Public Employees Retirement System of Ohio Has $1 Million Stock Position in Macy’s, Inc. $M

Public Employees Retirement System of Ohio grew its stake in shares of Macy’s, Inc. (NYSE:M) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,025 shares of the company’s stock after purchasing an additional 1,706 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Macy’s were worth $1,003,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in M. Wealth Enhancement Advisory Services LLC increased its position in shares of Macy’s by 22.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,731 shares of the company’s stock worth $486,000 after purchasing an additional 5,332 shares during the last quarter. GAMMA Investing LLC boosted its stake in Macy’s by 1,188.7% in the 1st quarter. GAMMA Investing LLC now owns 44,086 shares of the company’s stock valued at $554,000 after purchasing an additional 40,665 shares during the period. Merit Financial Group LLC bought a new stake in Macy’s in the 1st quarter valued at $221,000. OLD National Bancorp IN boosted its stake in Macy’s by 3.2% in the 1st quarter. OLD National Bancorp IN now owns 97,527 shares of the company’s stock valued at $1,225,000 after purchasing an additional 3,000 shares during the period. Finally, Pallas Capital Advisors LLC bought a new stake in Macy’s in the 1st quarter valued at $366,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Activity

In other news, SVP Paul Griscom sold 12,843 shares of the stock in a transaction dated Thursday, September 11th. The stock was 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 owned 23,379 shares of the company’s stock, valued at approximately $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $17.75, for a total value of $1,775,000.00. Following the completion of the sale, the executive vice president directly 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 212,843 shares of company stock valued at $3,726,670. Insiders own 1.09% of the company’s stock.

Macy’s Trading Down 0.0%

Shares of M stock opened at $18.19 on Friday. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 10.39 and a beta of 1.78. The stock has a 50-day moving average of $14.99 and a 200-day moving average of $12.96. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. Macy’s, Inc. has a 1-year low of $9.76 and a 1-year high of $18.35.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.22. The company 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 business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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, equities research 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 declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.1824 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.73 annualized dividend and a dividend yield of 4.0%. Macy’s’s dividend payout ratio is presently 41.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on M shares. Morgan Stanley boosted 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. The Goldman Sachs Group boosted their price target on Macy’s from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, September 4th. UBS Group boosted their price target on Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a report on Thursday, September 4th. Citigroup upped their target price on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Finally, Jefferies Financial Group upped their target price on Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.25.

Macy’s Company 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.