Macy’s, Inc. (NYSE:M) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in Macy’s, Inc. (NYSE:M) by 3.9% during the third quarter, Holdings Channel reports. The fund owned 410,710 shares of the company’s stock after purchasing an additional 15,401 shares during the quarter. Victory Capital Management Inc.’s holdings in Macy’s were worth $6,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Macy’s in the 1st quarter worth about $1,043,000. WINTON GROUP Ltd increased its stake in Macy’s by 96.4% during the 2nd quarter. WINTON GROUP Ltd now owns 106,636 shares of the company’s stock valued at $2,047,000 after buying an additional 52,337 shares during the period. US Bancorp DE increased its stake in Macy’s by 6.4% during the 1st quarter. US Bancorp DE now owns 21,669 shares of the company’s stock valued at $433,000 after buying an additional 1,306 shares during the period. International Assets Investment Management LLC increased its stake in Macy’s by 454.3% during the 3rd quarter. International Assets Investment Management LLC now owns 111,587 shares of the company’s stock valued at $1,751,000 after buying an additional 91,455 shares during the period. Finally, Alden Global Capital LLC increased its stake in Macy’s by 56.1% during the 2nd quarter. Alden Global Capital LLC now owns 606,741 shares of the company’s stock valued at $11,649,000 after buying an additional 218,146 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on M. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 target price on shares of Macy’s in a research note on Wednesday, August 21st. StockNews.com began coverage on shares of Macy’s in a research note on Sunday, November 10th. They set a “hold” rating on the stock. Morgan Stanley lowered their target price on shares of Macy’s from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, Argus raised shares of Macy’s to a “hold” rating in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.43.

Macy’s Stock Performance

Shares of M opened at $16.30 on Friday. The firm’s 50 day moving average is $15.45 and its 200-day moving average is $16.85. The stock has a market capitalization of $4.52 billion, a P/E ratio of 25.46 and a beta of 2.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 0.34. Macy’s, Inc. has a 12-month low of $14.06 and a 12-month high of $22.10.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.23. The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Macy’s had a net margin of 0.80% and a return on equity of 23.14%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. Equities research analysts anticipate that Macy’s, Inc. will post 2.7 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.1737 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.26%. Macy’s’s dividend payout ratio is currently 107.81%.

Macy’s 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.