Macy's, Inc.
boothcheck covers Macy's, Inc. (M) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
The one number that frames the whole thesis is the owned real estate. Macy's owns 243 of its roughly 665 stores, including the Herald Square flagship valued independently at $1 billion to $3 billion, an asset base that quietly underpins a $24.13 stock. The operating turn is real. Q1 2026 comparable sales rose 3.0%, the strongest first quarter in four years, with Bloomingdale's up 10.2% and Bluemercury up 6.4%, and management raised full-year guidance to $2.00 to $2.20 in adjusted EPS. The pric
Is M overvalued? See what's priced in →
461 institutional managers reported holding M in 13F filings for the quarter ended 2026-03-31. Together they hold about 91% of the company; the top 10 hold 50%. 55 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 35.2M shares were sold short as of the 2026-06-15 count, about 13% of shares outstanding (4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
M has cut its share count 15.4% over the past five years, spending $1.44B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 4 years straight; the current rate is $0.73 a share annually. Cash returned over the past three years: $575.00M in dividends and $308.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at M over the trailing three years. Absence is a fact about the company, not a signal. 6 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
M's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-03-25 | -5.9% | -15.3% |
| 2023-06-07 | +13.5% | -3.2% |
| 2023-08-26 | -14.5% | -3.3% |
| 2023-11-29 | +14.5% | +16.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
M's latest 8-K filings: 2026-06-03 (items 2.02, 9.01); 2026-05-18 (items 5.02, 5.07); 2026-03-26 (items 5.02); 2026-03-18 (items 2.02, 9.01); 2026-02-27 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.