Factorial Partners LLC raised its holdings in shares of Macy's, Inc. (NYSE:M - Free Report) by 61.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,000 shares of the company's stock after acquiring an additional 42,000 shares during the quarter. Factorial Partners LLC's holdings in Macy's were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of the business. Barington Capital Group L.P. increased its holdings in Macy's by 550.0% in the 3rd quarter. Barington Capital Group L.P. now owns 650,000 shares of the company's stock worth $10,198,000 after acquiring an additional 550,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Macy's by 14.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,314,572 shares of the company's stock worth $56,116,000 after purchasing an additional 419,261 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Macy's by 13.3% in the fourth quarter. Allianz Asset Management GmbH now owns 3,512,142 shares of the company's stock worth $59,461,000 after purchasing an additional 411,412 shares in the last quarter. Lind Value II ApS bought a new stake in shares of Macy's during the 4th quarter valued at $6,733,000. Finally, Retirement Systems of Alabama raised its position in shares of Macy's by 57.9% during the 3rd quarter. Retirement Systems of Alabama now owns 782,391 shares of the company's stock valued at $12,276,000 after purchasing an additional 286,879 shares during the period. Hedge funds and other institutional investors own 87.36% of the company's stock.
Analyst Upgrades and Downgrades
M has been the subject of a number of research analyst reports. Gordon Haskett lowered shares of Macy's from a "buy" rating to an "accumulate" rating in a report on Thursday, February 13th. StockNews.com raised shares of Macy's from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. UBS Group reduced their price target on shares of Macy's from $10.00 to $9.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Guggenheim reissued a "neutral" rating on shares of Macy's in a report on Thursday, December 12th. Finally, Benchmark raised Macy's to a "strong-buy" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Macy's has a consensus rating of "Hold" and an average price target of $17.14.
Read Our Latest Stock Analysis on M
Macy's Price Performance
Shares of NYSE M traded down $0.01 during mid-day trading on Wednesday, hitting $13.35. 11,984,263 shares of the company's stock traded hands, compared to its average volume of 6,710,459. The company has a market capitalization of $3.71 billion, a P/E ratio of 22.62 and a beta of 2.05. Macy's, Inc. has a 1 year low of $13.12 and a 1 year high of $22.10. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. The company's 50-day moving average is $15.26 and its two-hundred day moving average is $15.53.
Macy's (NYSE:M - Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.74 billion. Macy's had a net margin of 0.73% and a return on equity of 21.99%. Macy's's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 earnings per share. On average, equities analysts anticipate that Macy's, Inc. will post 2.39 EPS for the current fiscal year.
Macy's Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.1824 per share. This is a boost from Macy's's previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a $0.73 dividend on an annualized basis and a yield of 5.47%. Macy's's payout ratio is 116.95%.
About Macy's
(
Free Report)
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.
See Also
Before you consider Macy's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Macy's wasn't on the list.
While Macy's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
