Macy’s, Inc. $M Shares Sold by State of New Jersey Common Pension Fund D

07 May 2026, 05:25 by Renee Jackson · The Cerbat Gem

State of New Jersey Common Pension Fund D lessened its stake in shares of Macy’s, Inc. (NYSE:M – Free Report) by 32.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 110,551 shares of the company’s stock after selling 53,828 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Macy’s were worth $2,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of M. V Square Quantitative Management LLC acquired a new stake in shares of Macy’s during the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Macy’s during the 3rd quarter valued at $31,000. Bessemer Group Inc. lifted its position in shares of Macy’s by 41.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock valued at $37,000 after acquiring an additional 592 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Macy’s by 101.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after acquiring an additional 1,162 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Macy’s by 7,265.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after acquiring an additional 2,325 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Activity at Macy’s

In other news, EVP Danielle L. Kirgan sold 10,010 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the transaction, the executive vice president directly owned 108,008 shares of the company’s stock, valued at approximately $1,935,503.36. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Antony Spring sold 50,044 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $896,788.48. Following the completion of the transaction, the chief executive officer directly owned 485,791 shares in the company, valued at $8,705,374.72. This trade represents a 9.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 94,967 shares of company stock valued at $1,705,276. 1.05% of the stock is owned by insiders.

Macy’s Price Performance

M opened at $19.82 on Thursday. The stock has a fifty day moving average of $18.76 and a 200-day moving average of $20.44. The firm has a market capitalization of $5.23 billion, a P/E ratio of 8.54 and a beta of 1.47. Macy’s, Inc. has a 12-month low of $10.54 and a 12-month high of $24.41. The company has a quick ratio of 0.50, a current ratio of 1.49 and a debt-to-equity ratio of 0.50.

Macy’s (NYSE:M – Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.12. Macy’s had a net margin of 2.84% and a return on equity of 14.22%. The business had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.48 billion. During the same period in the prior year, the business posted $1.80 earnings per share. Macy’s’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts forecast that Macy’s, Inc. will post 2.09 EPS for the current fiscal year.

Macy’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Macy’s’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, March 13th. Macy’s’s dividend payout ratio (DPR) is currently 33.19%.

Analysts Set New Price Targets

M has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a report on Friday, March 27th. Wall Street Zen lowered Macy’s from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Zacks Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. JPMorgan Chase & Co. reduced their target price on Macy’s from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Finally, TD Cowen reduced their target price on Macy’s from $21.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Macy’s has an average rating of “Reduce” and an average price target of $18.90.

Read Our Latest Stock Analysis on M

About Macy’s

(Free Report)

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.