Cubist Systematic Strategies LLC Has $153,000 Stake in Macy’s Inc (M)
Cubist Systematic Strategies LLC reduced its stake in Macy’s Inc (NYSE:M) by 15.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,600 shares of the company’s stock after selling 1,169 shares during the period. Cubist Systematic Strategies LLC’s holdings in Macy’s were worth $153,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Macy’s by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,623 shares of the company’s stock valued at $526,000 after acquiring an additional 65 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of 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 acquiring an additional 200 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of 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 acquiring an additional 289 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of 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 acquiring an additional 330 shares in the last quarter. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Macy’s in the second quarter valued at $335,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
A number of research firms have weighed in on M. BidaskClub upgraded Macy’s from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Vetr cut Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 price target on the stock. in a research note on Thursday, July 27th. Wedbush restated a “hold” rating on shares of Macy’s in a research note on Monday, July 31st. Deutsche Bank AG raised their price target on Macy’s from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research cut Macy’s from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.31.
Macy’s Inc (NYSE:M) opened at $18.36 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.34 and a debt-to-equity ratio of 1.44. Macy’s Inc has a twelve month low of $18.33 and a twelve month high of $45.41. The stock has a market capitalization of $5,591.70, a PE ratio of 6.31, a P/E/G ratio of 0.64 and a beta of 0.86.
Macy’s (NYSE:M) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same quarter last year, the company posted $0.51 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. analysts expect that Macy’s Inc will post 3.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date of this dividend is Thursday, December 14th. Macy’s’s dividend payout ratio is presently 68.64%.
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In other Macy’s news, Director John A. Bryant acquired 9,825 shares of the stock in a transaction on Wednesday, August 23rd. The shares were bought at an average price of $20.32 per share, with a total value of $199,644.00. Following the acquisition, the director now owns 9,825 shares of the company’s stock, valued at $199,644. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.
Macy’s Company 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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