Macy's, Inc. (NYSE:M) Stock Position Raised by Stephens Inc. AR

Stephens Inc. AR raised its position in Macy's, Inc. (NYSE:M - Free Report) by 1,000.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the company's stock after acquiring an additional 100,000 shares during the quarter. Stephens Inc. AR's holdings in Macy's were worth $1,382,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of M. Nisa Investment Advisors LLC boosted its stake in shares of Macy's by 58.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 12,673 shares of the company's stock valued at $161,000 after buying an additional 4,681 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Macy's by 0.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 205,492 shares of the company's stock valued at $2,581,000 after buying an additional 959 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of Macy's by 3.6% during the 1st quarter. Impax Asset Management Group plc now owns 86,074 shares of the company's stock valued at $1,081,000 after buying an additional 2,962 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Macy's by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 638,586 shares of the company's stock valued at $8,021,000 after buying an additional 2,858 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Macy's by 157.1% during the first quarter. Teacher Retirement System of Texas now owns 44,645 shares of the company's stock worth $561,000 after purchasing an additional 27,281 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Wall Street Analyst Weigh In

M has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Macy's from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. The Goldman Sachs Group lowered Macy's from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, April 22nd. Morgan Stanley reaffirmed a "negative" rating on shares of Macy's in a research report on Tuesday, May 6th. Telsey Advisory Group dropped their target price on Macy's from $15.00 to $14.00 and set a "market perform" rating on the stock in a research report on Thursday, May 29th. Finally, Barclays initiated coverage on Macy's in a research report on Monday, April 28th. They issued a "cautious" rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.78.

Macy's Stock Performance

Shares of M traded down $0.05 during trading hours on Thursday, reaching $12.01. 5,362,711 shares of the company's stock traded hands, compared to its average volume of 6,625,858. The business's fifty day simple moving average is $11.88 and its two-hundred day simple moving average is $13.04. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 6.09 and a beta of 1.71. Macy's, Inc. has a twelve month low of $9.76 and a twelve month high of $18.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.43 and a quick ratio of 0.37.

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

Macy's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a $0.1824 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.08%. Macy's's dividend payout ratio (DPR) is 37.06%.

Macy's Company 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.