79,985 Shares in Macy’s Inc (M) Acquired by Nomura Holdings Inc.
Nomura Holdings Inc. purchased a new position in shares of Macy’s Inc (NYSE:M) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,985 shares of the company’s stock, valued at approximately $1,859,000.
Several other institutional investors also recently added to or reduced their stakes in M. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Macy’s by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,623 shares of the company’s stock worth $526,000 after acquiring an additional 65 shares during the period. Louisiana State Employees Retirement System grew its holdings in Macy’s by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock valued at $439,000 after purchasing an additional 200 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in Macy’s by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 83,286 shares of the company’s stock valued at $1,936,000 after purchasing an additional 289 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in Macy’s by 2.9% in the second quarter. Thrivent Financial For Lutherans now owns 11,568 shares of the company’s stock valued at $269,000 after purchasing an additional 330 shares during the last quarter. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in Macy’s in the second quarter valued at $335,000. Institutional investors and hedge funds own 81.97% of the company’s stock.
Several analysts have weighed in on M shares. Vetr lowered Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 target price on the stock. in a report on Thursday, July 27th. BMO Capital Markets set a $36.00 target price on Macy’s and gave the company a “buy” rating in a report on Friday, August 11th. ValuEngine raised Macy’s from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Deutsche Bank AG upped their target price on Macy’s from $24.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Wedbush reissued a “hold” rating on shares of Macy’s in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Macy’s has a consensus rating of “Hold” and an average target price of $26.92.
In other news, Director John A. Bryant purchased 9,825 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the purchase, the director now directly owns 9,825 shares of the company’s stock, valued at approximately $199,644. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.
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Shares of Macy’s Inc (NYSE:M) opened at 20.20 on Friday. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 9.18 and a beta of 0.87. The firm’s 50-day moving average price is $21.36 and its 200-day moving average price is $23.70. Macy’s Inc has a 52 week low of $19.32 and a 52 week high of $45.41.
Macy’s (NYSE:M) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.48 earnings per share for the quarter, topping 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 business had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. Equities research analysts expect that Macy’s Inc will post $3.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a dividend of $0.3775 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.51 annualized dividend and a yield of 7.48%. Macy’s’s dividend payout ratio is 68.64%.
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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