Vanguard Personalized Indexing Management LLC Has $2.41 Million Stake in Macy's, Inc. (NYSE:M)

Vanguard Personalized Indexing Management LLC lifted its holdings in Macy's, Inc. (NYSE:M - Free Report) by 180.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,818 shares of the company's stock after buying an additional 77,051 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Macy's were worth $2,411,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Lindbrook Capital LLC increased its stake in shares of Macy's by 253.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,317 shares of the company's stock valued at $26,000 after acquiring an additional 944 shares during the last quarter. Fortitude Family Office LLC bought a new stake in Macy's in the 4th quarter valued at $50,000. Hexagon Capital Partners LLC increased its position in Macy's by 1,166.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 2,749 shares of the company's stock worth $55,000 after buying an additional 2,532 shares during the period. Principal Securities Inc. bought a new position in Macy's during the 4th quarter worth $59,000. Finally, Fifth Third Bancorp raised its stake in Macy's by 221.4% in the third quarter. Fifth Third Bancorp now owns 3,506 shares of the company's stock valued at $41,000 after purchasing an additional 2,415 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on M shares. Citigroup upgraded Macy's from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $14.00 to $18.00 in a report on Friday, February 2nd. StockNews.com started coverage on Macy's in a report on Friday, May 10th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. upped their target price on Macy's from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, March 18th. TD Cowen cut Macy's from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $23.00 to $20.00 in a report on Thursday, February 29th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $21.00 target price on shares of Macy's in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Macy's presently has an average rating of "Hold" and a consensus target price of $17.45.

Insider Buying and Selling

In other news, CEO Antony Spring sold 14,859 shares of Macy's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $19.63, for a total value of $291,682.17. Following the sale, the chief executive officer now directly owns 248,897 shares in the company, valued at approximately $4,885,848.11. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Danielle L. Kirgan sold 15,070 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $20.42, for a total value of $307,729.40. Following the completion of the transaction, the executive vice president now owns 306,555 shares in the company, valued at approximately $6,259,853.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Antony Spring sold 14,859 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $19.63, for a total value of $291,682.17. Following the completion of the transaction, the chief executive officer now owns 248,897 shares of the company's stock, valued at approximately $4,885,848.11. The disclosure for this sale can be found here. Insiders have sold a total of 218,424 shares of company stock worth $4,405,507 in the last ninety days. 2.77% of the stock is owned by insiders.

Macy's Price Performance

M traded up $0.25 during trading on Thursday, reaching $19.62. 2,711,888 shares of the company were exchanged, compared to its average volume of 7,192,353. The company's 50-day moving average is $19.61 and its two-hundred day moving average is $18.24. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 52.30 and a beta of 2.16. The company has a quick ratio of 0.39, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Macy's, Inc. has a 12-month low of $10.54 and a 12-month high of $22.10.

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

Macy's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.1737 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.54%. Macy's's dividend payout ratio is 186.49%.

Macy's Company Profile

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.