Macy’s, Inc. (NYSE:M) Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC boosted its position in Macy’s, Inc. (NYSE:M) by 65.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,500 shares of the company’s stock after acquiring an additional 2,967 shares during the quarter. FNY Investment Advisers LLC’s holdings in Macy’s were worth $126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in M. Wedmont Private Capital boosted its stake in shares of Macy’s by 17.2% during the 4th quarter. Wedmont Private Capital now owns 22,141 shares of the company’s stock valued at $351,000 after buying an additional 3,254 shares during the last quarter. Range Financial Group LLC acquired a new stake in Macy’s in the fourth quarter valued at $285,000. Nordea Investment Management AB raised its holdings in Macy’s by 4.0% in the fourth quarter. Nordea Investment Management AB now owns 273,872 shares of the company’s stock valued at $4,671,000 after acquiring an additional 10,541 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Macy’s by 57.9% during the 3rd quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock valued at $12,276,000 after acquiring an additional 286,879 shares during the last quarter. Finally, PVG Asset Management Corp acquired a new position in Macy’s during the 3rd quarter worth $730,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on M. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Tuesday. Gordon Haskett raised Macy’s from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, December 16th. Guggenheim reiterated a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. Morgan Stanley dropped their price target on Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 12th. Finally, UBS Group reduced their price objective on Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.78.

Macy’s Trading Down 3.6 %

Shares of NYSE M opened at $14.04 on Wednesday. Macy’s, Inc. has a 12-month low of $14.01 and a 12-month high of $22.10. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 23.80 and a beta of 2.07. The company has a current ratio of 1.26, a quick ratio of 0.34 and a debt-to-equity ratio of 0.67. The stock’s 50 day simple moving average is $16.18 and its 200 day simple moving average is $16.13.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. During the same period last year, the firm posted $0.21 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. Equities research analysts expect that Macy’s, Inc. will post 2.4 EPS for the current year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a $0.1737 dividend. This represents a $0.69 annualized dividend and a yield of 4.95%. The ex-dividend date was Friday, December 13th. Macy’s’s payout ratio is currently 116.95%.

About Macy’s

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.