WBI Investments LLC Lowers Stake in Macy's, Inc. $M

Key Points

• WBI Investments LLC has significantly reduced its stake in Macy's, selling 67,993 shares, which accounts for a 53.2% decrease, leaving it with 59,733 shares worth approximately $750,000.
• Other hedge funds, including Hsbc Holdings PLC and the State of Alaska Department of Revenue, have increased their positions in Macy's, with Hsbc Holdings boosting its stake by 173.9% during the same period.
• Macy's reported a quarterly earnings of $0.41 EPS, surpassing the consensus estimate of $0.19, despite a 2.5% year-over-year revenue decline, and has set guidance for Q3 2025 at -0.200 to -0.150 EPS.

WBI Investments LLC lessened its stake in Macy's, Inc. (NYSE:M - Free Report) by 53.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,733 shares of the company's stock after selling 67,993 shares during the quarter. WBI Investments LLC's holdings in Macy's were worth $750,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Summit Securities Group LLC boosted its position in shares of Macy's by 106.0% during the first quarter. Summit Securities Group LLC now owns 2,200 shares of the company's stock worth $28,000 after buying an additional 38,800 shares during the period. Headlands Technologies LLC bought a new position in shares of Macy's during the first quarter worth approximately $29,000. Quarry LP bought a new position in shares of Macy's during the first quarter worth approximately $105,000. Raiffeisen Bank International AG bought a new position in Macy's during the 4th quarter worth $111,000. Finally, Versant Capital Management Inc increased its stake in Macy's by 343.4% during the 1st quarter. Versant Capital Management Inc now owns 9,449 shares of the company's stock worth $119,000 after acquiring an additional 7,318 shares during the period. 87.36% of the stock is currently owned by institutional investors.

Macy's Stock Down 0.1%

M traded down $0.02 during trading on Tuesday, hitting $17.43. The stock had a trading volume of 3,446,515 shares, compared to its average volume of 7,706,097. The company has a market capitalization of $4.68 billion, a PE ratio of 9.96 and a beta of 1.78. Macy's, Inc. has a twelve month low of $9.76 and a twelve month 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. The stock has a 50 day simple moving average of $13.54 and a two-hundred day simple moving average of $12.57.

Macy's (NYSE:M - Get Free Report) last posted 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. Macy's had a net margin of 2.18% and a return on equity of 15.39%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The business'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. On average, research analysts predict that Macy's, Inc. will post 2.39 earnings per share for the current year.

Macy's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.1824 dividend. This represents a $0.73 annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, September 15th. Macy's's payout ratio is presently 41.71%.

Wall Street Analyst Weigh In

M has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $17.00 target price (up from $14.00) on shares of Macy's in a report on Wednesday, September 3rd. Citigroup lifted their price objective on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. The Goldman Sachs Group boosted their target price on Macy's from $13.00 to $14.50 and gave the company a "neutral" rating in a research report on Thursday, September 4th. Finally, UBS Group boosted their target price on Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Macy's presently has an average rating of "Hold" and a consensus price target of $14.85.

Insider Activity

In other news, 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 transaction of $1,730,000.00. Following the completion of the sale, the executive vice president directly owned 286,161 shares of the company's stock, valued at approximately $4,950,585.30. The trade was a 25.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Griscom sold 12,843 shares of the company's stock in a transaction on Thursday, September 11th. The shares were 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 approximately $403,521.54. The trade was a 35.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.77% of the company's stock.

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.