Y Intercept Hong Kong Ltd Buys Shares of 184,435 Macy’s, Inc. $M

Y Intercept Hong Kong Ltd purchased a new position in shares of Macy’s, Inc. (NYSE:M) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 184,435 shares of the company’s stock, valued at approximately $3,307,000. Y Intercept Hong Kong Ltd owned about 0.07% of Macy’s at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in M. Ethic Inc. raised its holdings in Macy’s by 5.5% during the third quarter. Ethic Inc. now owns 16,825 shares of the company’s stock valued at $302,000 after acquiring an additional 883 shares during the period. PNC Financial Services Group Inc. increased its position in Macy’s by 3.6% in the second quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company’s stock worth $307,000 after purchasing an additional 907 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in Macy’s by 3.2% during the second quarter. Horizon Kinetics Asset Management LLC now owns 32,500 shares of the company’s stock valued at $379,000 after purchasing an additional 1,000 shares during the last quarter. Raymond James Financial Inc. increased its stake in Macy’s by 4.5% during the second quarter. Raymond James Financial Inc. now owns 23,949 shares of the company’s stock worth $279,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Macy’s by 28.7% during the second quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock valued at $57,000 after purchasing an additional 1,087 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Trading Up 0.7%

Shares of M opened at $20.47 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.18 and a current ratio of 1.25. The company has a market capitalization of $5.44 billion, a P/E ratio of 12.11 and a beta of 1.43. The stock has a 50-day moving average price of $22.13 and a 200 day moving average price of $18.17. Macy’s, Inc. has a one year low of $9.76 and a one year high of $24.41.

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

Insider Transactions at Macy’s

In other Macy’s news, EVP Danielle L. Kirgan sold 85,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $23.92, for a total value of $2,033,200.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on M. Morgan Stanley boosted their target price on Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. Guggenheim initiated coverage on shares of Macy’s in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. BTIG Research began coverage on shares of Macy’s in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. UBS Group set a $21.00 target price on Macy’s in a research note on Thursday, December 4th. Finally, Telsey Advisory Group raised their price target on Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.