Twinbeech Capital LP Buys Shares of 309,043 Macy's, Inc. (NYSE:M)

Twinbeech Capital LP bought a new stake in Macy's, Inc. (NYSE:M - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 309,043 shares of the company's stock, valued at approximately $5,232,000. Twinbeech Capital LP owned about 0.11% of Macy's at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its holdings in shares of Macy's by 4.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 15,442 shares of the company's stock worth $261,000 after acquiring an additional 717 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Macy's by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 120,414 shares of the company's stock worth $2,039,000 after acquiring an additional 760 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Macy's by 0.9% in the 4th quarter. Quantinno Capital Management LP now owns 102,538 shares of the company's stock worth $1,736,000 after acquiring an additional 872 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Macy's by 7.7% in the 4th quarter. ProShare Advisors LLC now owns 12,978 shares of the company's stock worth $220,000 after acquiring an additional 924 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Macy's by 1.2% in the 4th quarter. Arizona State Retirement System now owns 80,549 shares of the company's stock worth $1,364,000 after acquiring an additional 958 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on M shares. Morgan Stanley restated a "negative" rating on shares of Macy's in a report on Tuesday, May 6th. Cowen restated a "hold" rating on shares of Macy's in a report on Friday, March 7th. Citigroup decreased their price objective on shares of Macy's from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. UBS Group cut their target price on shares of Macy's from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Friday, March 7th. Finally, StockNews.com raised shares of Macy's from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Macy's has an average rating of "Hold" and a consensus price target of $14.00.

Macy's Trading Up 0.7%

Shares of NYSE:M opened at $12.10 on Wednesday. Macy's, Inc. has a 52 week low of $9.76 and a 52 week high of $20.70. The company's 50 day moving average is $11.97 and its two-hundred day moving average is $14.24. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The company has a market cap of $3.37 billion, a PE ratio of 20.51 and a beta of 1.77.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.25. Macy's had a net margin of 0.73% and a return on equity of 21.99%. The company had revenue of $7.77 billion for the quarter, compared to the consensus estimate of $7.76 billion. Equities analysts predict that Macy's, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is Friday, June 13th. Macy's's dividend payout ratio is presently 35.44%.

Insider Buying and Selling at Macy's

In related news, EVP Adrian V. Mitchell sold 5,122 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $12.77, for a total value of $65,407.94. Following the transaction, the executive vice president now directly owns 130,491 shares of the company's stock, valued at $1,666,370.07. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tracy M. Preston sold 2,780 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $12.68, for a total transaction of $35,250.40. Following the completion of the transaction, the executive vice president now directly owns 4,723 shares in the company, valued at $59,887.64. This trade represents a 37.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,751 shares of company stock valued at $537,790. Insiders own 1.09% of the company's stock.

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.

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