Vontobel Holding Ltd. Increases Holdings in Macy's, Inc. $M

Key Points

• Vontobel Holding Ltd. increased its holdings in Macy's, Inc. by 682.7% during Q2, owning 189,484 shares valued at approximately $2.21 million after buying 165,274 additional shares.
• Macy's reported a quarterly EPS of $0.41, exceeding the consensus estimate of $0.19, but its revenue declined by 2.5% year-over-year, totaling $4.81 billion.
• The retail company recently paid a quarterly dividend of $0.1824 per share, yielding 4.4%, while corporate insiders sold 212,843 shares worth approximately $3.73 million in the last three months.

Vontobel Holding Ltd. lifted its position in shares of Macy's, Inc. (NYSE:M - Free Report) by 682.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,484 shares of the company's stock after buying an additional 165,274 shares during the period. Vontobel Holding Ltd. owned about 0.07% of Macy's worth $2,209,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of M. Dimensional Fund Advisors LP increased its stake in Macy's by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,964,002 shares of the company's stock worth $200,510,000 after purchasing an additional 212,791 shares during the period. American Century Companies Inc. grew its position in shares of Macy's by 21.9% in 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 during the last quarter. RWC Asset Management LLP bought a new stake in shares of Macy's in the 1st quarter worth approximately $80,868,000. AQR Capital Management LLC grew its position in shares of Macy's by 269.2% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Macy's by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,849,558 shares of the company's stock worth $35,790,000 after buying an additional 73,096 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Macy's

In other Macy's news, SVP Paul Griscom sold 12,843 shares of the business'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 sale, the senior vice president directly owned 23,379 shares of the company's stock, valued at approximately $403,521.54. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total value of $1,775,000.00. Following the completion of the sale, the executive vice president directly owned 136,161 shares in the company, valued at $2,416,857.75. This trade represents a 42.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 212,843 shares of company stock worth $3,726,670 over the last three months. Corporate insiders own 1.09% of the company's stock.

Macy's Trading Down 4.5%

Macy's stock opened at $16.50 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. The business's fifty day simple moving average is $15.44 and its two-hundred day simple moving average is $13.10. Macy's, Inc. has a 12 month low of $9.76 and a 12 month high of $18.47. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 9.43 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The company's revenue for the quarter 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. As a group, equities analysts predict that Macy's, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.1824 dividend. This represents a $0.73 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, September 15th. Macy's's payout ratio is 41.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Macy's in a research report on Wednesday. Telsey Advisory Group reiterated a "market perform" rating and issued a $17.00 price objective (up from $14.00) on shares of Macy's in a research report on Wednesday, September 3rd. Morgan Stanley lifted their price objective on Macy's from $12.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 18th. Citigroup lifted their price target on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. Finally, Barclays lifted their price target on Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Macy's has an average rating of "Hold" and an average price target of $15.45.

Macy's Company 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.

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