New York State Teachers Retirement System Has $3.72 Million Stock Holdings in Macy's, Inc. $M

Key Points

• The New York State Teachers Retirement System increased its holdings in Macy's, Inc. by 6.9% in the second quarter, owning approximately $3.72 million worth of stock.
• Several institutional investors, including AQR Capital Management and American Century Companies, significantly boosted their positions in Macy's during the first quarter.
• Macy's recently declared a dividend of $0.1824 per share, reflecting an annualized yield of 4.1% and a payout ratio of 41.71%.

New York State Teachers Retirement System grew its position in Macy's, Inc. (NYSE:M - Free Report) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 319,350 shares of the company's stock after purchasing an additional 20,533 shares during the period. New York State Teachers Retirement System owned about 0.12% of Macy's worth $3,724,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in M. RWC Asset Management LLP acquired a new position in Macy's during the 1st quarter worth about $80,868,000. AQR Capital Management LLC lifted its position in Macy's by 269.2% during the 1st quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company's stock worth $65,683,000 after buying an additional 3,813,210 shares in the last quarter. Trexquant Investment LP acquired a new position in Macy's during the 1st quarter worth about $22,059,000. American Century Companies Inc. lifted its position in Macy's by 21.9% during the 1st quarter. American Century Companies Inc. now owns 8,699,534 shares of the company's stock worth $109,266,000 after buying an additional 1,562,402 shares in the last quarter. Finally, Invenomic Capital Management LP lifted its position in Macy's by 91.6% during the 1st quarter. Invenomic Capital Management LP now owns 1,724,214 shares of the company's stock worth $21,656,000 after buying an additional 824,174 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Insider Buying and Selling

In other Macy's news, SVP Paul Griscom sold 12,843 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the transaction, the senior vice president owned 23,379 shares of the company's stock, valued at $403,521.54. This represents a 35.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $17.30, for a total value of $1,730,000.00. Following the transaction, the executive vice president directly owned 286,161 shares of the company's stock, valued at approximately $4,950,585.30. This trade represents a 25.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 212,843 shares of company stock valued at $3,726,670. Insiders own 2.77% of the company's stock.

Macy's Price Performance

Shares of M opened at $17.98 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. The stock has a 50 day simple moving average of $16.13 and a 200 day simple moving average of $13.33. Macy's, Inc. has a 52-week low of $9.76 and a 52-week high of $18.47. The firm has a market capitalization of $4.83 billion, a PE ratio of 10.27 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $0.53 EPS. Macy's's quarterly revenue 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. Sell-side analysts predict that Macy's, Inc. will post 2.39 EPS for the current fiscal year.

Macy's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a dividend of $0.1824 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.73 dividend on an annualized basis and a yield of 4.1%. Macy's's dividend payout ratio is 41.71%.

Analyst Upgrades and Downgrades

M has been the topic of several research reports. Zacks Research upgraded shares of Macy's from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. The Goldman Sachs Group boosted their price objective on Macy's from $14.50 to $16.50 and gave the stock a "neutral" rating in a report on Monday, October 6th. Jefferies Financial Group upped their price target on Macy's from $14.50 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Citigroup upped their price target on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, BTIG Research assumed coverage on Macy's in a research note on Tuesday, October 14th. They issued a "neutral" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Macy's has a consensus rating of "Hold" and an average target price of $15.45.

About Macy's

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.

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