WINTON GROUP Ltd Sells 42,196 Shares of Macy’s, Inc. $M

WINTON GROUP Ltd decreased its holdings in Macy’s, Inc. (NYSE:M) by 40.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,644 shares of the company’s stock after selling 42,196 shares during the quarter. WINTON GROUP Ltd’s holdings in Macy’s were worth $1,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. RWC Asset Management LLP boosted its holdings in shares of Macy’s by 2.4% during the 3rd quarter. RWC Asset Management LLP now owns 10,902,310 shares of the company’s stock valued at $195,478,000 after acquiring an additional 255,473 shares during the last quarter. American Century Companies Inc. lifted its position in Macy’s by 6.6% during the third quarter. American Century Companies Inc. now owns 10,764,293 shares of the company’s stock valued at $193,004,000 after purchasing an additional 669,729 shares during the period. Schroder Investment Management Group lifted its position in Macy’s by 1.1% during the third quarter. Schroder Investment Management Group now owns 9,738,338 shares of the company’s stock valued at $174,608,000 after purchasing an additional 110,548 shares during the period. State Street Corp boosted its holdings in Macy’s by 0.5% in the second quarter. State Street Corp now owns 9,420,372 shares of the company’s stock worth $111,547,000 after purchasing an additional 45,997 shares during the last quarter. Finally, Cooper Creek Partners Management LLC boosted its holdings in Macy’s by 13.4% in the second quarter. Cooper Creek Partners Management LLC now owns 7,395,091 shares of the company’s stock worth $86,227,000 after purchasing an additional 876,606 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on M shares. Guggenheim started coverage on shares of Macy’s in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. TD Cowen reaffirmed a “hold” rating on shares of Macy’s in a report on Thursday, December 4th. Morgan Stanley upped their price objective on Macy’s from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. Evercore increased their target price on Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a report on Friday, December 5th. Finally, Jefferies Financial Group began coverage on Macy’s in a research report on Wednesday, January 14th. They issued a “buy” rating and a $27.00 target price on the stock. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $20.00.

Macy’s Stock Down 2.9%

M opened at $17.47 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56. Macy’s, Inc. has a 1-year low of $9.76 and a 1-year high of $24.41. The company has a market capitalization of $4.64 billion, a PE ratio of 10.33 and a beta of 1.51. The firm’s 50 day simple moving average is $21.02 and its two-hundred day simple moving average is $19.90.

Macy’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.1915 dividend. This is a positive change from Macy’s’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, March 13th. This represents a $0.77 annualized dividend and a dividend yield of 4.4%. Macy’s’s dividend payout ratio (DPR) is currently 43.20%.

Macy’s Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.