Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Holdings in Macy’s, Inc. $M

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Macy’s, Inc. (NYSE:M) by 7.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 71,574 shares of the company’s stock after acquiring an additional 5,208 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Macy’s were worth $835,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Macy’s by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 15,964,002 shares of the company’s stock worth $200,510,000 after purchasing an additional 212,791 shares during the last quarter. American Century Companies Inc. increased its stake in 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 buying an additional 1,562,402 shares during the period. AQR Capital Management LLC lifted its holdings in Macy’s by 269.2% during 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 in the last quarter. Allianz Asset Management GmbH increased its position in shares of Macy’s by 2.4% during the second quarter. Allianz Asset Management GmbH now owns 3,157,743 shares of the company’s stock worth $36,819,000 after acquiring an additional 74,768 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Macy’s by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,849,558 shares of the company’s stock valued at $35,790,000 after purchasing an additional 73,096 shares during the period. Institutional investors own 87.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on M shares. Barclays raised their price objective on Macy’s from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. Jefferies Financial Group raised their price target on Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Macy’s in a research note on Wednesday, November 19th. BTIG Research assumed coverage on shares of Macy’s in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.75.

Macy’s Trading Down 0.4%

NYSE M opened at $20.04 on Tuesday. The firm has a market cap of $5.38 billion, a PE ratio of 11.45 and a beta of 1.83. Macy’s, Inc. has a 52 week low of $9.76 and a 52 week high of $21.25. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average price of $18.66 and a 200 day moving average price of $14.82.

Macy’s (NYSE:M) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate 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 period 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. As a group, sell-side analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be issued a $0.1824 dividend. This represents a $0.73 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. Macy’s’s dividend payout ratio (DPR) is currently 41.71%.

Insider Activity

In related news, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction that occurred on 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 in the company, valued at $2,416,857.75. This trade represents a 42.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction that occurred on 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 $403,521.54. The trade was a 35.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 212,843 shares of company stock valued at $3,726,670. Corporate insiders own 1.09% of the company’s stock.

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.