Macy’s Inc (M) Shares Bought by Lingohr & Partner Asset Management GmbH
Lingohr & Partner Asset Management GmbH increased its stake in shares of Macy’s Inc (NYSE:M) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,511 shares of the company’s stock after buying an additional 8,400 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Macy’s were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Macy’s by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,623 shares of the company’s stock worth $526,000 after buying an additional 65 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Macy’s by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock worth $439,000 after buying an additional 200 shares in the last quarter. Sentry Investment Management LLC boosted its holdings in Macy’s by 1.0% during the second quarter. Sentry Investment Management LLC now owns 23,637 shares of the company’s stock worth $549,000 after buying an additional 245 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in Macy’s by 0.3% during the second quarter. State of Tennessee Treasury Department now owns 83,286 shares of the company’s stock worth $1,936,000 after buying an additional 289 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in Macy’s by 2.9% during the second quarter. Thrivent Financial For Lutherans now owns 11,568 shares of the company’s stock worth $269,000 after buying an additional 330 shares in the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Macy’s Inc (NYSE M) traded up $0.48 during mid-day trading on Monday, reaching $19.98. 28,654,500 shares of the company traded hands, compared to its average volume of 9,716,253. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 1.49. Macy’s Inc has a 1 year low of $17.41 and a 1 year high of $45.41. The firm has a market capitalization of $6,010.00, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.69 and a beta of 0.86.
Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Macy’s had a net margin of 2.83% and a return on equity of 21.20%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. Macy’s’s revenue for the quarter was down 6.1% on a year-over-year basis. sell-side analysts anticipate that Macy’s Inc will post 3.39 earnings per share for the current fiscal 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 paid a dividend of $0.3775 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.51 annualized dividend and a yield of 7.56%. Macy’s’s dividend payout ratio is currently 66.52%.
In other Macy’s news, Director John A. Bryant acquired 9,825 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the purchase, the director now directly owns 9,825 shares in the company, valued at $199,644. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.
M has been the topic of several recent research reports. UBS AG reaffirmed a “neutral” rating and issued a $21.00 price target (down previously from $23.00) on shares of Macy’s in a report on Monday, August 14th. BidaskClub raised shares of Macy’s from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $21.00 price target (down previously from $24.00) on shares of Macy’s in a report on Friday, August 11th. BMO Capital Markets set a $36.00 price target on shares of Macy’s and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Wedbush reaffirmed a “hold” rating on shares of Macy’s in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Macy’s currently has a consensus rating of “Hold” and an average target price of $26.31.
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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