VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.73 Million in Macy’s, Inc. $M

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Macy’s, Inc. (NYSE:M) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 115,959 shares of the company’s stock, valued at approximately $2,731,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its holdings in shares of Macy’s by 2,278.6% in the second quarter. California State Teachers Retirement System now owns 7,184,304 shares of the company’s stock valued at $169,190,000 after purchasing an additional 6,882,269 shares during the period. Norges Bank purchased a new position in Macy’s in the fourth quarter valued at about $85,020,000. Marshall Wace LLP purchased a new position in Macy’s in the fourth quarter valued at about $69,562,000. Bank of New York Mellon Corp bought a new position in Macy’s in the second quarter worth about $67,450,000. Finally, SG Americas Securities LLC raised its holdings in Macy’s by 1,344.4% in the first quarter. SG Americas Securities LLC now owns 3,059,374 shares of the company’s stock worth $55,344,000 after purchasing an additional 2,847,561 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on M. UBS Group raised their price target on shares of Macy’s from $9.00 to $10.00 and gave the company a “sell” rating in a report on Wednesday, August 26th. Telsey Advisory Group increased their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of Macy’s from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $30.00 price objective on shares of Macy’s in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Macy’s has an average rating of “Hold” and an average price target of $22.78.

Trending Headlines about Macy’s

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s raised its fiscal 2026 outlook, projecting adjusted EPS of $2.15–$2.35 and revenue of approximately $21.7–$21.8 billion, above Wall Street’s estimates. Comparable sales also improved, suggesting the turnaround is gaining traction. Macy’s posts strong results, raises guidance as turnaround begins to take hold
• Positive Sentiment: Second-quarter earnings and revenue exceeded consensus expectations, with revenue increasing about 1.1% year over year. Growth was supported by premium merchandise and stronger spending from middle- and high-income customers across Macy’s brands. Macy’s Raises Outlook as Premium Goods Drive Sales Growth
• Positive Sentiment: Income-oriented investors may view the roughly 3.5% dividend yield as attractive, particularly if improving sales and profitability continue to support cash generation. Tariff refunds also provided a benefit to the full-year profit outlook. Should Income Investors Buy the Dip in Macy’s Stock After Q2 Earnings?
• Negative Sentiment: Third-quarter EPS guidance of a $0.19–$0.23 loss was weaker than the roughly $0.12 loss analysts expected, while revenue guidance was broadly in line. The cautious near-term outlook overshadowed the quarterly beat and contributed to the selloff. Why a beat and raise isn’t driving Macy’s stock higher?

Insider Buying and Selling at Macy’s

In other news, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the sale, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas Edwards, Jr. sold 16,419 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the sale, the executive vice president directly owned 20,000 shares of the company’s stock, 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. Company insiders own 1.05% of the company’s stock.

Macy’s Stock Performance

Shares of M stock opened at $20.50 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. Macy’s, Inc. has a 12-month low of $16.41 and a 12-month high of $26.58. The business’s 50 day moving average is $23.49 and its two-hundred day moving average is $21.42. The company has a market capitalization of $5.39 billion, a P/E ratio of 8.47 and a beta of 1.41.

Macy’s (NYSE:M) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. Analysts expect that Macy’s, Inc. will post 2.22 EPS for the current fiscal year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.1915 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.7%. Macy’s’s dividend payout ratio is currently 31.82%.

Macy’s Profile

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.