Universal Beteiligungs und Servicegesellschaft mbH Has $2.94 Million Stake in Macy’s, Inc. $M

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in Macy’s, Inc. (NYSE:M) by 44.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,153 shares of the company’s stock after selling 131,926 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Macy’s worth $2,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ethic Inc. increased its position in Macy’s by 5.5% during the 3rd quarter. Ethic Inc. now owns 16,825 shares of the company’s stock worth $302,000 after purchasing an additional 883 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Macy’s by 3.6% during the second quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company’s stock worth $307,000 after buying an additional 907 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its stake in shares of Macy’s by 3.2% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 32,500 shares of the company’s stock valued at $379,000 after acquiring an additional 1,000 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Macy’s by 4.5% during the 2nd quarter. Raymond James Financial Inc. now owns 23,949 shares of the company’s stock valued at $279,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in 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. 87.36% of the stock is owned by institutional investors.

Macy’s Trading Down 1.7%

Shares of M stock opened at $20.04 on Thursday. The company has a market cap of $5.33 billion, a P/E ratio of 11.86 and a beta of 1.43. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $24.41. The stock has a 50 day simple moving average of $22.16 and a two-hundred day simple moving average of $18.24. 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 announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.22. Macy’s had a net margin of 2.10% and a return on equity of 15.57%. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the firm posted $0.04 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Research analysts forecast that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Insider Activity

In other 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 value of $2,033,200.00. Following the completion of the sale, the executive vice president directly owned 51,161 shares in the company, valued at $1,223,771.12. This trade represents a 62.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.77% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI lifted their price target on Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a research note on Friday, December 5th. Morgan Stanley lifted their target price on shares of Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. The Goldman Sachs Group raised their price target on shares of Macy’s from $16.50 to $22.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Wall Street Zen raised Macy’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, UBS Group set a $21.00 target price on Macy’s in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.50.

Macy’s 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.