Parallel Advisors LLC Has $97,000 Stock Holdings in Macy’s, Inc. $M

Parallel Advisors LLC lifted its stake in shares of Macy’s, Inc. (NYSE:M) by 147.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,332 shares of the company’s stock after acquiring an additional 4,970 shares during the period. Parallel Advisors LLC’s holdings in Macy’s were worth $97,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in M. RWC Asset Management LLP bought a new stake in shares of Macy’s during the first quarter worth $80,868,000. AQR Capital Management LLC increased its position in shares of Macy’s by 269.2% during the first quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company’s stock worth $65,683,000 after acquiring an additional 3,813,210 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Macy’s during the first quarter worth $22,059,000. American Century Companies Inc. increased its position in shares of Macy’s by 21.9% during the first quarter. American Century Companies Inc. now owns 8,699,534 shares of the company’s stock worth $109,266,000 after acquiring an additional 1,562,402 shares in the last quarter. Finally, Invenomic Capital Management LP increased its position in shares of Macy’s by 91.6% during the first quarter. Invenomic Capital Management LP now owns 1,724,214 shares of the company’s stock worth $21,656,000 after acquiring an additional 824,174 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Insider Transactions at Macy’s

In other news, SVP Paul Griscom sold 12,843 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the sale, 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 position. The transaction 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 firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the sale, the executive vice president owned 136,161 shares of the company’s stock, valued at approximately $2,416,857.75. This represents a 42.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 212,843 shares of company stock valued at $3,726,670. 1.09% of the stock is currently owned by corporate insiders.

Macy’s Stock Performance

Shares of M opened at $17.37 on Thursday. The firm has a 50-day moving average of $14.23 and a 200-day moving average of $12.76. Macy’s, Inc. has a one year low of $9.76 and a one year high of $18.13. The company has a market cap of $4.66 billion, a PE ratio of 9.93 and a beta of 1.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.35.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.22. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue 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. As a group, equities analysts forecast that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, September 15th. Macy’s’s dividend payout ratio (DPR) is currently 41.71%.

Analysts Set New Price Targets

M has been the subject of several research reports. Barclays increased their price objective on shares of Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. UBS Group raised their target price on shares of Macy’s from $6.00 to $6.50 and gave the company a “sell” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. raised their target price on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, Morgan Stanley raised their target price on shares of Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.25.

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.