Stratos Wealth Partners LTD. Makes New $126,000 Investment in Macy’s, Inc. $M

Stratos Wealth Partners LTD. acquired a new position in shares of Macy’s, Inc. (NYSE:M) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,770 shares of the company’s stock, valued at approximately $126,000.

Several other hedge funds have also recently bought and sold shares of the stock. Nordea Investment Management AB lifted its position in Macy’s by 2.2% during the second quarter. Nordea Investment Management AB now owns 281,367 shares of the company’s stock worth $3,319,000 after acquiring an additional 6,175 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Macy’s by 2.4% in the second quarter. Allianz Asset Management GmbH now owns 3,157,743 shares of the company’s stock valued at $36,819,000 after buying an additional 74,768 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Macy’s by 6.9% in the second quarter. New York State Teachers Retirement System now owns 319,350 shares of the company’s stock valued at $3,724,000 after buying an additional 20,533 shares in the last quarter. Credit Industriel ET Commercial raised its position in shares of Macy’s by 40.0% in the second quarter. Credit Industriel ET Commercial now owns 21,000 shares of the company’s stock valued at $245,000 after buying an additional 6,000 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Macy’s by 1.4% in the second quarter. Yousif Capital Management LLC now owns 113,805 shares of the company’s stock valued at $1,327,000 after buying an additional 1,557 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Macy’s

In other news, SVP Paul Griscom sold 12,843 shares of the company’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 transaction, the senior vice president owned 23,379 shares in the company, valued at approximately $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 286,161 shares in the company, valued at $4,950,585.30. This represents a 25.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 212,843 shares of company stock worth $3,726,670. 2.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on M shares. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research report on Saturday. BTIG Research started coverage on shares of Macy’s in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock. Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price objective (up previously from $14.00) on shares of Macy’s in a research note on Wednesday, September 3rd. Finally, Morgan Stanley boosted their price objective on shares of Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.45.

Macy’s Price Performance

M stock opened at $18.73 on Monday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 10.70 and a beta of 1.78. 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, Inc. has a 12-month low of $9.76 and a 12-month high of $19.08. The company’s fifty day simple moving average is $16.58 and its 200 day simple moving average is $13.55.

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, beating the consensus estimate of $0.19 by $0.22. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. Macy’s’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 expect that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.1824 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.73 annualized dividend and a yield of 3.9%. Macy’s’s payout ratio is presently 41.71%.

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.