Macy’s, Inc. $M Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP trimmed its holdings in shares of Macy’s, Inc. (NYSE:M) by 1.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,788,791 shares of the company’s stock after selling 154,053 shares during the quarter. Macy’s accounts for approximately 7.4% of RWC Asset Management LLP’s investment portfolio, making the stock its biggest holding. RWC Asset Management LLP’s holdings in Macy’s were worth $200,121,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Quadrant Capital Group LLC grew its position in shares of Macy’s by 1.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,035 shares of the company’s stock worth $865,000 after buying an additional 461 shares during the period. Versant Capital Management Inc increased its stake in shares of Macy’s by 11.2% in the 2nd quarter. Versant Capital Management Inc now owns 4,783 shares of the company’s stock valued at $113,000 after acquiring an additional 483 shares in the last quarter. Allworth Financial LP lifted its position in shares of Macy’s by 37.0% during the 2nd quarter. Allworth Financial LP now owns 2,270 shares of the company’s stock valued at $53,000 after acquiring an additional 613 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Macy’s by 48.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,939 shares of the company’s stock valued at $44,000 after acquiring an additional 632 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Macy’s by 7.4% during the second quarter. GAMMA Investing LLC now owns 9,665 shares of the company’s stock worth $228,000 after acquiring an additional 664 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BTIG Research restated a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. Wall Street Zen downgraded shares of Macy’s from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. UBS Group reiterated a “sell” rating on shares of Macy’s in a report on Thursday, September 17th. Weiss Ratings raised shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Citigroup raised their target price on Macy’s from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.78.

Macy’s Stock Down 0.3%

Shares of NYSE M traded down $0.07 during midday trading on Friday, hitting $24.10. 4,306,382 shares of the stock traded hands, compared to its average volume of 6,834,275. The company has a market cap of $6.29 billion, a PE ratio of 8.83 and a beta of 1.44. Macy’s, Inc. has a one year low of $16.69 and a one year high of $26.58. The business has a 50 day moving average price of $22.71 and a two-hundred day moving average price of $22.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 1.59.

Macy’s (NYSE:M) last issued its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. Macy’s’s revenue for the quarter was up 1.1% on a year-over-year basis. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. On average, equities analysts predict that Macy’s, Inc. will post 2.32 EPS for the current year.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.1915 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.77 annualized dividend and a yield of 3.2%. Macy’s’s dividend payout ratio is presently 28.21%.

Macy’s Company Profile

Macy’s, Inc (NYSE: M) is an American omnichannel retailer that operates department stores and e-commerce businesses. Its merchandise includes apparel, accessories, beauty products, fragrances, home furnishings, jewelry, and other consumer goods.

The company operates through three primary retail brands: Macy’s, Bloomingdale’s, and Bluemercury. Macy’s serves a broad customer base with fashion, beauty, and home products, while Bloomingdale’s focuses on premium and luxury merchandise. Bluemercury operates specialty beauty stores and provides skincare, cosmetics, and related services.

Founded in 1858 by Rowland Hussey Macy, the company has grown into one of the best-known department-store retailers in the United States.