Barings LLC held its position in Macy’s Inc (NYSE:M) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,535 shares of the company’s stock at the close of the second quarter. Barings LLC’s holdings in Macy’s were worth $1,616,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in M. BlackRock Inc. lifted its position in shares of Macy’s by 2,606.3% during the first quarter. BlackRock Inc. now owns 24,416,816 shares of the company’s stock valued at $723,716,000 after purchasing an additional 23,514,600 shares in the last quarter. Discovery Capital Management LLC CT lifted its position in shares of Macy’s by 239.0% during the second quarter. Discovery Capital Management LLC CT now owns 2,871,297 shares of the company’s stock valued at $66,729,000 after purchasing an additional 2,024,297 shares in the last quarter. Morgan Stanley lifted its position in shares of Macy’s by 50.0% during the first quarter. Morgan Stanley now owns 3,772,472 shares of the company’s stock valued at $111,817,000 after purchasing an additional 1,258,024 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Macy’s by 26.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,323,131 shares of the company’s stock valued at $123,703,000 after purchasing an additional 1,117,903 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Macy’s by 1,095.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,189,500 shares of the company’s stock valued at $27,644,000 after purchasing an additional 1,090,000 shares in the last quarter. 81.97% of the stock is currently owned by hedge funds and other institutional investors.

M has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Macy’s from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub raised shares of Macy’s from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BMO Capital Markets reissued an “outperform” rating on shares of Macy’s in a research report on Thursday, September 14th. ValuEngine lowered shares of Macy’s from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Vetr raised shares of Macy’s from a “buy” rating to a “strong-buy” rating and set a $26.51 price target on the stock in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.92.

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In other Macy’s news, Director John A. Bryant purchased 9,825 shares of Macy’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $20.32 per share, with a total value of $199,644.00. Following the transaction, the director now directly owns 9,825 shares of the company’s stock, valued at $199,644. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Shares of Macy’s Inc (NYSE M) opened at 20.35 on Tuesday. Macy’s Inc has a 12-month low of $19.32 and a 12-month high of $45.41. The company’s 50-day moving average is $21.34 and its 200-day moving average is $23.89. The stock has a market cap of $6.20 billion, a P/E ratio of 9.25 and a beta of 0.87.

Macy’s (NYSE:M) last posted its earnings results on Thursday, August 10th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The business had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Macy’s had a net margin of 2.71% and a return on equity of 21.38%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. On average, equities research analysts anticipate that Macy’s Inc will post $3.40 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a yield of 7.42%. The ex-dividend date was Thursday, September 14th. Macy’s’s dividend payout ratio is currently 68.64%.

Macy’s Profile

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

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