WINTON GROUP Ltd Trims Stock Holdings in Macy’s, Inc. $M

WINTON GROUP Ltd lowered its stake in Macy’s, Inc. (NYSE:M) by 40.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,644 shares of the company’s stock after selling 42,196 shares during the quarter. WINTON GROUP Ltd’s holdings in Macy’s were worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of Macy’s during the 3rd quarter valued at approximately $31,000. Bessemer Group Inc. increased its stake in shares of Macy’s by 41.4% in the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after purchasing an additional 592 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Macy’s by 101.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock valued at $41,000 after purchasing an additional 1,162 shares during the period. Quent Capital LLC bought a new stake in shares of Macy’s during the 3rd quarter valued at $107,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Macy’s by 71.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,362 shares of the company’s stock valued at $115,000 after buying an additional 2,656 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Macy’s Trading Down 2.9%

Shares of M stock opened at $17.47 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 10.33 and a beta of 1.51. Macy’s, Inc. has a 12-month low of $9.76 and a 12-month high of $24.41. The stock’s 50-day moving average price is $21.02 and its 200-day moving average price is $19.90.

Macy’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.1915 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Macy’s’s previous quarterly dividend of $0.18. Macy’s’s dividend payout ratio is presently 43.20%.

Analyst Upgrades and Downgrades

M has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Macy’s from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, December 5th. Wall Street Zen cut Macy’s from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Evercore boosted their price objective on Macy’s from $14.00 to $21.00 and gave the company a “cautious” rating in a research report on Friday, December 5th. Telsey Advisory Group increased their price objective on shares of Macy’s from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Finally, UBS Group boosted their target price on shares of Macy’s from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $20.00.

Macy’s Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.