Y Intercept Hong Kong Ltd Has $1.12 Million Holdings in Macy's, Inc. (NYSE:M)

Y Intercept Hong Kong Ltd grew its position in shares of Macy's, Inc. (NYSE:M - Free Report) by 231.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,098 shares of the company's stock after buying an additional 46,156 shares during the period. Y Intercept Hong Kong Ltd's holdings in Macy's were worth $1,119,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of M. Charles Schwab Investment Management Inc. increased its position in Macy's by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,661,876 shares of the company's stock valued at $41,765,000 after acquiring an additional 118,626 shares during the period. FMR LLC boosted its stake in shares of Macy's by 4.4% during the 3rd quarter. FMR LLC now owns 4,691,591 shares of the company's stock worth $73,611,000 after acquiring an additional 195,880 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Macy's during the 3rd quarter worth $594,000. HB Wealth Management LLC grew its holdings in shares of Macy's by 724.1% during the fourth quarter. HB Wealth Management LLC now owns 103,584 shares of the company's stock valued at $1,754,000 after buying an additional 91,015 shares in the last quarter. Finally, Alerus Financial NA purchased a new position in shares of Macy's during the third quarter valued at $2,144,000. Institutional investors own 87.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on M. UBS Group lowered their target price on Macy's from $10.00 to $9.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. Morgan Stanley reduced their price target on Macy's from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, December 12th. Guggenheim reissued a "neutral" rating on shares of Macy's in a research report on Thursday, December 12th. Benchmark raised Macy's to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $17.00 price target on shares of Macy's in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.14.

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Macy's Price Performance

NYSE M traded up $0.29 during trading hours on Friday, reaching $14.35. 8,689,582 shares of the company's stock were exchanged, compared to its average volume of 6,416,940. The stock has a market cap of $3.98 billion, a PE ratio of 24.32 and a beta of 2.05. Macy's, Inc. has a one year low of $13.66 and a one year high of $22.10. The firm has a fifty day moving average of $15.39 and a 200-day moving average of $15.58. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67.

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). Macy's had a return on equity of 21.99% and a net margin of 0.73%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts predict that Macy's, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy's Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.08%. This is an increase from Macy's's previous quarterly dividend of $0.17. Macy's's dividend payout ratio is 116.95%.

Macy's Profile

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.