Qsemble Capital Management LP Sells 42,183 Shares of Macy's, Inc. (NYSE:M)

Qsemble Capital Management LP lowered its position in Macy's, Inc. (NYSE:M - Free Report) by 33.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,894 shares of the company's stock after selling 42,183 shares during the quarter. Qsemble Capital Management LP's holdings in Macy's were worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in M. American Century Companies Inc. grew its stake in Macy's by 18.9% in the 2nd quarter. American Century Companies Inc. now owns 4,704,854 shares of the company's stock valued at $90,333,000 after buying an additional 747,542 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Macy's by 4.2% in the second quarter. Texas Permanent School Fund Corp now owns 250,022 shares of the company's stock valued at $4,800,000 after buying an additional 10,156 shares during the period. United Services Automobile Association lifted its position in shares of Macy's by 4.8% in the second quarter. United Services Automobile Association now owns 22,038 shares of the company's stock worth $423,000 after purchasing an additional 1,012 shares in the last quarter. LSV Asset Management raised its position in shares of Macy's by 1.3% in the second quarter. LSV Asset Management now owns 5,374,167 shares of the company's stock valued at $103,184,000 after purchasing an additional 68,300 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Macy's by 1.9% in the second quarter. Arizona State Retirement System now owns 76,784 shares of the company's stock valued at $1,474,000 after acquiring an additional 1,462 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

M has been the subject of several research reports. TD Cowen lifted their price target on shares of Macy's from $20.00 to $21.00 and gave the company a "hold" rating in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of Macy's from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, May 22nd. Evercore ISI lowered their price objective on Macy's from $22.00 to $17.00 and set an "in-line" rating for the company in a research report on Tuesday, July 16th. Morgan Stanley decreased their price objective on shares of Macy's from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, August 22nd. Finally, StockNews.com initiated coverage on Macy's in a research report on Saturday, September 7th. They issued a "hold" rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.50.

Insider Buying and Selling at Macy's

In related news, EVP Danielle L. Kirgan sold 24,147 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $18.96, for a total value of $457,827.12. Following the completion of the sale, the executive vice president now directly owns 348,000 shares in the company, valued at approximately $6,598,080. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Antony Spring sold 18,981 shares of the firm's stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $18.96, for a total value of $359,879.76. Following the sale, the chief executive officer now owns 267,265 shares of the company's stock, valued at approximately $5,067,344.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Danielle L. Kirgan sold 24,147 shares of Macy's stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $18.96, for a total value of $457,827.12. Following the sale, the executive vice president now directly owns 348,000 shares in the company, valued at approximately $6,598,080. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,665 shares of company stock worth $842,372. Corporate insiders own 2.77% of the company's stock.

Macy's Price Performance

M traded up $0.31 on Friday, reaching $15.00. 6,092,822 shares of the company's stock were exchanged, compared to its average volume of 6,690,982. The stock's fifty day moving average price is $16.38 and its 200-day moving average price is $18.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 0.34. The stock has a market cap of $4.16 billion, a PE ratio of 489.67 and a beta of 2.11. Macy's, Inc. has a twelve month low of $10.54 and a twelve month high of $22.10.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, August 21st. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.23. Macy's had a return on equity of 23.14% and a net margin of 0.80%. The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the company earned $0.26 EPS. The business's quarterly revenue was down 3.8% on a year-over-year basis. Sell-side analysts expect that Macy's, Inc. will post 2.72 EPS for the current year.

Macy's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.1737 dividend. This represents a $0.69 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Friday, September 13th. Macy's's payout ratio is 2,300.00%.

Macy's Company Profile

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.