AXQ Capital LP Increases Stake in Macy’s, Inc. $M

AXQ Capital LP lifted its holdings in shares of Macy’s, Inc. (NYSE:M) by 91.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 93,975 shares of the company’s stock after purchasing an additional 44,960 shares during the period. AXQ Capital LP’s holdings in Macy’s were worth $1,096,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Macy’s by 55.5% during the first quarter. Victory Capital Management Inc. now owns 365,451 shares of the company’s stock valued at $4,590,000 after buying an additional 130,457 shares during the period. Oak Thistle LLC bought a new position in Macy’s during the 1st quarter valued at approximately $640,000. Machina Capital S.A.S. purchased a new stake in Macy’s in the 1st quarter worth approximately $146,000. Royce & Associates LP grew its position in shares of Macy’s by 6.3% in the 1st quarter. Royce & Associates LP now owns 1,536,500 shares of the company’s stock worth $19,298,000 after buying an additional 91,500 shares during the last quarter. Finally, RWC Asset Management LLP bought a new stake in shares of Macy’s in the 1st quarter worth approximately $80,868,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

M has been the topic of several research reports. BTIG Research assumed coverage on Macy’s in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Barclays raised their price objective on Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, September 4th. Jefferies Financial Group upped 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. JPMorgan Chase & Co. increased their price target on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $17.00 price target (up from $14.00) on shares of Macy’s in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Macy’s presently has an average rating of “Hold” and a consensus price target of $15.75.

Macy’s Trading Up 5.6%

Shares of NYSE:M opened at $20.12 on Friday. 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, Inc. has a 1 year low of $9.76 and a 1 year high of $21.25. The company has a market cap of $5.40 billion, a P/E ratio of 11.50 and a beta of 1.83. The stock’s fifty day moving average price is $18.61 and its 200-day moving average price is $14.72.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. The business had revenue of $4.81 billion during 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%.Macy’s’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. Sell-side analysts expect that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be given a dividend of $0.1824 per share. The ex-dividend date is Monday, December 15th. This represents a $0.73 dividend on an annualized basis and a yield of 3.6%. Macy’s’s dividend payout ratio is 41.71%.

Insider Activity at Macy’s

In other news, SVP Paul Griscom sold 12,843 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the transaction, the senior vice president directly owned 23,379 shares of the company’s stock, valued at $403,521.54. This represents a 35.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Danielle L. Kirgan sold 100,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president owned 136,161 shares in the company, valued at approximately $2,416,857.75. This trade represents a 42.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 212,843 shares of company stock worth $3,726,670 in the last 90 days. 1.09% of the stock is currently owned by corporate 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.