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

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

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Macy's by 495.5% in the fourth quarter. Bessemer Group Inc. now owns 3,412 shares of the company's stock valued at $58,000 after purchasing an additional 2,839 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Macy's during the fourth quarter worth $111,000. Aster Capital Management DIFC Ltd acquired a new stake in Macy's during the fourth quarter worth $119,000. Versant Capital Management Inc increased its stake in Macy's by 343.4% during the first quarter. Versant Capital Management Inc now owns 9,449 shares of the company's stock worth $119,000 after acquiring an additional 7,318 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Macy's during the first quarter worth $142,000. Institutional investors and hedge funds own 87.36% of the company's stock.

Macy's Price Performance

Shares of M opened at $13.02 on Wednesday. Macy's, Inc. has a twelve month low of $9.76 and a twelve month high of $18.13. The stock's 50 day moving average is $11.89 and its two-hundred day moving average is $12.92. The firm has a market capitalization of $3.53 billion, a PE ratio of 6.61 and a beta of 1.71. The company has a current ratio of 1.43, a quick ratio of 0.37 and a debt-to-equity ratio of 0.62.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. Macy's had a return on equity of 16.34% and a net margin of 2.45%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. Research analysts anticipate that Macy's, Inc. will post 2.39 earnings per share for the current year.

Macy's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend was Friday, June 13th. Macy's's dividend payout ratio (DPR) is 37.06%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on M shares. Morgan Stanley restated a "negative" rating on shares of Macy's in a research report on Tuesday, May 6th. Citigroup restated a "neutral" rating and set a $12.00 price target (up from $11.00) on shares of Macy's in a research report on Thursday, May 29th. Barclays started coverage on Macy's in a research report on Monday, April 28th. They set a "cautious" rating and a $12.00 price target for the company. The Goldman Sachs Group lowered Macy's from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $17.00 to $12.00 in a research report on Tuesday, April 22nd. Finally, Telsey Advisory Group lowered their price target on Macy's from $15.00 to $14.00 and set a "market perform" rating for the company in a research report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, nine have assigned 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 presently has a consensus rating of "Hold" and an average target price of $12.78.

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.

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