Norges Bank Invests $85.02 Million in Macy’s, Inc. $M

Norges Bank purchased a new position in shares of Macy’s, Inc. (NYSE:M) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,855,764 shares of the company’s stock, valued at approximately $85,020,000.

A number of other hedge funds have also recently made changes to their positions in M. Strengthening Families & Communities LLC purchased a new stake in shares of Macy’s during the 4th quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in shares of Macy’s in the fourth quarter worth about $29,000. Bessemer Group Inc. raised its stake in shares of Macy’s by 41.4% in the third 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 last quarter. Hantz Financial Services Inc. raised its stake in shares of Macy’s by 101.1% in the third 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 last quarter. Finally, CoreCap Advisors LLC grew its holdings in Macy’s by 7,265.6% during the fourth quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after acquiring an additional 2,325 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Macy’s

In related news, EVP Tracy M. Preston sold 5,271 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $94,456.32. Following the sale, the executive vice president owned 28,773 shares in the company, valued at $515,612.16. This represents a 15.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Olivier Bron sold 7,228 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $129,525.76. Following the sale, the chief executive officer owned 21,590 shares in the company, valued at approximately $386,892.80. This trade represents a 25.08% 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 90 days, insiders have sold 94,967 shares of company stock worth $1,705,276. 1.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on M. UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday. JPMorgan Chase & Co. raised their target price on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 price objective on shares of Macy’s in a research report on Wednesday, March 18th. Finally, Citigroup lifted their target price on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $20.30.

Macy’s News Summary

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

• Positive Sentiment: Macy’s reported earnings that topped estimates across the board, with comps rising 3% year over year and management raising its full-year outlook, signaling that the turnaround strategy is working. Why Is Macy’s (M) Stock Rocketing Higher Today
• Positive Sentiment: JPMorgan and Telsey both raised their price targets on Macy’s, reflecting improved confidence in the company’s earnings power and recovery trajectory. Price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Traders bought significantly more call options than usual, a sign that some investors are positioning for additional upside after the earnings beat.
• Neutral Sentiment: Macy’s also announced it will participate in the Evercore Consumer and Retail Conference, which keeps the company in front of investors but does not materially change fundamentals. Macy’s, Inc. to Participate in 6th Annual Evercore Consumer and Retail Conference
• Neutral Sentiment: Coverage also highlighted Berkshire Hathaway’s new stake in Macy’s and broader interest in the retailer’s improving prospects, adding to the bullish narrative around the stock. Why Macy’s Stock Jumped 11% in May
• Negative Sentiment: The removal of Macy’s long-running Herald Square “shopping bag” billboard is a symbolic change, but it is more of a branding/cultural story than a direct financial driver. Macy’s 60-year-old ‘shopping bag’ billboard in Herald Square to be demolished

Macy’s Trading Down 3.7%

NYSE:M opened at $22.19 on Friday. The stock has a 50-day simple moving average of $19.62 and a 200-day simple moving average of $20.56. The stock has a market cap of $5.85 billion, a P/E ratio of 9.17 and a beta of 1.48. Macy’s, Inc. has a 1 year low of $10.54 and a 1 year high of $24.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.48.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. As a group, analysts anticipate that Macy’s, Inc. will post 2.13 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.1915 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.5%. Macy’s’s dividend payout ratio is currently 31.82%.

Macy’s Company 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.