GAMMA Investing LLC Increases Stock Position in Macy’s, Inc. $M

GAMMA Investing LLC lifted its stake in Macy’s, Inc. (NYSE:M) by 116.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,590 shares of the company’s stock after acquiring an additional 4,080 shares during the quarter. GAMMA Investing LLC’s holdings in Macy’s were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in M. RWC Asset Management LLP purchased a new stake in Macy’s in the first quarter worth approximately $80,868,000. AQR Capital Management LLC lifted its holdings in shares of Macy’s by 269.2% during the 1st quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company’s stock valued at $65,683,000 after buying an additional 3,813,210 shares during the period. Trexquant Investment LP purchased a new position in shares of Macy’s in the 1st quarter worth $22,059,000. American Century Companies Inc. grew its holdings in shares of Macy’s by 21.9% in 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 during the period. Finally, Invenomic Capital Management LP increased its position in Macy’s by 91.6% during the first quarter. Invenomic Capital Management LP now owns 1,724,214 shares of the company’s stock valued at $21,656,000 after acquiring an additional 824,174 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Trading Up 1.2%

Shares of M stock opened at $18.18 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38. The stock has a fifty day simple moving average of $14.89 and a two-hundred day simple moving average of $12.94. The firm has a market capitalization of $4.88 billion, a PE ratio of 10.39 and a beta of 1.78. Macy’s, Inc. has a 52-week low of $9.76 and a 52-week high of $18.30.

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

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were issued a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, September 15th. Macy’s’s payout ratio is 41.71%.

Analyst Ratings Changes

M has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Citigroup increased their price objective on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Barclays boosted their target price on shares of Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, September 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price target (up from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. Finally, Jefferies Financial Group lifted their price target on shares of Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.25.

Insiders Place Their Bets

In related news, SVP Paul Griscom sold 12,843 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president directly owned 23,379 shares of the company’s stock, valued at approximately $403,521.54. This trade represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the completion of the sale, the executive vice president owned 286,161 shares in the company, valued at approximately $4,950,585.30. This represents a 25.90% decrease in their ownership of the stock. 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 owned by company insiders.

About Macy’s

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.