American Century Companies Inc. Purchases 1,395,030 Shares of Macy’s, Inc. $M

American Century Companies Inc. lifted its position in Macy’s, Inc. (NYSE:M) by 16.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,094,564 shares of the company’s stock after buying an additional 1,395,030 shares during the quarter. American Century Companies Inc. owned about 3.72% of Macy’s worth $117,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in Macy’s by 3.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company’s stock worth $307,000 after acquiring an additional 907 shares during the last quarter. Factorial Partners LLC increased its stake in shares of Macy’s by 0.9% in the first quarter. Factorial Partners LLC now owns 111,000 shares of the company’s stock worth $1,394,000 after purchasing an additional 1,000 shares during the period. Fifth Third Bancorp increased its stake in shares of Macy’s by 28.7% in the second quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after purchasing an additional 1,087 shares during the period. US Bancorp DE lifted its position in shares of Macy’s by 6.7% during the 1st quarter. US Bancorp DE now owns 19,624 shares of the company’s stock worth $246,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Macy’s by 6.3% during the 1st quarter. Sei Investments Co. now owns 22,365 shares of the company’s stock valued at $281,000 after purchasing an additional 1,317 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

M has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. The Goldman Sachs Group boosted their target price on shares of Macy’s from $14.50 to $16.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Jefferies Financial Group increased their price target on shares of Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a report on Wednesday, September 3rd. BTIG Research began coverage on shares of Macy’s in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, Zacks Research raised shares of Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.75.

Insiders Place Their Bets

In other news, SVP Paul Griscom sold 12,843 shares of the business’s 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 owned 23,379 shares in the company, valued at approximately $403,521.54. The trade was a 35.46% decrease in their position. 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 Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total transaction of $1,775,000.00. Following the completion of the sale, the executive vice president directly owned 136,161 shares in the company, valued at approximately $2,416,857.75. The trade was a 42.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 212,843 shares of company stock worth $3,726,670 over the last quarter. Company insiders own 1.09% of the company’s stock.

Macy’s Price Performance

Shares of Macy’s stock opened at $20.04 on Tuesday. The firm has a market cap of $5.38 billion, a P/E ratio of 11.45 and a beta of 1.83. The firm’s 50-day simple moving average is $18.66 and its 200-day simple moving average is $14.82. Macy’s, Inc. has a twelve month low of $9.76 and a twelve month high of $21.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.35 and a current ratio of 1.38.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, research analysts expect that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be paid a $0.1824 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.73 annualized dividend and a yield of 3.6%. 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.