Macy’s Inc (M) Holdings Boosted by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL grew its position in Macy’s Inc (NYSE:M) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,663 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.12% of Macy’s worth $7,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Tennessee Treasury Department boosted its position in shares of Macy’s by 30.0% during the third quarter. State of Tennessee Treasury Department now owns 108,269 shares of the company’s stock worth $2,362,000 after acquiring an additional 24,983 shares during the last quarter. Nwam LLC bought a new position in shares of Macy’s during the third quarter worth $218,000. State of Wisconsin Investment Board boosted its position in shares of Macy’s by 5.1% during the third quarter. State of Wisconsin Investment Board now owns 282,444 shares of the company’s stock worth $6,163,000 after acquiring an additional 13,741 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Macy’s during the third quarter worth $612,000. Finally, Empirical Finance LLC bought a new position in shares of Macy’s during the third quarter worth $1,221,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
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M has been the subject of a number of research reports. BMO Capital Markets set a $36.00 target price on shares of Macy’s and gave the stock a “buy” rating in a research report on Friday, August 11th. Vetr lowered shares of Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 target price for the company. in a research report on Thursday, July 27th. ValuEngine upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Susquehanna Bancshares Inc set a $38.00 target price on shares of Macy’s and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, BidaskClub upgraded shares of Macy’s from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Macy’s currently has an average rating of “Hold” and an average target price of $26.31.
Shares of Macy’s Inc (NYSE M) opened at $19.98 on Friday. Macy’s Inc has a 12 month low of $17.41 and a 12 month high of $45.41. The firm has a market cap of $6,085.09, a price-to-earnings ratio of 6.73, a PEG ratio of 0.68 and a beta of 0.86. The company has a quick ratio of 0.34, a current ratio of 1.42 and a debt-to-equity ratio of 1.44.
Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.31 billion. Macy’s had a net margin of 2.83% and a return on equity of 21.06%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. sell-side analysts expect that Macy’s Inc will post 3.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 7.56%. The ex-dividend date is Thursday, December 14th. Macy’s’s dividend payout ratio is presently 66.52%.
In related news, Director John A. Bryant purchased 9,825 shares of Macy’s stock in a transaction that occurred 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 purchase, the director now directly owns 9,825 shares of the company’s stock, valued at approximately $199,644. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.
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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