Short Interest in Macy’s, Inc. (NYSE:M) Expands By 23.5%

Macy’s, Inc. (NYSE:M) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 26,027,988 shares, a growth of 23.5% from the January 15th total of 21,083,507 shares. Currently, 10.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,762,143 shares, the short-interest ratio is currently 4.5 days. Based on an average daily trading volume, of 5,762,143 shares, the short-interest ratio is currently 4.5 days. Currently, 10.1% of the shares of the stock are short sold.

Macy’s Price Performance

NYSE:M opened at $21.61 on Tuesday. Macy’s has a 52 week low of $9.76 and a 52 week high of $24.41. The company has a quick ratio of 0.18, a current ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $5.74 billion, a P/E ratio of 12.78 and a beta of 1.50. The stock’s fifty day moving average is $22.04 and its two-hundred day moving average is $19.08.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.22. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Equities analysts expect that Macy’s will post 2.39 EPS for the current year.

Insider Activity at Macy’s

In other news, EVP Danielle L. Kirgan sold 85,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $23.92, for a total transaction of $2,033,200.00. Following the sale, the executive vice president directly owned 51,161 shares of the company’s stock, valued at $1,223,771.12. This represents a 62.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.77% of the company’s stock.

Hedge Funds Weigh In On Macy’s

Several large investors have recently made changes to their positions in M. Strengthening Families & Communities LLC acquired a new stake in Macy’s in the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Macy’s during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Macy’s during the third quarter worth $31,000. Smartleaf Asset Management LLC grew its stake in shares of Macy’s by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after buying an additional 526 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Macy’s by 41.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after buying an additional 592 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Guggenheim began coverage on Macy’s in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Morgan Stanley lifted their price objective on Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Zacks Research lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Jefferies Financial Group began coverage on shares of Macy’s in a research report on Wednesday, January 14th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Telsey Advisory Group boosted their price target on shares of Macy’s from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Macy’s currently has an average rating of “Reduce” and an average target price of $20.50.

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.