State of Alaska Department of Revenue Has $2.14 Million Stock Holdings in Macy’s, Inc. $M

State of Alaska Department of Revenue decreased its position in Macy’s, Inc. (NYSE:M) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,401 shares of the company’s stock after selling 1,110 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Macy’s worth $2,138,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Macy’s by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,964,002 shares of the company’s stock valued at $200,510,000 after acquiring an additional 212,791 shares in the last quarter. American Century Companies Inc. raised its holdings in Macy’s by 21.9% in the 1st quarter. American Century Companies Inc. now owns 8,699,534 shares of the company’s stock valued at $109,266,000 after acquiring an additional 1,562,402 shares in the last quarter. RWC Asset Management LLP acquired a new position in Macy’s in the 1st quarter valued at approximately $80,868,000. AQR Capital Management LLC raised its holdings in Macy’s by 269.2% in the 1st quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company’s stock valued at $65,683,000 after acquiring an additional 3,813,210 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Macy’s by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,849,558 shares of the company’s stock valued at $35,790,000 after acquiring an additional 73,096 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on M. Morgan Stanley upped their price target on Macy’s from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Jefferies Financial Group upped their price target on Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 price target (up previously from $14.00) on shares of Macy’s in a report on Wednesday, September 3rd. Zacks Research raised Macy’s from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Finally, UBS Group increased their target price on Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Macy’s presently has an average rating of “Hold” and a consensus target price of $15.25.

Macy’s Stock Performance

Shares of Macy’s stock opened at $18.18 on Friday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 10.39 and a beta of 1.78. The stock’s 50-day moving average is $14.89 and its 200-day moving average is $12.94. Macy’s, Inc. has a one year low of $9.76 and a one year high of $18.30. 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 issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.22. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. Macy’s had a return on equity of 15.39% and a net margin of 2.18%.The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities analysts predict that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Announces Dividend

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

Insider Transactions at Macy’s

In related news, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total value 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. The trade was a 42.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the completion of the sale, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. This represents a 35.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 212,843 shares of company stock worth $3,726,670. 1.09% of the stock is 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.