Investors bought shares of Macy’s Inc (NYSE:M) on weakness during trading on Thursday. $118.48 million flowed into the stock on the tick-up and $105.06 million flowed out of the stock on the tick-down, for a money net flow of $13.42 million into the stock. Of all stocks tracked, Macy’s had the 33rd highest net in-flow for the day. Macy’s traded down ($0.95) for the day and closed at $32.27

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Macy’s from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Standpoint Research downgraded shares of Macy’s from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Morgan Stanley upped their price target on shares of Macy’s from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Thursday, August 16th. Royal Bank of Canada set a $39.00 price target on shares of Macy’s and gave the stock a “hold” rating in a report on Thursday, August 16th. Finally, Deutsche Bank upped their price target on shares of Macy’s from $33.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.13.

The company has a market cap of $11.37 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.11 and a beta of 0.62. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.43 and a current ratio of 1.53.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, November 14th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.13. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.40 billion. Macy’s had a net margin of 6.65% and a return on equity of 23.55%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. Equities analysts anticipate that Macy’s Inc will post 3.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be paid a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 4.68%. The ex-dividend date is Thursday, December 13th. Macy’s’s payout ratio is 40.05%.

In other Macy’s news, President Harry A. Lawton III sold 28,684 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $36.05, for a total value of $1,034,058.20. Following the completion of the transaction, the president now directly owns 54,722 shares in the company, valued at approximately $1,972,728.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider C Elisa D. Garcia sold 4,628 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $35.85, for a total transaction of $165,913.80. Following the completion of the transaction, the insider now owns 10,727 shares of the company’s stock, valued at $384,562.95. The disclosure for this sale can be found here. 2.36% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nissay Asset Management Corp Japan ADV increased its position in Macy’s by 4.9% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 28,887 shares of the company’s stock valued at $1,081,000 after acquiring an additional 1,337 shares during the period. Whittier Trust Co. increased its position in Macy’s by 21.1% in the 2nd quarter. Whittier Trust Co. now owns 7,966 shares of the company’s stock valued at $462,000 after acquiring an additional 1,390 shares during the period. Amalgamated Bank increased its position in Macy’s by 3.7% in the 2nd quarter. Amalgamated Bank now owns 39,333 shares of the company’s stock valued at $1,472,000 after acquiring an additional 1,402 shares during the period. Penserra Capital Management LLC increased its position in Macy’s by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 10,304 shares of the company’s stock valued at $357,000 after acquiring an additional 1,456 shares during the period. Finally, Redpoint Investment Management Pty Ltd increased its position in Macy’s by 26.0% in the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 7,362 shares of the company’s stock valued at $256,000 after acquiring an additional 1,519 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

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Macy’s Company Profile (NYSE:M)

Macy's, Inc, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.

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