Qsemble Capital Management LP Takes $1.90 Million Position in Macy's, Inc. (NYSE:M)

Qsemble Capital Management LP bought a new stake in shares of Macy's, Inc. (NYSE:M - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 94,403 shares of the company's stock, valued at approximately $1,899,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Macy's by 8.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,718 shares of the company's stock valued at $566,000 after buying an additional 3,961 shares during the period. Fifth Third Bancorp raised its position in Macy's by 221.4% in the third quarter. Fifth Third Bancorp now owns 3,506 shares of the company's stock worth $41,000 after purchasing an additional 2,415 shares in the last quarter. Lynwood Capital Management Inc. bought a new position in Macy's during the third quarter worth about $580,000. M&T Bank Corp boosted its holdings in Macy's by 27.4% during the third quarter. M&T Bank Corp now owns 25,764 shares of the company's stock valued at $299,000 after purchasing an additional 5,545 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Macy's by 374.7% during the third quarter. Nisa Investment Advisors LLC now owns 23,996 shares of the company's stock valued at $279,000 after purchasing an additional 18,941 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Macy's Trading Down 0.5 %

Macy's stock traded down $0.10 during mid-day trading on Friday, hitting $19.35. 2,129,419 shares of the company's stock were exchanged, compared to its average volume of 4,308,454. Macy's, Inc. has a fifty-two week low of $10.54 and a fifty-two week high of $22.10. The company has a quick ratio of 0.39, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.32 billion, a P/E ratio of 52.30 and a beta of 2.16. The company's 50 day simple moving average is $19.65 and its 200-day simple moving average is $18.12.

Macy's (NYSE:M - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.98 by $0.47. Macy's had a net margin of 0.45% and a return on equity of 23.34%. The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period last year, the company posted $1.88 EPS. The business's quarterly revenue was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that Macy's, Inc. will post 2.55 earnings per share for the current year.

Macy's Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.1737 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Macy's's previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.59%. Macy's's dividend payout ratio (DPR) is 186.49%.

Insider Transactions at Macy's

In other news, SVP Paul Griscom sold 2,969 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $20.43, for a total transaction of $60,656.67. Following the completion of the transaction, the senior vice president now directly owns 21,436 shares in the company, valued at approximately $437,937.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Macy's news, Director Jeffrey Gennette sold 30,090 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $19.66, for a total value of $591,569.40. Following the completion of the sale, the director now owns 1,073,699 shares in the company, valued at $21,108,922.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul Griscom sold 2,969 shares of the business's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $20.43, for a total transaction of $60,656.67. Following the transaction, the senior vice president now owns 21,436 shares in the company, valued at $437,937.48. The disclosure for this sale can be found here. Insiders have sold a total of 218,424 shares of company stock valued at $4,405,507 over the last 90 days. 2.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on M. Telsey Advisory Group reissued a "market perform" rating and set a $21.00 price target on shares of Macy's in a report on Thursday, March 28th. StockNews.com assumed coverage on shares of Macy's in a research note on Friday. They issued a "hold" rating for the company. Morgan Stanley decreased their price target on Macy's from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 28th. The Goldman Sachs Group lifted their price objective on Macy's from $16.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. increased their target price on Macy's from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.45.

About Macy's

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.