Macy’s, Inc. $M Stock Holdings Boosted by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its position in Macy’s, Inc. (NYSE:M) by 219.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,307 shares of the company’s stock after buying an additional 37,303 shares during the period. GSA Capital Partners LLP’s holdings in Macy’s were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of M. RWC Asset Management LLP grew its holdings in Macy’s by 2.4% during the third quarter. RWC Asset Management LLP now owns 10,902,310 shares of the company’s stock worth $195,478,000 after acquiring an additional 255,473 shares during the period. American Century Companies Inc. grew its stake in shares of Macy’s by 16.0% in the 2nd quarter. American Century Companies Inc. now owns 10,094,564 shares of the company’s stock worth $117,703,000 after purchasing an additional 1,395,030 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Macy’s by 104.5% in the 2nd quarter. Schroder Investment Management Group now owns 9,627,790 shares of the company’s stock worth $112,260,000 after purchasing an additional 4,920,821 shares in the last quarter. State Street Corp lifted its stake in Macy’s by 0.5% during the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock valued at $111,547,000 after purchasing an additional 45,997 shares during the last quarter. Finally, Cooper Creek Partners Management LLC grew its position in Macy’s by 13.4% in the second quarter. Cooper Creek Partners Management LLC now owns 7,395,091 shares of the company’s stock worth $86,227,000 after buying an additional 876,606 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Activity

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the business’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 value of $2,033,200.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on M shares. Morgan Stanley lifted their target price on Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, December 5th. Jefferies Financial Group initiated coverage on Macy’s in a research note on Wednesday, January 14th. They issued a “buy” rating and a $27.00 price target on the stock. Telsey Advisory Group raised their target price on shares of Macy’s from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. TD Cowen reissued a “hold” rating on shares of Macy’s in a research report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $20.50.

Macy’s Trading Down 3.4%

Shares of NYSE:M opened at $22.01 on Friday. Macy’s, Inc. has a 12-month low of $9.76 and a 12-month 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 firm has a market capitalization of $5.85 billion, a P/E ratio of 13.02 and a beta of 1.50. The firm has a fifty day moving average of $21.98 and a two-hundred day moving average of $19.19.

Macy’s (NYSE:M) last announced its quarterly earnings data 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 business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the company earned $0.04 earnings per share. Macy’s’s quarterly revenue was down .6% compared to the same quarter last year. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. On average, equities analysts expect that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

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.