Dimensional Fund Advisors LP Has $298.04 Million Stock Position in Macy’s, Inc. $M

23 Jul 2026, 07:41 by Kim Johansen · The Markets Daily

Dimensional Fund Advisors LP lifted its stake in Macy’s, Inc. (NYSE:M – Free Report) by 2.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 16,475,647 shares of the company’s stock after buying an additional 329,675 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Macy’s worth $298,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. California Public Employees Retirement System grew its position in Macy’s by 8.9% in the first quarter. California Public Employees Retirement System now owns 529,390 shares of the company’s stock valued at $9,577,000 after acquiring an additional 43,399 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Macy’s by 10.9% during the first quarter. Bank of New York Mellon Corp now owns 2,913,622 shares of the company’s stock valued at $52,707,000 after acquiring an additional 287,521 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Macy’s by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 593,836 shares of the company’s stock valued at $10,742,000 after purchasing an additional 16,177 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Macy’s in the 1st quarter valued at $84,000. Finally, Fifth Third Bancorp grew its holdings in shares of Macy’s by 4,636.2% in the 1st quarter. Fifth Third Bancorp now owns 206,309 shares of the company’s stock worth $3,732,000 after purchasing an additional 201,953 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Insider Activity at Macy’s

In other news, SVP Paul Griscom sold 10,077 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total value of $258,273.51. Following the sale, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. The trade was a 28.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the sale, the executive vice president directly owned 20,000 shares in the company, valued at $497,800. This trade represents a 45.08% 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. 1.05% of the stock is owned by corporate insiders.

Macy’s Price Performance

M opened at $24.33 on Thursday. The company’s 50 day simple moving average is $22.82 and its 200-day simple moving average is $20.94. The stock has a market capitalization of $6.40 billion, a P/E ratio of 10.05 and a beta of 1.46. Macy’s, Inc. has a one year low of $11.77 and a one year high of $26.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44.

Macy’s (NYSE:M – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Sell-side analysts anticipate that Macy’s, Inc. will post 2.19 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a $0.1915 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, June 15th. Macy’s’s dividend payout ratio is 31.82%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on M. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Macy’s in a research note on Wednesday, July 8th. Zacks Research raised Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Citigroup increased their price target on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. raised their price target on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Finally, Telsey Advisory Group lifted their price objective on Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.70.

Read Our Latest Stock Analysis on M

Macy’s Company Profile

(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.