Empowered Funds LLC Grows 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 increased its position in shares of Macy's, Inc. (NYSE:M - Free Report) by 1,037.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 615,464 shares of the company's stock after purchasing 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 SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC raised its holdings in Macy's by 106.0% during the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company's stock worth $28,000 after purchasing an additional 38,800 shares in the last quarter. Headlands Technologies LLC purchased a new position in Macy's during the first quarter worth about $29,000. Quarry LP acquired a new position in Macy's during the first quarter worth about $105,000. Raiffeisen Bank International AG acquired a new position in Macy's during the fourth quarter worth about $111,000. Finally, Versant Capital Management Inc grew its position in Macy's by 343.4% during the first 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 period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Danielle L. Kirgan sold 100,000 shares of the firm's stock in a transaction on 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 transaction, the executive vice president owned 286,161 shares of the company's stock, valued at approximately $4,950,585.30. This trade represents a 25.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Paul Griscom sold 12,843 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the transaction, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. This represents a 35.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup upped 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. Jefferies Financial Group upped their target price on shares of Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Telsey Advisory Group restated a "market perform" rating and set a $17.00 target price (up from $14.00) on shares of Macy's in a research report on Wednesday, September 3rd. Barclays upped their target price on shares of Macy's from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group upped 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.85.

Macy's Trading Down 0.5%

NYSE:M traded down $0.08 during trading hours on Tuesday, reaching $17.36. 2,835,947 shares of the company were exchanged, compared to its average volume of 7,703,408. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 9.92 and a beta of 1.78. Macy's, Inc. has a 52-week low of $9.76 and a 52-week high of $18.13. The stock has a 50 day simple moving average of $13.54 and a 200 day simple moving average of $12.57.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm posted $0.53 EPS. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. 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, analysts predict that Macy's, Inc. will post 2.39 EPS for the current year.

Macy's Announces Dividend

The firm also recently announced 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 4.2%. The ex-dividend date of this dividend is Monday, September 15th. Macy's's dividend payout ratio (DPR) is currently 41.71%.

Macy's 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.