Gladius Capital Management LP Makes New $203,000 Investment in Macy’s, Inc. (NYSE:M)

Gladius Capital Management LP purchased a new position in Macy’s, Inc. (NYSE:MFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,967 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also made changes to their positions in M. Russell Investments Group Ltd. increased its holdings in Macy’s by 44.9% in the 1st quarter. Russell Investments Group Ltd. now owns 516,834 shares of the company’s stock worth $10,331,000 after buying an additional 160,093 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Macy’s by 0.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 142,009 shares of the company’s stock worth $2,839,000 after acquiring an additional 877 shares during the period. Virtu Financial LLC purchased a new position in shares of Macy’s during the first quarter worth $1,043,000. WINTON GROUP Ltd lifted its position in Macy’s by 96.4% during the second quarter. WINTON GROUP Ltd now owns 106,636 shares of the company’s stock valued at $2,047,000 after purchasing an additional 52,337 shares during the period. Finally, US Bancorp DE boosted its holdings in Macy’s by 6.4% in the first quarter. US Bancorp DE now owns 21,669 shares of the company’s stock valued at $433,000 after purchasing an additional 1,306 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on M shares. StockNews.com assumed coverage on Macy’s in a research note on Sunday, November 10th. They set a “hold” rating for the company. Morgan Stanley reduced their price target on Macy’s from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price objective on shares of Macy’s in a research report on Wednesday, August 21st. Finally, Argus raised shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Macy’s currently has an average rating of “Hold” and an average target price of $20.43.

Get Our Latest Research Report on Macy’s

Macy’s Trading Down 0.5 %

Shares of Macy’s stock opened at $15.49 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. Macy’s, Inc. has a twelve month low of $13.10 and a twelve month high of $22.10. The firm has a market capitalization of $4.30 billion, a PE ratio of 24.20 and a beta of 2.11. The firm’s 50-day moving average price is $15.39 and its 200 day moving average price is $16.96.

Macy’s (NYSE:MGet Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.23. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $5.06 billion. Macy’s had a return on equity of 23.14% and a net margin of 0.80%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. On average, sell-side analysts predict that Macy’s, Inc. will post 2.72 EPS for the current fiscal year.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.1737 dividend. This represents a $0.69 annualized dividend and a yield of 4.49%. The ex-dividend date is Friday, December 13th. Macy’s’s payout ratio is currently 107.81%.

About Macy’s

(Free Report)

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.

Further Reading

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Institutional Ownership by Quarter for Macy's (NYSE:M)

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