Robeco Institutional Asset Management B.V. Reduces Position in Macy’s, Inc. $M

Robeco Institutional Asset Management B.V. trimmed its position in shares of Macy’s, Inc. (NYSE:M) by 96.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,589 shares of the company’s stock after selling 299,549 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Macy’s were worth $226,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in M. UMB Bank n.a. boosted its position in shares of Macy’s by 523.0% during the second quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock valued at $37,000 after buying an additional 2,662 shares during the period. Fifth Third Bancorp lifted its stake in shares of Macy’s by 28.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after acquiring an additional 1,087 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Macy’s by 116.2% during the 2nd quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock valued at $88,000 after acquiring an additional 4,080 shares during the period. Parallel Advisors LLC grew its position in Macy’s by 147.8% in the 2nd quarter. Parallel Advisors LLC now owns 8,332 shares of the company’s stock valued at $97,000 after acquiring an additional 4,970 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. bought a new position in Macy’s in the 2nd quarter valued at $117,000. Institutional investors own 87.36% of the company’s stock.

Macy’s Trading Down 5.5%

NYSE:M opened at $21.91 on Tuesday. The firm has a 50-day simple moving average of $21.93 and a 200-day simple moving average of $17.55. Macy’s, Inc. has a one year low of $9.76 and a one year high of $24.41. The firm has a market cap of $5.82 billion, a P/E ratio of 12.96 and a beta of 1.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.18 and a current ratio of 1.25.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.22. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. Macy’s had a net margin of 2.10% and a return on equity of 15.57%. Macy’s’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $0.04 earnings per share. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Equities analysts anticipate that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were paid a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, December 15th. Macy’s’s dividend payout ratio is 43.20%.

Insider Buying and Selling at Macy’s

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the sale, the executive vice president owned 51,161 shares of the company’s stock, valued at $1,223,771.12. This trade represents a 62.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

M has been the subject of several research analyst reports. Telsey Advisory Group lifted their target price on Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. Jefferies Financial Group lifted their price objective on shares of Macy’s from $26.00 to $27.00 and gave the company a “buy” rating in a report on Friday, December 12th. Guggenheim assumed coverage on shares of Macy’s in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Wall Street Zen raised shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Evercore ISI boosted their price target on Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.50.

About Macy’s

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.