Wealth Enhancement Advisory Services LLC Sells 36,358 Shares of Macy's, Inc. $M

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Macy's by 55.8% in Q2, leaving it with 28,787 shares valued at approximately $360,000.
• Macy's reported earnings of $0.41 per share, surpassing analysts' expectations, although revenue declined 2.5% year-over-year to $4.81 billion.
• The company also declared a quarterly dividend of $0.1824 per share, yielding 4.1%, and has a dividend payout ratio of 41.71%.

Wealth Enhancement Advisory Services LLC trimmed its position in Macy's, Inc. (NYSE:M - Free Report) by 55.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,787 shares of the company's stock after selling 36,358 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Macy's were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Macy's by 1,188.7% during the first quarter. GAMMA Investing LLC now owns 44,086 shares of the company's stock worth $554,000 after buying an additional 40,665 shares during the period. Merit Financial Group LLC purchased a new stake in Macy's in the 1st quarter worth approximately $221,000. OLD National Bancorp IN raised its stake in shares of Macy's by 3.2% during the 1st quarter. OLD National Bancorp IN now owns 97,527 shares of the company's stock worth $1,225,000 after buying an additional 3,000 shares during the period. Pallas Capital Advisors LLC acquired a new position in Macy's in the 1st quarter valued at $366,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Macy's in the 1st quarter valued at $142,000. Institutional investors own 87.36% of the company's stock.

Macy's Stock Performance

Shares of NYSE:M opened at $17.76 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35. Macy's, Inc. has a 12 month low of $9.76 and a 12 month high of $18.47. The firm has a market capitalization of $4.77 billion, a PE ratio of 10.15 and a beta of 1.78. The business has a 50-day moving average of $15.17 and a two-hundred day moving average of $13.03.

Macy's (NYSE:M - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm earned $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, research analysts forecast 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 was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, September 15th. Macy's's dividend payout ratio (DPR) is 41.71%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on M. 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. JPMorgan Chase & Co. raised their target price on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Morgan Stanley lifted their price target 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. Weiss Ratings reissued a "hold (c)" rating on shares of Macy's in a report on Saturday, September 27th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $17.00 price objective (up previously from $14.00) on shares of Macy's in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $15.45.

Insider Buying and Selling

In related news, EVP Danielle L. Kirgan sold 100,000 shares of the firm'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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Paul Griscom sold 12,843 shares of Macy's stock in a transaction on Thursday, September 11th. The shares were 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 in the company, valued at $403,521.54. The trade was a 35.46% 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 worth $3,726,670. 2.77% of the stock is currently owned by company insiders.

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.

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