KLP Kapitalforvaltning AS Raises Stake in Macy’s, Inc. $M

KLP Kapitalforvaltning AS boosted its holdings in shares of Macy’s, Inc. (NYSE:M) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 58,200 shares of the company’s stock after purchasing an additional 4,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Macy’s were worth $688,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. RWC Asset Management LLP acquired a new position in shares of Macy’s in the first quarter valued at approximately $80,868,000. AQR Capital Management LLC grew its position 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 buying an additional 3,813,210 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Macy’s in the 1st quarter worth $22,059,000. American Century Companies Inc. lifted its stake in shares of Macy’s by 21.9% in the 1st 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 lifted its stake in shares of Macy’s by 91.6% in the 1st 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 during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Activity at Macy’s

In other Macy’s news, EVP Danielle L. Kirgan sold 100,000 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $17.30, for a total transaction of $1,730,000.00. Following the completion of the transaction, the executive vice president owned 286,161 shares of the company’s stock, valued at approximately $4,950,585.30. This trade represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Paul Griscom sold 12,843 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $17.26, for a total value of $221,670.18. Following the sale, the senior vice president directly owned 23,379 shares in the company, valued at approximately $403,521.54. The trade was a 35.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 212,843 shares of company stock valued at $3,726,670 over the last 90 days. Insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on M shares. BTIG Research started coverage on shares of Macy’s in a report on Tuesday. They set a “neutral” rating for the company. Barclays boosted their target price on Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. upped their price objective on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price objective (up previously from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Macy’s presently has an average rating of “Hold” and a consensus price target of $15.45.

Macy’s Trading Up 0.2%

Shares of M stock opened at $17.93 on Friday. The stock has a market cap of $4.81 billion, a P/E ratio of 10.25 and a beta of 1.78. Macy’s, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $18.47. The business has a fifty day simple moving average of $15.90 and a 200-day simple moving average of $13.24. 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 issued 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 firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the prior year, the company earned $0.53 EPS. The firm’s 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. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, September 15th. Macy’s’s payout ratio is currently 41.71%.

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.