Douglas Lane & Associates LLC Lowers Holdings in Macy’s, Inc. $M

Douglas Lane & Associates LLC decreased its position in Macy’s, Inc. (NYSE:M) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,184,860 shares of the company’s stock after selling 23,114 shares during the period. Douglas Lane & Associates LLC owned about 0.45% of Macy’s worth $26,979,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Macy’s by 23.4% in the 1st quarter. Bank of America Corp DE now owns 978,206 shares of the company’s stock worth $17,696,000 after buying an additional 185,678 shares in the last quarter. Royal Bank of Canada boosted its stake in Macy’s by 149.3% in the 1st quarter. Royal Bank of Canada now owns 175,506 shares of the company’s stock valued at $3,175,000 after buying an additional 105,117 shares in the last quarter. Amundi grew its position in Macy’s by 375.7% in the first quarter. Amundi now owns 230,041 shares of the company’s stock valued at $4,161,000 after acquiring an additional 181,684 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Macy’s by 81.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock worth $104,266,000 after acquiring an additional 2,594,549 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Macy’s during the second quarter worth $32,562,000. Institutional investors own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on M shares. Weiss Ratings lowered shares of Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. TD Cowen reaffirmed a “hold” rating on shares of Macy’s in a research note on Monday, September 14th. Zacks Research lowered shares of Macy’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. UBS Group reissued a “sell” rating on shares of Macy’s in a report on Thursday, September 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $30.00 price target on shares of Macy’s in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.78.

Macy’s Trading Down 0.1%

NYSE:M traded down $0.02 during trading hours on Friday, hitting $22.77. 2,248,533 shares of the stock were exchanged, compared to its average volume of 6,459,041. The company has a market capitalization of $5.95 billion, a P/E ratio of 8.35 and a beta of 1.44. Macy’s, Inc. has a twelve month low of $16.41 and a twelve month high of $26.58. The company has a quick ratio of 0.48, a current ratio of 1.59 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $23.02 and its two-hundred day moving average is $21.97.

Macy’s (NYSE:M) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%.The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. 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, sell-side analysts anticipate that Macy’s, Inc. will post 2.34 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, September 15th. Macy’s’s dividend payout ratio is currently 28.21%.

Macy’s Profile

Macy’s, Inc (NYSE:M) is an American omnichannel retailer that sells apparel, accessories, beauty products, home furnishings, jewelry, and other consumer merchandise through department stores, specialty stores, and digital platforms. Its principal brands include Macy’s, Bloomingdale’s, and Bluemercury, a beauty retailer offering cosmetics, skincare, fragrance, and related services.

The company serves customers primarily in the United States through its stores and e-commerce operations. Macy’s offers a mix of national and private-brand merchandise, while Bloomingdale’s focuses on premium and luxury products and Bluemercury operates beauty stores and in-store beauty shops.