Why is Macy's an attractive investment for Berkshire?

Because the stock appears undervalued, and Macy's has valuable real estate assets and a strong brand.

Did Berkshire issue a statement about the purchase?

No, Berkshire has not issued an official statement.

What risks does Macy's face?

Macy's faces challenges from inflation and changing consumer habits.

Berkshire's Greg Abel Buys 3 Million Macy's Shares

Greg Abel, vice chairman of Berkshire Hathaway, purchased 3 million shares of Macy's. The stock appears cheap, but is it a great value?

June 25, 2026

2 min read

Source: Motley Fool

Key Numbers

shares bought

3 million

company

Macy's

Reports indicate that Greg Abel, vice chairman of Berkshire Hathaway (BRK-B), has purchased 3 million shares of Macy's (M). The move comes as retail stocks appear undervalued, raising questions about investment opportunities in the sector.

Deal Details

According to financial sources, Abel bought the shares at an average price between $15 and $20 per share, totaling approximately $50 million. Berkshire has not issued an official statement.

Why Macy's?

Macy's possesses several attributes attractive to value investors like Berkshire: a low price-to-earnings ratio, valuable real estate assets, and a strong brand. The company is also working on operational improvements and debt reduction.

Context

This investment comes amid challenges for the retail sector due to inflation and changing consumer habits. However, Macy's has maintained stable dividend payments.

What It Means for Investors

Abel's purchase may signal confidence in Macy's recovery, but investors should consider sector risks. Monitoring the company's performance in upcoming quarters is advised.

Frequently Asked Questions

He bought 3 million shares of Macy's.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.