Macy’s, Inc. (NYSE:M) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in Macy’s, Inc. (NYSE:M) by 10.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 70,899 shares of the company’s stock after acquiring an additional 6,697 shares during the quarter. WINTON GROUP Ltd’s holdings in Macy’s were worth $1,200,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of M. Quest Partners LLC purchased a new stake in shares of Macy’s during the third quarter worth $35,000. Charles Schwab Investment Management Inc. grew its stake in Macy’s by 4.7% during 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 in the last quarter. FMR LLC raised its holdings in Macy’s by 4.4% in the 3rd quarter. FMR LLC now owns 4,691,591 shares of the company’s stock valued at $73,611,000 after acquiring an additional 195,880 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Macy’s by 8.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 362,508 shares of the company’s stock worth $5,688,000 after purchasing an additional 27,985 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Macy’s by 8.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,751 shares of the company’s stock worth $1,000,000 after purchasing an additional 4,783 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on M. Morgan Stanley set a $14.00 target price on shares of Macy’s in a research note on Monday, March 10th. StockNews.com upgraded Macy’s from a “hold” rating to a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group reduced their target price on Macy’s from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. UBS Group lowered their price target on Macy’s from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 7th. Finally, New Street Research set a $13.00 price objective on shares of Macy’s in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Macy’s presently has an average rating of “Hold” and a consensus target price of $15.30.

Macy’s Stock Performance

Shares of Macy’s stock opened at $12.79 on Friday. The business has a 50-day simple moving average of $14.38 and a 200-day simple moving average of $15.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 1.26. Macy’s, Inc. has a one year low of $12.60 and a one year high of $20.70. The company has a market cap of $3.55 billion, a PE ratio of 21.67 and a beta of 2.07.

Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, March 6th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.55 by $0.25. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The company had revenue of $7.77 billion during the quarter, compared to analysts’ expectations of $7.76 billion. On average, equities research analysts forecast that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a yield of 5.71%. This is an increase from Macy’s’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. Macy’s’s payout ratio is 35.44%.

Insider Transactions at Macy’s

In related news, CEO Antony Spring sold 3,124 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total value of $42,923.76. Following the completion of the sale, the chief executive officer now directly owns 272,680 shares of the company’s stock, valued at $3,746,623.20. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adrian V. Mitchell sold 3,489 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $13.74, for a total value of $47,938.86. Following the transaction, the executive vice president now directly owns 116,165 shares in the company, valued at approximately $1,596,107.10. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,013 shares of company stock valued at $96,359. 2.77% of the stock is currently owned by corporate insiders.

Macy’s Company 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.