Empowered Funds LLC Has $7.73 Million Stock Holdings in Macy's, Inc. $M

Key Points

• Empowered Funds LLC significantly increased its stake in Macy's by 1,037.3% during the first quarter, now owning over 615,000 shares valued at approximately $7.73 million.
• Several analysts have raised their price targets on Macy's, with ranges from $6.50 to $17.00, suggesting a cautious optimism about the company's performance.
• Macy's recently declared a quarterly dividend of $0.1824 per share, set to be paid on October 1st, representing an annualized yield of 4.3%.

Empowered Funds LLC lifted its position in shares of Macy's, Inc. (NYSE:M - Free Report) by 1,037.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 615,464 shares of the company's stock after acquiring an additional 561,347 shares during the period. Empowered Funds LLC owned approximately 0.22% of Macy's worth $7,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in M. Clearline Capital LP lifted its stake in Macy's by 45.6% during the first quarter. Clearline Capital LP now owns 368,423 shares of the company's stock worth $4,627,000 after purchasing an additional 115,354 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Macy's during the 1st quarter worth $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Macy's by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company's stock valued at $2,047,000 after buying an additional 45,149 shares in the last quarter. Invenomic Capital Management LP grew its position in Macy's by 91.6% in the first quarter. Invenomic Capital Management LP now owns 1,724,214 shares of the company's stock valued at $21,656,000 after acquiring an additional 824,174 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Macy's by 269.2% during the first quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company's stock worth $65,683,000 after acquiring an additional 3,813,210 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on M shares. Jefferies Financial Group raised their price target on shares of Macy's from $14.50 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. UBS Group raised their target price on shares of Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research report on Thursday, September 4th. Telsey Advisory Group reiterated a "market perform" rating and set a $17.00 price target (up from $14.00) on shares of Macy's in a report on Wednesday, September 3rd. Barclays raised their price objective on Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. upped their target price on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Macy's currently has a consensus rating of "Hold" and an average price target of $14.85.

Macy's Trading Down 2.9%

NYSE:M traded down $0.50 during trading hours on Friday, hitting $16.96. 11,823,715 shares of the company were exchanged, compared to its average volume of 11,044,441. The company has a fifty day simple moving average of $13.44 and a 200 day simple moving average of $12.56. Macy's, Inc. has a one year low of $9.76 and a one year high of $18.13. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 9.69 and a beta of 1.78. 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 (NYSE:M - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.22. The company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.69 billion. Macy's had a return on equity of 15.39% and a net margin of 2.18%.The business's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 expect that Macy's, Inc. will post 2.39 EPS for the current fiscal year.

Macy's Announces Dividend

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

Insiders Place Their Bets

In other Macy's news, SVP Paul Griscom sold 12,843 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the sale, the senior vice president directly owned 23,379 shares in the company, valued at approximately $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 accessible through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $17.30, for a total value 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 $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.