Macy’s, Inc. $M Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in Macy’s, Inc. (NYSE:M) by 39.3% in the first quarter, Holdings Channel reports. The institutional investor owned 232,955 shares of the company’s stock after selling 150,992 shares during the quarter. Hsbc Holdings PLC’s holdings in Macy’s were worth $4,228,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kingsview Wealth Management LLC purchased a new position in Macy’s in the 4th quarter valued at $3,524,000. Artemis Investment Management LLP purchased a new stake in shares of Macy’s during the fourth quarter worth $2,752,000. Intech Investment Management LLC grew its holdings in shares of Macy’s by 540.1% during the fourth quarter. Intech Investment Management LLC now owns 125,154 shares of the company’s stock worth $2,760,000 after buying an additional 105,601 shares in the last quarter. Private Advisory Group LLC acquired a new stake in shares of Macy’s in the fourth quarter valued at about $1,396,000. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Macy’s in the fourth quarter valued at about $30,722,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. TD Cowen raised their target price 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. Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings upgraded Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Wall Street Zen raised Macy’s from a “buy” rating to a “strong-buy” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.70.

Insider Activity at Macy’s

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the transaction, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the business’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 owned 25,373 shares of the company’s stock, valued at approximately $650,309.99. This represents a 28.43% decrease in their position. The SEC filing for this sale provides additional information. 1.05% of the stock is currently owned by insiders.

Macy’s Price Performance

M opened at $23.33 on Friday. The stock’s 50-day moving average price is $23.02 and its 200 day moving average price is $20.96. Macy’s, Inc. has a 12-month low of $11.77 and a 12-month high of $26.10. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 9.64 and a beta of 1.46. The company has a current ratio of 1.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.50.

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

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a dividend of $0.1915 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.3%. Macy’s’s dividend payout ratio (DPR) is presently 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.