Hsbc Holdings PLC Grows Position in Macy’s, Inc. $M

Hsbc Holdings PLC raised its holdings in Macy’s, Inc. (NYSE:M) by 112.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 383,947 shares of the company’s stock after acquiring an additional 202,906 shares during the quarter. Hsbc Holdings PLC’s holdings in Macy’s were worth $8,442,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Macy’s by 1,859.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,337,481 shares of the company’s stock valued at $29,491,000 after buying an additional 1,269,211 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in shares of Macy’s during the 4th quarter worth approximately $271,000. Corient Private Wealth LLC boosted its stake in shares of Macy’s by 58.8% during the 4th quarter. Corient Private Wealth LLC now owns 305,516 shares of the company’s stock worth $6,737,000 after acquiring an additional 113,132 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Macy’s by 420.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 66,243 shares of the company’s stock worth $1,461,000 after acquiring an additional 53,512 shares during the period. Finally, Vident Advisory LLC purchased a new position in Macy’s in the 4th quarter valued at approximately $231,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

M has been the subject of several research reports. Citigroup lifted their price objective on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. UBS Group restated a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. JPMorgan Chase & Co. lifted their price target on Macy’s from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Telsey Advisory Group boosted their price objective on shares of Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. Finally, TD Cowen increased their price objective on shares of Macy’s from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $20.80.

Insider Activity

In other Macy’s 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 value of $258,273.51. Following the completion of the sale, the senior vice president directly owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. The trade was a 28.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Danielle L. Kirgan sold 10,010 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the completion of the transaction, the executive vice president owned 108,008 shares of the company’s stock, valued at $1,935,503.36. This trade represents a 8.48% decrease in their ownership of the stock. 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. Insiders have sold 121,463 shares of company stock valued at $2,372,218 in the last 90 days. Insiders own 1.05% of the company’s stock.

Macy’s Trading Up 1.0%

Shares of M stock opened at $25.97 on Friday. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 10.73 and a beta of 1.48. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $21.41 and a 200 day moving average price of $20.88. Macy’s, Inc. has a twelve month low of $11.15 and a twelve month high of $26.10.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company 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. Research analysts forecast that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.1915 per share. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.0%. Macy’s’s dividend payout ratio (DPR) is 31.82%.

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.