Aaron Wealth Advisors LLC Acquires Shares of 41,787 Macy’s, Inc. $M

Aaron Wealth Advisors LLC acquired a new stake in shares of Macy’s, Inc. (NYSE:M) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 41,787 shares of the company’s stock, valued at approximately $921,000.

Other large investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Macy’s during the 3rd quarter valued at $31,000. Bessemer Group Inc. raised its stake in shares of Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Macy’s by 101.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock worth $41,000 after purchasing an additional 1,162 shares during the period. CoreCap Advisors LLC raised its stake in shares of Macy’s by 7,265.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after purchasing an additional 2,325 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Macy’s during the 3rd quarter worth $107,000. 87.36% of the stock is currently owned by institutional investors.

Macy’s Trading Up 1.4%

Shares of M opened at $18.36 on Thursday. The business has a 50-day moving average of $19.47 and a 200 day moving average of $20.18. Macy’s, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $24.41. The firm has a market cap of $4.84 billion, a P/E ratio of 7.91 and a beta of 1.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.49.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.12. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The company had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.48 billion. During the same quarter last year, the firm posted $1.80 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current year.

Macy’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued a $0.1915 dividend. This is an increase from Macy’s’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.77 annualized dividend and a yield of 4.2%. Macy’s’s payout ratio is 33.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on M shares. Wall Street Zen cut Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $20.00 target price on shares of Macy’s in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. JPMorgan Chase & Co. lowered their target price on Macy’s from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $22.00 target price on shares of Macy’s in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $18.90.

Insider Transactions at Macy’s

In other Macy’s news, CEO Olivier Bron sold 7,228 shares of Macy’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $129,525.76. Following the completion of the transaction, the chief executive officer owned 21,590 shares of the company’s stock, valued at $386,892.80. The trade was a 25.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Danielle L. Kirgan sold 10,010 shares of Macy’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the transaction, the executive vice president directly owned 108,008 shares of the company’s stock, valued at $1,935,503.36. The trade was a 8.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 94,967 shares of company stock worth $1,705,276. Insiders own 1.09% of the company’s stock.

Key Macy’s News

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s reported an earnings and revenue beat for the March quarter (EPS $1.67 vs. $1.55 est.; revenue $7.92B vs. $7.48B est.), which supports near-term upside and helped lift the stock. MarketBeat – Macy’s
• Positive Sentiment: The company recently raised its quarterly dividend (paid April 1), increasing annualized payout and boosting yield (~4.2%), a shareholder-friendly move that can support the stock’s appeal to income investors. Dividend disclosure (MarketBeat)
• Neutral Sentiment: Multiple insiders sold shares on April 6 (CEO Antony Spring sold 50,044 shares; several other executives also sold smaller blocks). Company disclosures say the sales were to cover tax withholding tied to vested awards, which typically makes these Form 4 sales neutral from a governance perspective. InsiderTrades – insider sale alert
• Negative Sentiment: Analyst coverage is mixed-to-weak: several price targets have been cut and the consensus rating skews toward “Reduce” with an average target near $18.90 — that limits upside unless fundamentals or guidance improve. Analyst notes (MarketBeat)
• Negative Sentiment: Technically, the stock is trading below its 50- and 200-day moving averages, which can attract short-term selling pressure from momentum and quant funds. Market data (MarketBeat)

About Macy’s

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.