XTX Topco Ltd Makes New $503,000 Investment in Macy's, Inc. (NYSE:M)

XTX Topco Ltd bought a new stake in Macy's, Inc. (NYSE:M - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,079 shares of the company's stock, valued at approximately $503,000.

Several other hedge funds also recently modified their holdings of M. CWM LLC boosted its holdings in shares of Macy's by 7.7% during the second quarter. CWM LLC now owns 8,398 shares of the company's stock worth $161,000 after purchasing an additional 598 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Macy's by 589.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 33,240 shares of the company's stock valued at $645,000 after acquiring an additional 28,420 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Macy's in the second quarter worth approximately $541,000. SummerHaven Investment Management LLC grew its holdings in Macy's by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 44,321 shares of the company's stock valued at $851,000 after purchasing an additional 761 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Macy's by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 3,185,513 shares of the company's stock worth $61,162,000 after purchasing an additional 37,254 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Macy's Stock Up 2.6 %

Shares of NYSE M traded up $0.42 during trading on Friday, reaching $16.56. 7,830,541 shares of the stock were exchanged, compared to its average volume of 6,403,158. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 28.07 and a beta of 2.10. The business's 50-day moving average price is $15.79 and its 200 day moving average price is $16.51. The company has a quick ratio of 0.34, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. Macy's, Inc. has a twelve month low of $14.06 and a twelve month high of $22.10.

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

Macy's Announces Dividend

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

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.