Fifth Third Bancorp Buys 1,087 Shares of Macy’s, Inc. $M

Fifth Third Bancorp lifted its position in Macy’s, Inc. (NYSE:M) by 28.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,876 shares of the company’s stock after purchasing an additional 1,087 shares during the period. Fifth Third Bancorp’s holdings in Macy’s were worth $57,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in M. GAMMA Investing LLC grew its stake in shares of Macy’s by 116.2% in the second quarter. GAMMA Investing LLC now owns 7,590 shares of the company’s stock worth $88,000 after purchasing an additional 4,080 shares during the last quarter. UMB Bank n.a. boosted its holdings in Macy’s by 523.0% in the second quarter. UMB Bank n.a. now owns 3,171 shares of the company’s stock valued at $37,000 after acquiring an additional 2,662 shares in the last quarter. Range Financial Group LLC boosted its holdings in Macy’s by 17.1% in the second quarter. Range Financial Group LLC now owns 19,742 shares of the company’s stock valued at $230,000 after acquiring an additional 2,882 shares in the last quarter. Parallel Advisors LLC boosted its position in Macy’s by 147.8% during the 2nd quarter. Parallel Advisors LLC now owns 8,332 shares of the company’s stock valued at $97,000 after acquiring an additional 4,970 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in Macy’s by 17.8% during the 1st quarter. Voya Investment Management LLC now owns 363,841 shares of the company’s stock valued at $4,570,000 after acquiring an additional 54,880 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Price Performance

NYSE M opened at $18.18 on Friday. Macy’s, Inc. has a 12 month low of $9.76 and a 12 month high of $18.30. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 10.39 and a beta of 1.78. The company’s 50 day moving average is $14.89 and its two-hundred day moving average is $12.94. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55.

Macy’s (NYSE:M) last released its earnings results on Wednesday, September 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.22. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.69 billion. Macy’s had a net margin of 2.18% and a return on equity of 15.39%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. Macy’s has set its Q3 2025 guidance at -0.200–0.150 EPS. FY 2025 guidance at 1.700-2.050 EPS. As a group, research analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a dividend of $0.1824 per share. The ex-dividend date was Monday, September 15th. This represents a $0.73 annualized dividend and a dividend yield of 4.0%. Macy’s’s dividend payout ratio (DPR) is presently 41.71%.

Insider Activity at Macy’s

In other news, SVP Paul Griscom sold 12,843 shares of Macy’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $17.26, for a total value of $221,670.18. Following the sale, the senior vice president directly owned 23,379 shares of the company’s stock, valued at approximately $403,521.54. The trade was a 35.46% 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. Also, EVP Danielle L. Kirgan sold 100,000 shares of Macy’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $17.75, for a total value of $1,775,000.00. Following the completion of the sale, the executive vice president directly owned 136,161 shares in the company, valued at $2,416,857.75. This trade represents a 42.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 212,843 shares of company stock worth $3,726,670. Company insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

M has been the topic of several research reports. Zacks Research raised Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Jefferies Financial Group boosted their target price on shares of Macy’s from $14.50 to $18.50 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Barclays boosted their target price on shares of Macy’s from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, September 4th. Telsey Advisory Group restated a “market perform” rating and set a $17.00 target price (up previously from $14.00) on shares of Macy’s in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Macy’s from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.25.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.