QRG Capital Management Inc. Invests $548,000 in Macy’s, Inc. $M

QRG Capital Management Inc. bought a new position in Macy’s, Inc. (NYSE:M) during the first quarter, Holdings Channel.com reports. The fund bought 30,301 shares of the company’s stock, valued at approximately $548,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in M. Strengthening Families & Communities LLC bought a new stake in Macy’s during the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Macy’s during the 4th quarter valued at $29,000. Smartleaf Asset Management LLC lifted its position in shares of Macy’s by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after acquiring an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after acquiring an additional 486 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Macy’s by 7,265.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after acquiring an additional 2,325 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Macy’s news, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. The trade was a 28.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the transaction, the executive vice president owned 20,000 shares in the company, valued at $497,800. This represents a 45.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.05% of the company’s stock.

Macy’s Price Performance

Shares of NYSE:M opened at $22.68 on Friday. The company’s fifty day moving average is $22.03 and its two-hundred day moving average is $20.87. The company has a market cap of $5.96 billion, a P/E ratio of 9.37 and a beta of 1.46. Macy’s, Inc. has a 12-month low of $11.77 and a 12-month high of $26.10. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter last year, the firm posted $0.16 earnings per share. Macy’s’s revenue was up 1.8% compared to the same quarter last year. 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. Equities analysts expect that Macy’s, Inc. will post 2.19 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given 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 3.4%. Macy’s’s dividend payout ratio (DPR) is presently 31.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on M shares. Telsey Advisory Group boosted their target price 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. Evercore set a $22.00 price target on Macy’s in a research report on Thursday, June 4th. UBS Group reissued a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Morgan Stanley restated an “overweight” rating and set a $30.00 price objective on shares of Macy’s in a report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.70.

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.