Belpointe Asset Management LLC Grows Stock Holdings in Macy’s, Inc. $M

Belpointe Asset Management LLC grew its stake in Macy’s, Inc. (NYSE:M) by 43.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,961 shares of the company’s stock after acquiring an additional 9,731 shares during the period. Belpointe Asset Management LLC’s holdings in Macy’s were worth $401,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Summit Securities Group LLC lifted its holdings in shares of Macy’s by 106.0% in the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after buying an additional 38,800 shares during the period. Headlands Technologies LLC purchased a new position in Macy’s during the 1st quarter worth $29,000. Quarry LP acquired a new position in shares of Macy’s during the first quarter valued at about $105,000. Raiffeisen Bank International AG acquired a new position in Macy’s during the 4th quarter valued at approximately $111,000. Finally, Versant Capital Management Inc increased its position in shares of Macy’s by 343.4% in the 1st quarter. Versant Capital Management Inc now owns 9,449 shares of the company’s stock valued at $119,000 after acquiring an additional 7,318 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on M. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 target price (up previously from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. Citigroup raised their target price on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Barclays upped their price target on shares of Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, September 4th. Jefferies Financial Group lifted their price objective on Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, UBS Group boosted their price objective on Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Macy’s presently has a consensus rating of “Hold” and a consensus target price of $14.85.

Macy’s Trading Down 2.9%

Shares of M opened at $16.96 on Monday. Macy’s, Inc. has a 52-week low of $9.76 and a 52-week high of $18.13. The stock has a market cap of $4.55 billion, a PE ratio of 9.69 and a beta of 1.78. The firm’s fifty day moving average is $13.44 and its two-hundred day moving average is $12.55. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.55.

Macy’s (NYSE:M) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.22. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period last year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Research analysts forecast that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $0.1824 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.3%. Macy’s’s dividend payout ratio is 41.71%.

Insider Activity at Macy’s

In related news, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the transaction, the senior vice president owned 23,379 shares in the company, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $17.30, for a total value of $1,730,000.00. Following the transaction, the executive vice president directly owned 286,161 shares in the company, valued at $4,950,585.30. This trade represents a 25.90% decrease in their position. The disclosure for this sale can be found here. 2.77% of the stock is currently owned by company insiders.

Macy’s Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.