Macy's, Inc. (NYSE:M) Shares Purchased by Cwm LLC

CWM LLC raised its position in shares of Macy's, Inc. (NYSE:M - Free Report) by 418.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,335 shares of the company's stock after acquiring an additional 56,776 shares during the period. CWM LLC's holdings in Macy's were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of M. Norges Bank purchased a new position in Macy's in the 4th quarter worth about $96,689,000. Junto Capital Management LP purchased a new position in Macy's in the 4th quarter worth about $48,775,000. FMR LLC increased its stake in Macy's by 59.9% in the 4th quarter. FMR LLC now owns 7,503,742 shares of the company's stock worth $127,038,000 after buying an additional 2,812,151 shares during the period. Marshall Wace LLP increased its stake in Macy's by 1,230.8% in the 4th quarter. Marshall Wace LLP now owns 2,387,193 shares of the company's stock worth $40,415,000 after buying an additional 2,207,809 shares during the period. Finally, Cooper Creek Partners Management LLC increased its stake in Macy's by 26.2% in the 4th quarter. Cooper Creek Partners Management LLC now owns 7,838,240 shares of the company's stock worth $132,701,000 after buying an additional 1,627,572 shares during the period. Institutional investors own 87.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup reissued a "neutral" rating and set a $12.00 target price (up previously from $11.00) on shares of Macy's in a research report on Thursday, May 29th. Morgan Stanley reissued a "negative" rating on shares of Macy's in a research report on Tuesday, May 6th. The Goldman Sachs Group cut shares of Macy's from a "buy" rating to a "neutral" rating and lowered their price target for the company from $17.00 to $12.00 in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on shares of Macy's from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Finally, Telsey Advisory Group lowered their price target on shares of Macy's from $15.00 to $14.00 and set a "market perform" rating on the stock in a report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.78.

Macy's Stock Performance

M traded up $0.39 during trading on Friday, reaching $13.09. 6,730,074 shares of the company's stock were exchanged, compared to its average volume of 7,090,456. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.43 and a quick ratio of 0.37. The stock has a market capitalization of $3.55 billion, a P/E ratio of 6.64 and a beta of 1.71. The company's fifty day simple moving average is $11.94 and its 200-day simple moving average is $12.81. Macy's, Inc. has a 1 year low of $9.76 and a 1 year high of $18.13.

Macy's (NYSE:M - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $4.38 billion. Macy's had a net margin of 2.45% and a return on equity of 16.34%. The business's revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. As a group, research analysts predict that Macy's, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date was Friday, June 13th. Macy's's payout ratio is 37.06%.

Macy's Profile

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.