Macy's, Inc. $M Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Macy's, Inc. by 269.2%, now owning approximately 5.23 million shares valued at $65.68 million.
• Macy's reported earnings per share of $0.41 for the most recent quarter, exceeding analyst expectations, although its quarterly revenue declined by 2.5% year-over-year.
• The company announced a quarterly dividend of $0.1824 per share, translating to an annualized yield of 4.2%, payable on October 1st.

AQR Capital Management LLC grew its holdings in Macy's, Inc. (NYSE:M - Free Report) by 269.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,229,543 shares of the company's stock after buying an additional 3,813,210 shares during the quarter. AQR Capital Management LLC owned about 1.88% of Macy's worth $65,683,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP boosted its stake in shares of Macy's by 0.9% during the 4th quarter. Quantinno Capital Management LP now owns 102,538 shares of the company's stock worth $1,736,000 after purchasing an additional 872 shares during the last quarter. ProShare Advisors LLC increased its stake in Macy's by 7.7% in the fourth quarter. ProShare Advisors LLC now owns 12,978 shares of the company's stock valued at $220,000 after purchasing an additional 924 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Macy's by 0.5% in the first quarter. Crossmark Global Holdings Inc. now owns 205,492 shares of the company's stock valued at $2,581,000 after purchasing an additional 959 shares during the last quarter. Factorial Partners LLC increased its stake in Macy's by 0.9% in the first quarter. Factorial Partners LLC now owns 111,000 shares of the company's stock valued at $1,394,000 after purchasing an additional 1,000 shares during the last quarter. Finally, US Bancorp DE increased its stake in Macy's by 6.7% in the first quarter. US Bancorp DE now owns 19,624 shares of the company's stock valued at $246,000 after purchasing an additional 1,227 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy's Trading Down 1.4%

NYSE M traded down $0.24 during mid-day trading on Monday, hitting $17.10. The company's stock had a trading volume of 11,662,927 shares, compared to its average volume of 10,313,771. Macy's, Inc. has a 52-week low of $9.76 and a 52-week high of $18.13. The stock's fifty day simple moving average is $13.06 and its two-hundred day simple moving average is $12.47. 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 capitalization of $4.64 billion, a P/E ratio of 9.77 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.22. Macy's had a return on equity of 15.39% and a net margin of 2.18%.The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The company'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. Research analysts expect that Macy's, Inc. will post 2.39 EPS for the current year.

Macy's Dividend Announcement

The business 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. The ex-dividend date is Monday, September 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.3%. Macy's's dividend payout ratio (DPR) is 41.71%.

Analyst Upgrades and Downgrades

M has been the subject of several analyst reports. UBS Group upped their target price on Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Barclays upped their target price on Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Thursday. Citigroup upped their target price on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $17.00 target price (up from $14.00) on shares of Macy's in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $14.85.

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.