Macy's, Inc. $M Shares Sold by Amundi

Key Points

• Amundi cut its Macy’s stake by 81.7% in the second quarter, selling 187,944 shares and retaining 42,097 shares valued at approximately $991,000. Institutional investors and hedge funds collectively own 87.36% of the company.
• Macy’s reported quarterly earnings of $0.63 per share, beating the $0.37 consensus estimate, while revenue reached $5.06 billion and rose 1.1% year over year.
• The company declared a quarterly dividend of $0.1915 per share, equivalent to a 3.4% annualized yield. Analysts maintain a consensus “Hold” rating with a target price of $22.78.

Amundi reduced its holdings in shares of Macy's, Inc. (NYSE:M - Free Report) by 81.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,097 shares of the company's stock after selling 187,944 shares during the quarter. Amundi's holdings in Macy's were worth $991,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in M. Versant Capital Management Inc grew its position in shares of Macy's by 11.2% in the 2nd quarter. Versant Capital Management Inc now owns 4,783 shares of the company's stock valued at $113,000 after buying an additional 483 shares during the last quarter. GAMMA Investing LLC lifted its position in Macy's by 7.4% in the second quarter. GAMMA Investing LLC now owns 9,665 shares of the company's stock valued at $228,000 after acquiring an additional 664 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Macy's by 28.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,059 shares of the company's stock valued at $72,000 after acquiring an additional 671 shares during the last quarter. HB Wealth Management LLC boosted its stake in Macy's by 0.7% in the second quarter. HB Wealth Management LLC now owns 106,499 shares of the company's stock valued at $2,508,000 after acquiring an additional 756 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Macy's by 60.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,099 shares of the company's stock valued at $68,000 after acquiring an additional 1,170 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy's Trading Up 2.6%

Shares of M stock opened at $22.66 on Tuesday. The company has a market capitalization of $5.92 billion, a P/E ratio of 8.30 and a beta of 1.41. 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 business's 50 day moving average is $23.45 and its two-hundred day moving average is $21.44. Macy's, Inc. has a twelve month low of $16.41 and a twelve month high of $26.58.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings results on Thursday, September 10th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.37 by $0.26. The business had revenue of $5.06 billion during the quarter, compared to analysts' expectations of $4.81 billion. Macy's had a return on equity of 13.21% and a net margin of 3.29%.The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. 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. Equities analysts forecast that Macy's, Inc. will post 2.28 EPS for the current year.

Macy's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 15th. Macy's's payout ratio is 28.21%.

Insider Activity

In related news, EVP Thomas Edwards, Jr. sold 16,419 shares of the stock in a transaction dated Wednesday, June 24th. The shares were 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 of the company's stock, valued at $497,800. This represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 firm's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the sale, the senior vice president owned 25,373 shares of the company's stock, valued at approximately $650,309.99. The trade was a 28.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on M shares. UBS Group lifted their target price on Macy's from $9.00 to $10.00 and gave the stock a "sell" rating in a research report on Wednesday, August 26th. Wall Street Zen cut Macy's from a "buy" rating to a "hold" rating in a research report on Saturday. BTIG Research restated a "neutral" rating on shares of Macy's in a research note on Friday. Telsey Advisory Group lifted their price target on Macy's from $20.00 to $23.00 and gave the stock a "market perform" rating in a research report on Thursday, June 4th. Finally, TD Cowen reiterated a "hold" rating on shares of Macy's in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Macy's has an average rating of "Hold" and a consensus target price of $22.78.

About Macy's

Macy's, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy's, Bloomingdale's and Bluemercury. Macy's serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale's offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.

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