LSV Asset Management boosted its position in shares of Macy’s Inc. (NYSE:M) by 1.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,529,056 shares of the company’s stock after buying an additional 66,000 shares during the period. LSV Asset Management owned about 1.14% of Macy’s worth $130,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Beese Fulmer Investment Management Inc. boosted its position in Macy’s by 0.7% in the second quarter. Beese Fulmer Investment Management Inc. now owns 5,998 shares of the company’s stock valued at $202,000 after buying an additional 40 shares during the period. Conning Inc. boosted its position in Macy’s by 0.9% in the third quarter. Conning Inc. now owns 8,086 shares of the company’s stock valued at $300,000 after buying an additional 70 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in Macy’s by 0.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 26,896 shares of the company’s stock valued at $903,000 after buying an additional 72 shares during the period. First Manhattan Co. boosted its position in Macy’s by 2.2% in the third quarter. First Manhattan Co. now owns 5,076 shares of the company’s stock valued at $188,000 after buying an additional 110 shares during the period. Finally, Barnett & Company Inc. boosted its position in Macy’s by 0.4% in the second quarter. Barnett & Company Inc. now owns 40,128 shares of the company’s stock valued at $1,349,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 85.30% of the company’s stock.

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

Macy’s Inc. (NYSE:M) opened at 43.13 on Tuesday. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 19.63 and a beta of 0.77. The firm’s 50-day moving average is $38.65 and its 200 day moving average is $35.96. Macy’s Inc. has a 12-month low of $29.94 and a 12-month high of $45.50.

Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.24. Macy’s had a return on equity of 24.83% and a net margin of 2.63%. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts expect that Macy’s Inc. will post $3.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Tuesday, December 13th. Macy’s’s payout ratio is 69.27%.

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A number of analysts have recently commented on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Macy’s in a research report on Thursday, August 11th. Standpoint Research began coverage on shares of Macy’s in a research report on Thursday, August 25th. They set a “buy” rating and a $72.00 price target on the stock. Vetr lowered shares of Macy’s from a “hold” rating to a “sell” rating and set a $35.17 price target on the stock. in a research report on Monday, September 5th. Deutsche Bank AG upped their price target on shares of Macy’s from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, August 12th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $38.00 price target on shares of Macy’s in a research report on Thursday, October 20th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $42.73.

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.

5 Day Chart for NYSE:M

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