Pacer Advisors Inc. Acquires 543,867 Shares of Macy’s, Inc. $M

Pacer Advisors Inc. increased its holdings in shares of Macy’s, Inc. (NYSE:M) by 40.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,881,348 shares of the company’s stock after buying an additional 543,867 shares during the period. Pacer Advisors Inc.’s holdings in Macy’s were worth $34,034,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC acquired a new position in Macy’s in the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of Macy’s during the fourth quarter worth $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Macy’s by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after purchasing an additional 526 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Macy’s by 35.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after purchasing an additional 486 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Macy’s in the fourth quarter worth $54,000. 87.36% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Paul Griscom sold 10,077 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the sale, the senior vice president owned 25,373 shares in the company, valued at $650,309.99. This represents a 28.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total value of $408,668.91. Following the sale, the executive vice president directly owned 20,000 shares of the company’s stock, valued at $497,800. This represents a 45.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.05% of the company’s stock.

Macy’s Trading Up 4.6%

NYSE:M opened at $25.97 on Tuesday. Macy’s, Inc. has a 52 week low of $11.77 and a 52 week high of $26.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. The firm’s fifty day moving average is $23.63 and its 200-day moving average is $21.05. The firm has a market cap of $6.83 billion, a P/E ratio of 10.73 and a beta of 1.47.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. Macy’s’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. 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. Equities analysts expect that Macy’s, Inc. will post 2.19 earnings per share for the current year.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.1915 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 2.9%. Macy’s’s dividend payout ratio (DPR) is 31.82%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on M. TD Cowen raised their target price on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, June 22nd. Wall Street Zen lowered Macy’s from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Morgan Stanley reissued an “overweight” rating and issued a $30.00 price target on shares of Macy’s in a research note on Monday, July 6th. JPMorgan Chase & Co. raised their price objective on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Finally, Citigroup raised their price objective on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Macy’s currently has a consensus rating of “Hold” and an average price target of $21.70.

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.