Caxton Associates LP Boosts Stake in Macy’s Inc (M)

Caxton Associates LP increased its holdings in Macy’s Inc (NYSE:M) by 201.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 101,100 shares of the company’s stock after buying an additional 67,600 shares during the period. Caxton Associates LP’s holdings in Macy’s were worth $2,206,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of M. Vantage Financial Partners Ltd. Inc. bought a new stake in Macy’s in the 2nd quarter valued at about $335,000. Ffcm LLC lifted its position in Macy’s by 251.6% in the 2nd quarter. Ffcm LLC now owns 5,052 shares of the company’s stock valued at $120,000 after purchasing an additional 3,615 shares during the last quarter. Penserra Capital Management LLC lifted its position in Macy’s by 51.1% in the 2nd quarter. Penserra Capital Management LLC now owns 5,560 shares of the company’s stock valued at $129,000 after purchasing an additional 1,880 shares during the last quarter. Kistler Tiffany Companies LLC bought a new stake in Macy’s in the 3rd quarter valued at about $148,000. Finally, IFP Advisors Inc lifted its position in Macy’s by 62.9% in the 3rd quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock valued at $174,000 after purchasing an additional 3,083 shares during the last quarter. 82.27% of the stock is owned by institutional investors and hedge funds.

Macy’s Inc (NYSE:M) traded up $0.52 during midday trading on Friday, hitting $25.80. 13,533,529 shares of the company were exchanged, compared to its average volume of 15,950,973. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19. Macy’s Inc has a twelve month low of $17.41 and a twelve month high of $43.08. The company has a market cap of $7,857.80, a P/E ratio of 8.69, a P/E/G ratio of 0.89 and a beta of 0.97.

Macy’s (NYSE:M) last released its earnings results on Thursday, November 9th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Macy’s had a net margin of 2.83% and a return on equity of 21.20%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the previous year, the firm earned $0.17 EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. analysts forecast that Macy’s Inc will post 3.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a $0.3775 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 5.85%. Macy’s’s payout ratio is currently 66.52%.

Several analysts recently weighed in on M shares. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price objective on shares of Macy’s in a research report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Macy’s from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub downgraded shares of Macy’s from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Citigroup downgraded shares of Macy’s from a “neutral” rating to a “sell” rating and cut their price objective for the company from $21.00 to $16.00 in a research report on Monday, October 30th. Finally, ValuEngine downgraded shares of Macy’s from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. Macy’s currently has a consensus rating of “Hold” and a consensus price target of $25.41.

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About Macy’s

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.

Institutional Ownership by Quarter for Macy`s (NYSE:M)

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