Macy's, Inc. $M Shares Sold by RWC Asset Management LLP

Key Points

• RWC Asset Management reduced its Macy’s stake by 1.7% in the third quarter, selling 154,053 shares while retaining 8.79 million shares valued at approximately $200.1 million. Macy’s remains RWC’s largest holding, representing 7.4% of its portfolio.
• Macy’s shares recently traded at $24.10, with the company valued at about $6.29 billion. Institutional investors and hedge funds collectively own 87.36% of the stock.
• The retailer exceeded quarterly earnings and revenue expectations, reporting $0.63 EPS and $5.06 billion in revenue, while maintaining a quarterly dividend of $0.1915 per share. Analysts’ consensus rating is Hold, with an average price target of $22.78.

RWC Asset Management LLP trimmed its stake in shares of Macy's, Inc. (NYSE:M - Free Report) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,788,791 shares of the company's stock after selling 154,053 shares during the quarter. Macy's makes up about 7.4% of RWC Asset Management LLP's portfolio, making the stock its largest holding. RWC Asset Management LLP owned about 3.37% of Macy's worth $200,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in M. Quadrant Capital Group LLC boosted its position in Macy's by 1.2% in the third quarter. Quadrant Capital Group LLC now owns 38,035 shares of the company's stock valued at $865,000 after buying an additional 461 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Macy's by 11.2% during the second quarter. Versant Capital Management Inc now owns 4,783 shares of the company's stock worth $113,000 after buying an additional 483 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Macy's by 37.0% during the second quarter. Allworth Financial LP now owns 2,270 shares of the company's stock worth $53,000 after buying an additional 613 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Macy's by 48.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company's stock valued at $44,000 after acquiring an additional 632 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Macy's by 7.4% in the 2nd 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. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy's Trading Down 0.3%

M traded down $0.07 during midday trading on Friday, hitting $24.10. 4,306,382 shares of the company were exchanged, compared to its average volume of 6,834,275. The firm's 50 day moving average price is $22.71 and its 200-day moving average price is $22.36. Macy's, Inc. has a 1-year low of $16.69 and a 1-year high of $26.58. The firm has a market capitalization of $6.29 billion, a P/E ratio of 8.83 and a beta of 1.44. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.26. Macy's had a return on equity of 13.21% and a net margin of 3.29%. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the company earned $0.41 earnings per share. The firm's 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. As a group, equities analysts forecast that Macy's, Inc. will post 2.32 EPS for the current fiscal year.

Macy's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a dividend of $0.1915 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.2%. Macy's's dividend payout ratio is 28.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and set a $30.00 price objective on shares of Macy's in a report on Monday, July 6th. UBS Group reaffirmed a "sell" rating on shares of Macy's in a report on Thursday, September 17th. Zacks Research downgraded Macy's from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 11th. BTIG Research reiterated a "neutral" rating on shares of Macy's in a research report on Friday, September 11th. Finally, Wall Street Zen lowered Macy's from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.78.

Macy's Profile

Macy's, Inc NYSE: M is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy's, Bloomingdale's, and Bluemercury. Macy's serves a broad customer base with fashion, beauty, and home products, while Bloomingdale's focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.

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