30,422 Shares in Macy’s, Inc. $M Bought by Kentucky Retirement Systems

Kentucky Retirement Systems acquired a new stake in shares of Macy’s, Inc. (NYSE:M) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,422 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Macy’s by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 16,475,647 shares of the company’s stock worth $298,035,000 after purchasing an additional 329,675 shares in the last quarter. RWC Asset Management LLP boosted its holdings in shares of Macy’s by 0.6% in the 4th quarter. RWC Asset Management LLP now owns 10,965,149 shares of the company’s stock valued at $241,782,000 after buying an additional 62,839 shares in the last quarter. State Street Corp boosted its holdings in shares of Macy’s by 0.5% in the 2nd quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after buying an additional 45,997 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Macy’s by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,823,034 shares of the company’s stock valued at $150,448,000 after buying an additional 2,750,115 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Macy’s by 26.1% in the 4th quarter. LSV Asset Management now owns 6,004,835 shares of the company’s stock worth $132,407,000 after buying an additional 1,244,631 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on M shares. Wall Street Zen upgraded shares of Macy’s from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. TD Cowen raised their target price on shares of Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, June 22nd. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Weiss Ratings raised Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Finally, Telsey Advisory Group upped their price target on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.70.

Macy’s Price Performance

Shares of NYSE M opened at $24.78 on Friday. Macy’s, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $26.10. The company has a market cap of $6.52 billion, a PE ratio of 10.24 and a beta of 1.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The business has a 50-day simple moving average of $23.53 and a two-hundred day simple moving average of $21.02.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 earnings per share. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. As a group, equities analysts expect that Macy’s, Inc. will post 2.19 EPS for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.1915 per share. The ex-dividend date was Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.1%. Macy’s’s dividend payout ratio is presently 31.82%.

Insider Buying and Selling

In other news, EVP Thomas Jr. Edwards sold 16,419 shares of Macy’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the sale, the executive vice president directly owned 20,000 shares in the company, valued at approximately $497,800. The trade was a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the sale, the senior vice president directly owned 25,373 shares in the company, valued at $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.05% of the company’s stock.

Macy’s Company Profile

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.