WINTON GROUP Ltd decreased its position in shares of Macy’s Inc (NYSE:M) by 65.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,992 shares of the company’s stock after selling 165,637 shares during the period. WINTON GROUP Ltd’s holdings in Macy’s were worth $2,045,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Macy’s by 2,606.3% in the first quarter. BlackRock Inc. now owns 24,416,816 shares of the company’s stock worth $723,716,000 after acquiring an additional 23,514,600 shares during the period. Discovery Capital Management LLC CT lifted its stake in Macy’s by 239.0% in the second quarter. Discovery Capital Management LLC CT now owns 2,871,297 shares of the company’s stock worth $66,729,000 after acquiring an additional 2,024,297 shares during the period. Morgan Stanley lifted its stake in Macy’s by 50.0% in the first quarter. Morgan Stanley now owns 3,772,472 shares of the company’s stock worth $111,817,000 after acquiring an additional 1,258,024 shares during the period. Dimensional Fund Advisors LP lifted its stake in Macy’s by 26.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,323,131 shares of the company’s stock worth $123,703,000 after acquiring an additional 1,117,903 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in Macy’s by 1,095.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,189,500 shares of the company’s stock worth $27,644,000 after acquiring an additional 1,090,000 shares during the period. Institutional investors and hedge funds own 82.20% of the company’s stock.
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In other news, Director John A. Bryant purchased 9,825 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the transaction, the director now owns 9,825 shares in the company, valued at $199,644. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.
Shares of Macy’s Inc (NYSE M) traded down 6.209% on Friday, reaching $20.015. The company’s stock had a trading volume of 8,150,325 shares. The stock has a market capitalization of $6.10 billion, a P/E ratio of 9.098 and a beta of 0.87. The company has a 50 day moving average of $21.26 and a 200 day moving average of $23.20. Macy’s Inc has a 1-year low of $19.32 and a 1-year high of $45.41.
Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Macy’s had a return on equity of 21.38% and a net margin of 2.71%. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities research analysts expect that Macy’s Inc will post $3.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 7.08%. The ex-dividend date of this dividend was Thursday, September 14th. Macy’s’s dividend payout ratio (DPR) is presently 68.64%.
A number of analysts recently weighed in on the stock. Royal Bank Of Canada set a $21.00 price objective on shares of Macy’s and gave the stock a “sector perform” rating in a research note on Friday, October 20th. Susquehanna Bancshares Inc set a $38.00 price objective on shares of Macy’s and gave the stock a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of Macy’s from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. ValuEngine upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Cowen and Company reiterated a “hold” rating and issued a $23.00 target price on shares of Macy’s in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.18.
Macy’s Company Profile
Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.
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