Mitsubishi UFJ Trust & Banking Corp Sells 85,870 Shares of Macy’s, Inc. $M

Mitsubishi UFJ Trust & Banking Corp reduced its position in Macy’s, Inc. (NYSE:M) by 10.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 759,398 shares of the company’s stock after selling 85,870 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.28% of Macy’s worth $13,616,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ethic Inc. boosted its holdings in Macy’s by 5.5% in 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 last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Macy’s by 3.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company’s stock valued at $307,000 after purchasing an additional 907 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in shares of Macy’s by 3.2% in the 2nd 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. grew its position in shares of Macy’s by 4.5% during the 2nd quarter. Raymond James Financial Inc. now owns 23,949 shares of the company’s stock worth $279,000 after buying an additional 1,040 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Macy’s by 28.7% during the second quarter. Fifth Third Bancorp now owns 4,876 shares of the company’s stock worth $57,000 after buying an additional 1,087 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

M has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Macy’s in a research note on Wednesday, January 14th. They issued a “buy” rating and a $27.00 price objective on the stock. 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 report on Thursday, December 4th. UBS Group set a $21.00 price objective on Macy’s in a research note on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Macy’s in a research note on Monday, December 29th. Finally, Morgan Stanley boosted their target price on Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.50.

Insiders Place Their Bets

In other Macy’s news, EVP Danielle L. Kirgan sold 85,000 shares of Macy’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $23.92, for a total value of $2,033,200.00. Following the transaction, the executive vice president owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. The trade was a 62.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.77% of the company’s stock.

Macy’s Stock Performance

M stock opened at $20.38 on Wednesday. Macy’s, Inc. has a 1-year low of $9.76 and a 1-year high of $24.41. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56. The firm has a market cap of $5.42 billion, a PE ratio of 12.06 and a beta of 1.43. The business’s 50-day moving average price is $22.15 and its two-hundred day moving average price is $18.23.

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

Macy’s Profile

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.