37,855 Shares in Macy's, Inc. (NYSE:M) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Macy's, Inc. (NYSE:M - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 37,855 shares of the company's stock, valued at approximately $594,000.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Macy's during the third quarter worth $35,000. Venturi Wealth Management LLC grew its position in shares of Macy's by 282.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company's stock worth $36,000 after purchasing an additional 1,685 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Macy's during the third quarter worth approximately $39,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Macy's in the second quarter valued at approximately $57,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Macy's during the second quarter worth approximately $62,000. 87.36% of the stock is owned by institutional investors.

Macy's Trading Up 2.6 %

Shares of Macy's stock traded up $0.42 on Friday, reaching $16.56. 7,830,541 shares of the company's stock were exchanged, compared to its average volume of 6,403,158. The company has a market capitalization of $4.59 billion, a P/E ratio of 28.07 and a beta of 2.10. Macy's, Inc. has a 52 week low of $14.06 and a 52 week high of $22.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.34 and a current ratio of 1.26. The firm's 50-day moving average is $15.79 and its two-hundred day moving average is $16.48.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, December 11th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). Macy's had a net margin of 0.73% and a return on equity of 21.99%. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business's quarterly revenue was down 2.4% on a year-over-year basis. Sell-side analysts predict that Macy's, Inc. will post 2.38 EPS for the current fiscal year.

Macy's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.1737 per share. The ex-dividend date is Friday, December 13th. This represents a $0.69 annualized dividend and a dividend yield of 4.20%. Macy's's payout ratio is 116.95%.

Analysts Set New Price Targets

Several brokerages have recently commented on M. UBS Group dropped their target price on shares of Macy's from $10.00 to $9.00 and set a "sell" rating for the company in a research report on Thursday. Guggenheim restated a "neutral" rating on shares of Macy's in a research report on Thursday. StockNews.com downgraded Macy's from a "buy" rating to a "hold" rating in a report on Friday. Telsey Advisory Group reissued a "market perform" rating and set a $17.00 price target on shares of Macy's in a report on Wednesday. Finally, Morgan Stanley dropped their price objective on Macy's from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Macy's presently has an average rating of "Hold" and a consensus price target of $18.38.

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.