Quantinno Capital Management LP Lowers Stock Position in Macy’s, Inc. $M

Quantinno Capital Management LP trimmed its position in shares of Macy’s, Inc. (NYSE:M) by 39.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 878,567 shares of the company’s stock after selling 567,359 shares during the period. Quantinno Capital Management LP’s holdings in Macy’s were worth $15,893,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in M. Lazard Asset Management LLC boosted its holdings in Macy’s by 38.3% in the first quarter. Lazard Asset Management LLC now owns 60,196 shares of the company’s stock valued at $1,089,000 after acquiring an additional 16,663 shares during the last quarter. Entropy Technologies LP acquired a new stake in Macy’s during the first quarter worth about $1,737,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Macy’s during the first quarter worth about $23,314,000. Hilltop Holdings Inc. purchased a new position in shares of Macy’s in the 1st quarter worth about $186,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Macy’s by 81.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock worth $104,266,000 after purchasing an additional 2,594,549 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Trading Down 0.1%

NYSE:M opened at $24.78 on Monday. The business’s 50-day moving average is $23.53 and its two-hundred day moving average is $21.02. The firm has a market capitalization of $6.52 billion, a PE ratio of 10.24 and a beta of 1.47. Macy’s, Inc. has a 12 month low of $11.77 and a 12 month high of $26.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44.

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

Macy’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, June 15th. Macy’s’s dividend payout ratio is currently 31.82%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research upgraded Macy’s from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised their price target on shares of Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $30.00 price target on shares of Macy’s in a research report on Monday, July 6th. TD Cowen boosted their price objective on shares of Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings upgraded shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.70.

Insider Buying and Selling

In other news, SVP Paul Griscom sold 10,077 shares of Macy’s stock in a transaction that occurred on Thursday, June 25th. The shares were 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 trade represents a 28.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at $497,800. This trade represents a 45.08% decrease in their ownership of the stock. 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. 1.05% of the stock is owned by corporate insiders.

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.