WBI Investments LLC Sells 67,993 Shares of 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 cut its holdings in Macy's, Inc. (NYSE:M - Free Report) by 53.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,733 shares of the company's stock after selling 67,993 shares during the period. WBI Investments LLC's holdings in Macy's were worth $750,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in shares of Macy's by 173.9% in the first quarter. Hsbc Holdings PLC now owns 85,939 shares of the company's stock valued at $1,087,000 after acquiring an additional 54,558 shares during the period. State of Alaska Department of Revenue increased its position in shares of Macy's by 126.0% in the first quarter. State of Alaska Department of Revenue now owns 184,511 shares of the company's stock valued at $2,317,000 after acquiring an additional 102,885 shares during the period. GAMMA Investing LLC increased its position in shares of Macy's by 1,188.7% in the first quarter. GAMMA Investing LLC now owns 44,086 shares of the company's stock valued at $554,000 after acquiring an additional 40,665 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of Macy's in the first quarter valued at about $304,000. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Macy's by 33.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,161 shares of the company's stock valued at $240,000 after acquiring an additional 3,579 shares during the period. 87.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Macy's

In other Macy's news, EVP Danielle L. Kirgan sold 100,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on M shares. Telsey Advisory Group restated a "market perform" rating and issued a $17.00 price objective (up previously from $14.00) on shares of Macy's in a research report on Wednesday, September 3rd. Citigroup boosted their price objective on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. Barclays boosted their price objective on shares of Macy's from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. boosted their price objective on shares of Macy's from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, UBS Group boosted their price objective on shares of Macy's from $6.00 to $6.50 and gave the company a "sell" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.85.

Macy's Price Performance

Shares of NYSE M opened at $17.05 on Thursday. 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 current ratio of 1.38 and a quick ratio of 0.35. The company's 50-day moving average is $13.25 and its 200 day moving average is $12.54. The stock has a market capitalization of $4.63 billion, a P/E ratio of 9.74 and a beta of 1.78.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings results 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 net margin of 2.18% and a return on equity of 15.39%. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.69 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. Macy's's quarterly revenue was down 2.5% on a year-over-year basis. 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, sell-side analysts expect that Macy's, Inc. will post 2.39 earnings per share for the current year.

Macy's Announces Dividend

The firm 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 $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, September 15th. Macy's's dividend payout ratio is 41.71%.

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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