State of Alaska Department of Revenue Has $2.14 Million Holdings in Macy’s, Inc. $M

State of Alaska Department of Revenue lessened its holdings in shares of Macy’s, Inc. (NYSE:M) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,401 shares of the company’s stock after selling 1,110 shares during the quarter. State of Alaska Department of Revenue’s holdings in Macy’s were worth $2,138,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in shares of Macy’s by 173.9% during the first quarter. Hsbc Holdings PLC now owns 85,939 shares of the company’s stock worth $1,087,000 after acquiring an additional 54,558 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Macy’s during the first quarter worth approximately $720,000. GAMMA Investing LLC boosted its holdings in shares of Macy’s by 1,188.7% during the first quarter. GAMMA Investing LLC now owns 44,086 shares of the company’s stock worth $554,000 after acquiring an additional 40,665 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Macy’s during the first quarter worth approximately $304,000. Finally, Voya Investment Management LLC boosted its holdings in shares of Macy’s by 17.8% during the first quarter. Voya Investment Management LLC now owns 363,841 shares of the company’s stock worth $4,570,000 after acquiring an additional 54,880 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Buying and Selling at Macy’s

In other Macy’s news, SVP Paul Griscom sold 12,843 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $17.26, for a total transaction of $221,670.18. Following the completion of the sale, the senior vice president directly owned 23,379 shares in the company, valued at $403,521.54. This represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Danielle L. Kirgan sold 100,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 136,161 shares of the company’s stock, valued at $2,416,857.75. The trade was a 42.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 212,843 shares of company stock valued at $3,726,670 over the last 90 days. Corporate insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Macy’s from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, September 4th. UBS Group boosted their price objective on Macy’s from $6.00 to $6.50 and gave the stock a “sell” rating in a report on Thursday, September 4th. JPMorgan Chase & Co. boosted their price objective on Macy’s from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Jefferies Financial Group boosted their price objective on Macy’s from $14.50 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Morgan Stanley boosted their price objective on Macy’s from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.25.

Macy’s Trading Up 1.2%

Shares of M stock opened at $18.18 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.55. The stock has a market cap of $4.88 billion, a P/E ratio of 10.39 and a beta of 1.78. The stock has a 50 day simple moving average of $14.89 and a 200 day simple moving average of $12.94. Macy’s, Inc. has a 1 year low of $9.76 and a 1 year high of $18.30.

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

Macy’s Dividend Announcement

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

Macy’s Profile

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.