Macy’s Inc (NYSE:M) Director William H. Lenehan bought 3,154 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $31.74 per share, for a total transaction of $100,107.96. Following the purchase, the director now directly owns 11,214 shares in the company, valued at approximately $355,932.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Macy’s stock traded down $0.29 on Monday, reaching $33.01. The company had a trading volume of 816,099 shares, compared to its average volume of 9,982,614. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.96 and a beta of 0.62. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.24 and a current ratio of 1.35. Macy’s Inc has a 1 year low of $20.11 and a 1 year high of $41.99.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, November 14th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.13. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Macy’s had a return on equity of 22.33% and a net margin of 6.72%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. Sell-side analysts predict that Macy’s Inc will post 4.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be issued a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Thursday, December 13th. Macy’s’s dividend payout ratio (DPR) is 40.05%.

Institutional investors have recently made changes to their positions in the company. Princeton Capital Management LLC purchased a new position in Macy’s during the 3rd quarter valued at $104,000. Baker Ellis Asset Management LLC purchased a new position in Macy’s during the 2nd quarter valued at $112,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Macy’s during the 2nd quarter valued at $116,000. First Hawaiian Bank purchased a new position in Macy’s during the 3rd quarter valued at $147,000. Finally, Qube Research & Technologies Ltd purchased a new position in Macy’s during the 2nd quarter valued at $150,000. Hedge funds and other institutional investors own 90.78% of the company’s stock.

A number of analysts have issued reports on M shares. Zacks Investment Research reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Macy’s in a research note on Wednesday, November 14th. Cowen lifted their price objective on Macy’s from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, August 16th. Royal Bank of Canada set a $39.00 price objective on Macy’s and gave the stock a “hold” rating in a research note on Thursday, August 16th. Goldman Sachs Group started coverage on Macy’s in a research note on Monday, September 3rd. They issued a “sell” rating and a $33.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on Macy’s from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Thursday, August 16th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.91.

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Macy’s Company Profile

Macy's, Inc, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.

Read More: Return on Investment (ROI)

Insider Buying and Selling by Quarter for Macy`s (NYSE:M)

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