Macy’s Inc (NYSE:M) CFO Paula A. Price sold 1,189 shares of Macy’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $21.30, for a total transaction of $25,325.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of M stock opened at $21.91 on Friday. Macy’s Inc has a 1 year low of $20.02 and a 1 year high of $41.99. The business’s fifty day moving average is $21.34. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 5.31, a P/E/G ratio of 0.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.42 and a quick ratio of 0.32.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.11. The firm had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.52 billion. Macy’s had a net margin of 4.43% and a return on equity of 20.66%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, equities analysts anticipate that Macy’s Inc will post 3.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend was Thursday, June 13th. Macy’s’s dividend payout ratio (DPR) is presently 36.12%.

M has been the topic of a number of research reports. UBS Group set a $25.00 target price on shares of Macy’s and gave the stock a “hold” rating in a research report on Friday, May 17th. Standpoint Research raised shares of GAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Zacks Investment Research lowered shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Goldman Sachs Group set a €28.60 ($33.26) target price on shares of Hapag-Lloyd and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, Desjardins reaffirmed an “average” rating and set a $5.25 target price on shares of Macy’s in a research report on Friday, March 22nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Macy’s currently has an average rating of “Hold” and an average target price of $26.58.

A number of institutional investors have recently made changes to their positions in M. Liberty Wealth Management LLC bought a new stake in Macy’s in the 4th quarter valued at $34,000. Avestar Capital LLC increased its holdings in Macy’s by 2,168.2% in the 1st quarter. Avestar Capital LLC now owns 1,497 shares of the company’s stock valued at $35,000 after buying an additional 1,431 shares during the period. NuWave Investment Management LLC increased its holdings in Macy’s by 730.4% in the 1st quarter. NuWave Investment Management LLC now owns 1,777 shares of the company’s stock valued at $43,000 after buying an additional 1,563 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in Macy’s by 841.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,864 shares of the company’s stock valued at $45,000 after buying an additional 1,666 shares during the period. Finally, Destination Wealth Management increased its holdings in Macy’s by 27.1% in the 1st quarter. Destination Wealth Management now owns 2,344 shares of the company’s stock valued at $56,000 after buying an additional 500 shares during the period. 87.23% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Company Profile

Macy's, Inc, an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.

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

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