Macy's, Inc. $M Shares Newly Purchased by Monument Capital Management

Key Points

• Monument Capital Management purchased 106,897 Macy’s shares worth approximately $2.43 million during the third quarter. Institutional investors and hedge funds collectively own 87.36% of the company.
• Analyst sentiment remains mixed, with Macy’s holding an overall “Hold” rating and an average price target of $22.78. Two analysts rate the stock Buy, nine Hold, and two Sell.
• Macy’s recently exceeded quarterly expectations, reporting $0.63 in EPS versus the $0.37 consensus estimate and $5.06 billion in revenue. The company also pays a quarterly dividend of $0.1915 per share, representing a 3.4% annualized yield.

Monument Capital Management purchased a new stake in Macy's, Inc. (NYSE:M - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 106,897 shares of the company's stock, valued at approximately $2,434,000.

Several other large investors have also modified their holdings of M. Dimensional Fund Advisors LP lifted its stake in Macy's by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company's stock valued at $298,035,000 after buying an additional 329,675 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Macy's by 81.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company's stock worth $104,266,000 after acquiring an additional 2,594,549 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Macy's in the second quarter worth $67,450,000. SG Americas Securities LLC lifted its position in shares of Macy's by 1,344.4% in the first quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company's stock valued at $55,344,000 after acquiring an additional 2,847,561 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Macy's by 40.7% in the first quarter. Pacer Advisors Inc. now owns 1,881,348 shares of the company's stock valued at $34,034,000 after acquiring an additional 543,867 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on M shares. Wall Street Zen upgraded shares of Macy's from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. TD Cowen reissued a "hold" rating on shares of Macy's in a research report on Monday, September 14th. BTIG Research reissued a "neutral" rating on shares of Macy's in a research note on Friday, September 11th. UBS Group restated a "sell" rating on shares of Macy's in a research report on Thursday, September 17th. Finally, Weiss Ratings cut shares of Macy's from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, September 10th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Macy's has an average rating of "Hold" and an average target price of $22.78.

Macy's Stock Down 0.0%

Shares of NYSE:M opened at $22.79 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 8.35 and a beta of 1.44. The stock's 50-day moving average price is $23.02 and its two-hundred day moving average price is $21.97. Macy's, Inc. has a 12-month low of $16.41 and a 12-month high of $26.58.

Macy's (NYSE:M - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.26. Macy's had a net margin of 3.29% and a return on equity of 13.21%. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. Macy's has set its Q3 2026 guidance at -0.230--0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. On average, research analysts forecast that Macy's, Inc. will post 2.34 EPS for the current year.

Macy's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.1915 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.4%. Macy's's dividend payout ratio (DPR) is currently 28.21%.

Macy's Profile

Macy's, Inc NYSE: M is an American omnichannel retailer that sells apparel, accessories, beauty products, home furnishings, jewelry, and other consumer merchandise through department stores, specialty stores, and digital platforms. Its principal brands include Macy's, Bloomingdale's, and Bluemercury, a beauty retailer offering cosmetics, skincare, fragrance, and related services.

The company serves customers primarily in the United States through its stores and e-commerce operations. Macy's offers a mix of national and private-brand merchandise, while Bloomingdale's focuses on premium and luxury products and Bluemercury operates beauty stores and in-store beauty shops.

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