Quantbot Technologies LP Takes Position in Macy's, Inc. (NYSE:M)

Quantbot Technologies LP acquired a new position in shares of Macy's, Inc. (NYSE:M - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 34,367 shares of the company's stock, valued at approximately $582,000.

Several other large investors also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC acquired a new stake in shares of Macy's during the fourth quarter worth approximately $34,000. Quest Partners LLC purchased a new stake in Macy's in the 3rd quarter worth approximately $35,000. Jones Financial Companies Lllp boosted its stake in shares of Macy's by 82.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,149 shares of the company's stock valued at $36,000 after buying an additional 969 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Macy's during the 4th quarter valued at $38,000. Finally, Tompkins Financial Corp acquired a new position in shares of Macy's in the fourth quarter worth $102,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Gordon Haskett downgraded Macy's from an "accumulate" rating to a "hold" rating in a research note on Thursday, March 6th. Benchmark raised Macy's to a "strong-buy" rating in a research note on Monday, February 3rd. Cowen reaffirmed a "hold" rating on shares of Macy's in a research report on Friday, March 7th. Telsey Advisory Group set a $15.00 target price on shares of Macy's in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered shares of Macy's from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $19.00 to $14.00 in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Macy's currently has an average rating of "Hold" and an average target price of $15.30.

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Macy's Price Performance

Shares of Macy's stock traded up $0.31 during trading on Tuesday, hitting $12.87. 7,149,490 shares of the company's stock traded hands, compared to its average volume of 6,070,622. Macy's, Inc. has a twelve month low of $12.48 and a twelve month high of $20.70. The company has a market cap of $3.57 billion, a PE ratio of 21.81 and a beta of 2.07. The firm's fifty day moving average price is $14.32 and its 200 day moving average price is $15.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.25. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The firm had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.76 billion. Analysts forecast that Macy's, Inc. will post 2.39 earnings per share for the current year.

Macy's Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.1824 per share. The ex-dividend date is Friday, March 14th. This is a boost from Macy's's previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 5.67%. Macy's's dividend payout ratio is 35.44%.

Insider Activity at Macy's

In other news, EVP Tracy M. Preston sold 2,780 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $12.68, for a total value of $35,250.40. Following the sale, the executive vice president now directly owns 4,723 shares in the company, valued at approximately $59,887.64. This trade represents a 37.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Adrian V. Mitchell sold 3,489 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total value of $47,938.86. Following the completion of the transaction, the executive vice president now owns 116,165 shares of the company's stock, valued at $1,596,107.10. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,751 shares of company stock valued at $537,790. 2.77% of the stock is owned by corporate insiders.

Macy's Company 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.