macy's, Inc. has a 12 month low of $9.76 and a 12 month high of $18.13.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.19 by $0.22. Macy's had a net margin of 2.18% and a return on equity of 15.39%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the prior year, the firm earned $0.53 EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, equities research analysts forecast that Macy's, Inc. will post 2.39 earnings per share for the current 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 4.3%. The ex-dividend date is Monday, September 15th. Macy's's payout ratio is currently 41.71%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. UBS Group boosted their target price 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. Citigroup boosted their target price on shares of Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Telsey Advisory Group reissued a "market perform" rating and set a $17.00 target price (up previously from $14.00) on shares of Macy's in a research report on Wednesday, September 3rd. The Goldman Sachs Group boosted their target price on shares of Macy's from $13.00 to $14.50 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.85.

Insider Buying and Selling at Macy's

In other Macy's news, EVP Danielle L. Kirgan sold 100,000 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 286,161 shares in the company, valued at approximately $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul Griscom sold 12,843 shares of the company's stock in a transaction on 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 $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.09% of the company's stock.

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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