Macy's, Inc. $M Shares Acquired by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its Macy’s stake by 149.3% in the first quarter, bringing its holdings to 175,506 shares valued at approximately $3.18 million. Institutional investors collectively own 87.36% of the company.
• Macy’s reported quarterly EPS of $0.13, beating the $0.02 consensus estimate, while revenue rose 1.8% year over year to $4.89 billion. The company guided for fiscal 2026 EPS of $2.00–$2.20.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $21.70 target price, below the stock’s reported $23.43 opening price. Two Macy’s executives also sold shares to cover tax obligations tied to vested equity awards.

Royal Bank of Canada lifted its position in shares of Macy's, Inc. (NYSE:M - Free Report) by 149.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 175,506 shares of the company's stock after purchasing an additional 105,117 shares during the quarter. Royal Bank of Canada owned about 0.07% of Macy's worth $3,175,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Macy's in the fourth quarter worth $85,020,000. Marshall Wace LLP acquired a new position in shares of Macy's during the 4th quarter valued at $69,562,000. SG Americas Securities LLC boosted its position in Macy's by 1,344.4% during the 1st quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company's stock worth $55,344,000 after purchasing an additional 2,847,561 shares during the period. Goldman Sachs Group Inc. boosted its position in Macy's by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company's stock worth $150,448,000 after purchasing an additional 2,750,115 shares during the period. Finally, Invesco Ltd. increased its holdings in Macy's by 160.5% in the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company's stock valued at $49,941,000 after purchasing an additional 2,639,132 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.

Insider Buying and Selling

In other news, EVP Thomas Jr. Edwards sold 16,419 shares of the 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 in the company, valued at approximately $497,800. This represents a 45.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares of the company's stock, valued at approximately $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.05% of the stock is owned by company insiders.

Macy's Stock Performance

NYSE:M opened at $23.43 on Friday. The firm has a 50-day moving average of $24.14 and a two-hundred day moving average of $21.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The stock has a market cap of $6.16 billion, a P/E ratio of 9.68 and a beta of 1.47. Macy's, Inc. has a 1-year low of $12.65 and a 1-year high of $26.58.

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

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group reissued a "sell" rating on shares of Macy's in a research report on Thursday, June 4th. Morgan Stanley reaffirmed an "overweight" rating and issued a $30.00 target price on shares of Macy's in a research report on Monday, July 6th. Wall Street Zen lowered Macy's from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 2nd. Telsey Advisory Group raised their target price on Macy's from $20.00 to $23.00 and gave the company a "market perform" rating in a report on Thursday, June 4th. Finally, Citigroup boosted their price target on Macy's from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $21.70.

Macy's 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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