Lind Value II ApS Takes Position in Macy’s, Inc. (NYSE:M)

Lind Value II ApS bought a new position in Macy’s, Inc. (NYSE:M) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 397,667 shares of the company’s stock, valued at approximately $6,733,000. Macy’s accounts for about 3.0% of Lind Value II ApS’s holdings, making the stock its 7th largest holding.

Other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. grew its stake in Macy’s by 2.5% during the second quarter. Federated Hermes Inc. now owns 44,337 shares of the company’s stock valued at $851,000 after acquiring an additional 1,095 shares in the last quarter. Affinity Capital Advisors LLC boosted its holdings in shares of Macy’s by 11.5% during the 3rd quarter. Affinity Capital Advisors LLC now owns 12,116 shares of the company’s stock valued at $190,000 after purchasing an additional 1,248 shares during the last quarter. KBC Group NV grew its position in shares of Macy’s by 19.9% during the third quarter. KBC Group NV now owns 7,952 shares of the company’s stock valued at $125,000 after purchasing an additional 1,319 shares in the last quarter. Jamison Private Wealth Management Inc. increased its holdings in shares of Macy’s by 12.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 14,026 shares of the company’s stock worth $220,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Macy’s by 282.7% in the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock worth $36,000 after purchasing an additional 1,685 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

M has been the subject of several research analyst reports. Argus upgraded Macy’s to a “hold” rating in a report on Thursday, October 10th. UBS Group cut their target price on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, December 12th. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Morgan Stanley decreased their target price on shares of 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Macy’s currently has an average rating of “Hold” and a consensus price target of $17.78.

Macy’s Stock Performance

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

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

Macy’s Announces Dividend

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 dividend of $0.1737 per share. The ex-dividend date was Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a yield of 4.95%. Macy’s’s payout ratio is 116.95%.

Macy’s Company Profile

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.