WINTON GROUP Ltd lessened its position in shares of Macy’s Inc. (NYSE:M) by 35.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,103 shares of the company’s stock after selling 5,547 shares during the period. WINTON GROUP Ltd’s holdings in Macy’s were worth $254,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Macy’s during the 4th quarter worth approximately $104,000. SeaCrest Wealth Management LLC acquired a new position in Macy’s during the 4th quarter worth approximately $119,000. Cerebellum GP LLC acquired a new position in Macy’s during the 4th quarter worth approximately $127,000. Enterprise Financial Services Corp grew its holdings in Macy’s by 102.4% during the 4th quarter. Enterprise Financial Services Corp now owns 5,348 shares of the company’s stock worth $135,000 after acquiring an additional 2,706 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Macy’s during the 3rd quarter worth approximately $200,000. Institutional investors own 86.88% of the company’s stock.
Several analysts have recently weighed in on M shares. OTR Global upgraded shares of Macy’s to a “sell” rating in a research report on Monday, December 18th. Vetr downgraded shares of Macy’s from a “strong-buy” rating to a “buy” rating and set a $28.05 price objective for the company. in a research report on Tuesday, December 19th. BMO Capital Markets set a $38.00 price objective on shares of Macy’s and gave the stock a “buy” rating in a research report on Friday, January 5th. Telsey Advisory Group boosted their price objective on shares of Macy’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, December 28th. Finally, ValuEngine downgraded shares of Macy’s from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.60.
In other news, Director Marna C. Whittington sold 20,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $30.30, for a total transaction of $606,000.00. Following the transaction, the director now directly owns 54,834 shares of the company’s stock, valued at approximately $1,661,470.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Karen M. Hoguet sold 67,515 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $29.39, for a total transaction of $1,984,265.85. Following the transaction, the chief financial officer now directly owns 67,515 shares in the company, valued at $1,984,265.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,392 shares of company stock valued at $3,173,164. 1.40% of the stock is owned by insiders.
Shares of Macy’s stock opened at $29.80 on Friday. The firm has a market cap of $9,171.43, a price-to-earnings ratio of 7.90, a PEG ratio of 0.98 and a beta of 0.75. The company has a quick ratio of 0.45, a current ratio of 1.47 and a debt-to-equity ratio of 1.04. Macy’s Inc. has a one year low of $17.41 and a one year high of $31.04.
Macy’s (NYSE:M) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $2.82 EPS for the quarter, topping the Zacks’ consensus estimate of $2.71 by $0.11. The company had revenue of $8.67 billion during the quarter, compared to the consensus estimate of $8.70 billion. Macy’s had a net margin of 6.23% and a return on equity of 24.93%. Macy’s’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.02 EPS. equities research analysts forecast that Macy’s Inc. will post 3.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were given a dividend of $0.3775 per share. The ex-dividend date was Wednesday, March 14th. This represents a $1.51 dividend on an annualized basis and a yield of 5.07%. Macy’s’s payout ratio is currently 40.05%.
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Macy's, Inc, together with its subsidiaries, operates stores, Websites, and mobile applications. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates stores that offer a range of women's, men's, and children's apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry.
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