WINTON GROUP Ltd Has $2.05 Million Position in Macy's, Inc. (NYSE:M)

WINTON GROUP Ltd boosted its position in Macy's, Inc. (NYSE:M - Free Report) by 96.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,636 shares of the company's stock after buying an additional 52,337 shares during the quarter. WINTON GROUP Ltd's holdings in Macy's were worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of M. LSV Asset Management increased its position in Macy's by 1.3% in the second quarter. LSV Asset Management now owns 5,374,167 shares of the company's stock worth $103,184,000 after buying an additional 68,300 shares during the period. American Century Companies Inc. increased its holdings in shares of Macy's by 18.9% in the 2nd quarter. American Century Companies Inc. now owns 4,704,854 shares of the company's stock worth $90,333,000 after acquiring an additional 747,542 shares during the period. Bank of New York Mellon Corp lifted its position in Macy's by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,185,513 shares of the company's stock valued at $61,162,000 after purchasing an additional 37,254 shares during the last quarter. Norges Bank acquired a new position in Macy's during the 4th quarter valued at about $62,529,000. Finally, Charles Schwab Investment Management Inc. grew its position in Macy's by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,371,257 shares of the company's stock worth $47,710,000 after purchasing an additional 13,712 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Insiders Place Their Bets

In related news, 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 transaction, the executive vice president now owns 348,000 shares in the company, valued at approximately $6,598,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Antony Spring sold 18,981 shares of the firm'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 $359,879.76. Following the sale, the chief executive officer now owns 267,265 shares in the company, valued at $5,067,344.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Danielle L. Kirgan sold 24,147 shares of the business's stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $18.96, for a total transaction of $457,827.12. Following the transaction, 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. Insiders have sold 44,665 shares of company stock valued at $842,372 over the last three months. 2.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley cut their price target on Macy's from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, August 22nd. Evercore ISI lowered their price target on Macy's from $22.00 to $17.00 and set an "in-line" rating on the stock in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price objective on shares of Macy's from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, May 22nd. Telsey Advisory Group restated a "market perform" rating and set a $21.00 price target on shares of Macy's in a research report on Wednesday, August 21st. Finally, TD Cowen increased their price target on Macy's from $20.00 to $21.00 and gave the company a "hold" rating in a research note on Wednesday, May 22nd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.50.

Macy's Trading Down 0.2 %

M stock traded down $0.04 during mid-day trading on Monday, reaching $14.97. 3,692,054 shares of the stock traded hands, compared to its average volume of 6,674,165. Macy's, Inc. has a 52-week low of $10.54 and a 52-week high of $22.10. The stock's fifty day moving average is $16.21 and its 200-day moving average is $18.25. The company has a market cap of $4.14 billion, a P/E ratio of 498.83 and a beta of 2.11. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70.

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

Macy's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Friday, September 13th. Macy's's dividend payout ratio is presently 2,300.00%.

Macy's 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.