17,017 Shares in Macy's, Inc. $M Bought by Teza Capital Management LLC

Key Points

• Teza Capital Management acquired a new position in Macy's, investing approximately $214,000 to purchase 17,017 shares in the first quarter.
• Institutional investors and hedge funds hold around 87.36% of Macy's stock, highlighting significant interest among large investment firms.
• Macy's recently reported $0.41 earnings per share for the quarter, exceeding analysts' expectations of $0.19, although revenue was down 2.5% year-over-year.

Teza Capital Management LLC acquired a new stake in shares of Macy's, Inc. (NYSE:M - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,017 shares of the company's stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quantinno Capital Management LP raised its position in Macy's by 0.9% during the fourth quarter. Quantinno Capital Management LP now owns 102,538 shares of the company's stock valued at $1,736,000 after purchasing an additional 872 shares during the period. ProShare Advisors LLC raised its position in Macy's by 7.7% during the fourth quarter. ProShare Advisors LLC now owns 12,978 shares of the company's stock valued at $220,000 after purchasing an additional 924 shares during the period. Crossmark Global Holdings Inc. raised its position in Macy's by 0.5% during the first quarter. Crossmark Global Holdings Inc. now owns 205,492 shares of the company's stock valued at $2,581,000 after purchasing an additional 959 shares during the period. Factorial Partners LLC raised its position in Macy's by 0.9% during the first quarter. Factorial Partners LLC now owns 111,000 shares of the company's stock valued at $1,394,000 after purchasing an additional 1,000 shares during the period. Finally, US Bancorp DE raised its position in Macy's by 6.7% during the first quarter. US Bancorp DE now owns 19,624 shares of the company's stock valued at $246,000 after purchasing an additional 1,227 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Paul Griscom sold 12,843 shares of Macy's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the transaction, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Danielle L. Kirgan sold 100,000 shares of Macy's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $17.30, for a total value of $1,730,000.00. Following the completion of the transaction, the executive vice president owned 286,161 shares in the company, valued at $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.09% of the company's stock.

Wall Street Analysts Forecast Growth

M has been the topic of a number of recent research reports. Telsey Advisory Group restated a "market perform" rating and set a $17.00 price objective (up from $14.00) on shares of Macy's in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. increased their price target on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Citigroup increased their price target on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Jefferies Financial Group increased their price target on Macy's from $14.50 to $18.50 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, Barclays increased their price target on Macy's from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $14.85.

Macy's Trading Down 2.9%

M traded down $0.50 during trading on Friday, hitting $16.96. 11,823,715 shares of the stock were exchanged, compared to its average volume of 11,044,441. The firm has a 50 day simple moving average of $13.44 and a 200 day simple moving average of $12.57. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 9.69 and a beta of 1.78. Macy's, Inc. has a 1 year low of $9.76 and a 1 year high of $18.13. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.19 by $0.22. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. Macy's had a return on equity of 15.39% and a net margin of 2.18%.Macy's's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. Macy's has set its Q3 2025 guidance at -0.200--0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, equities analysts expect that Macy's, Inc. will post 2.39 EPS for the current year.

Macy's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, September 15th. Macy's's dividend payout ratio (DPR) is presently 41.71%.

Macy's Profile

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.