Macy's, Inc. $M Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Macy’s stake by 45.6% in the second quarter, selling 138,507 shares and retaining 165,126 shares worth approximately $3.9 million. Institutional investors and hedge funds collectively own 87.36% of the stock.
• Macy’s reported quarterly results above expectations, with $0.63 in earnings per share on $5.06 billion in revenue, and raised its fiscal 2026 EPS guidance to $2.15–$2.35. However, its projected third-quarter loss is wider than analysts expected, creating near-term execution concerns.
• The company declared a quarterly dividend of $0.1915 per share, equating to an annualized yield of about 3.5%. Analysts maintain a consensus “Hold” rating with an average price target of $22.78.

Engineers Gate Manager LP trimmed its position in Macy's, Inc. (NYSE:M - Free Report) by 45.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,126 shares of the company's stock after selling 138,507 shares during the quarter. Engineers Gate Manager LP owned approximately 0.06% of Macy's worth $3,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Macy's by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 162,989 shares of the company's stock worth $2,047,000 after acquiring an additional 45,149 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Macy's by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,116,170 shares of the company's stock valued at $14,019,000 after purchasing an additional 55,821 shares during the last quarter. Focus Partners Wealth raised its position in shares of Macy's by 33.1% during the 1st quarter. Focus Partners Wealth now owns 58,197 shares of the company's stock worth $731,000 after purchasing an additional 14,489 shares during the period. Cetera Investment Advisers raised its position in shares of Macy's by 49.6% during the 2nd quarter. Cetera Investment Advisers now owns 24,300 shares of the company's stock worth $283,000 after purchasing an additional 8,053 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Macy's by 160.5% in the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company's stock worth $49,941,000 after purchasing an additional 2,639,132 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy's Stock Up 7.5%

Macy's stock opened at $22.03 on Friday. Macy's, Inc. has a 52 week low of $16.41 and a 52 week high of $26.58. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 8.07 and a beta of 1.41. The company's 50-day moving average price is $23.47 and its two-hundred day moving average price is $21.43. The company has a current ratio of 1.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.49.

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

Macy's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Macy's's dividend payout ratio (DPR) is presently 31.82%.

Trending Headlines about Macy's

Here are the key news stories impacting Macy's this week:

• Positive Sentiment: Macy’s exceeded analysts’ expectations for second-quarter earnings and revenue. Reported adjusted EPS was approximately $0.40 versus the $0.37 consensus, while revenue rose 1.1% year over year to roughly $4.9 billion. The company also reported growth across its major nameplates. Macy's Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The retailer raised its fiscal 2026 outlook, projecting EPS of $2.15-$2.35 versus a $2.11 consensus and revenue of approximately $21.7-$21.8 billion, above the $21.1 billion consensus. Its sales outlook was supported by higher comparable sales expectations and continued demand from middle- and higher-income customers. Macy's Posts Strong Results and Raises Guidance
• Positive Sentiment: Management said premium merchandise and tariff refunds helped results. The improving sales trend and a roughly 3.5% dividend yield may appeal to income-focused investors if the turnaround continues and cash generation remains solid. Premium Goods Drive Sales Growth
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, indicating that the earnings improvement and valuation are balanced by execution risks in the ongoing turnaround. BTIG Research Rating
• Negative Sentiment: Despite the beat and guidance increase, investors initially focused on Macy’s projected third-quarter adjusted loss of $0.19-$0.23 per share, which is wider than the $0.12 consensus loss. Softer near-term comparable-sales expectations and broader market weakness also pressured sentiment. Macy's Stock and Fiscal 2026 Outlook

Insider Buying and Selling at Macy's

In other news, EVP Thomas Edwards, Jr. sold 16,419 shares of the business's stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the sale, the executive vice president owned 20,000 shares of the company's stock, valued at approximately $497,800. The trade was a 45.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 company's stock in a transaction 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 completion of the sale, 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 position. The SEC filing for this sale provides additional information. 1.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on M shares. Zacks Research upgraded Macy's from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Weiss Ratings downgraded shares of Macy's from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday. Wall Street Zen lowered shares of Macy's from a "buy" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. increased their price objective on shares of Macy's from $21.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday, June 4th. Finally, TD Cowen lifted their price objective on shares of Macy's from $20.00 to $25.00 and gave the company a "hold" rating in a research report on Monday, June 22nd. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.78.

Macy's Company Profile

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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