10,688 Shares in Macy’s, Inc. (NYSE:M) Acquired by Captrust Financial Advisors

Captrust Financial Advisors acquired a new position in Macy’s, Inc. (NYSE:M) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,688 shares of the company’s stock, valued at approximately $168,000.

Several other institutional investors have also recently bought and sold shares of M. Quest Partners LLC acquired a new stake in Macy’s during the 3rd quarter worth $35,000. Venturi Wealth Management LLC grew its holdings in Macy’s by 282.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock worth $36,000 after acquiring an additional 1,685 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Macy’s during the 3rd quarter worth $39,000. Abich Financial Wealth Management LLC acquired a new stake in Macy’s during the 2nd quarter worth $57,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Macy’s during the 2nd quarter worth $62,000. Institutional investors own 87.36% of the company’s stock.

Macy’s Price Performance

Shares of NYSE M opened at $16.72 on Tuesday. The firm has a market cap of $4.64 billion, a PE ratio of 28.34 and a beta of 2.10. The company has a current ratio of 1.26, a quick ratio of 0.34 and a debt-to-equity ratio of 0.67. Macy’s, Inc. has a 1-year low of $14.06 and a 1-year high of $22.10. The company has a fifty day moving average price of $15.82 and a 200 day moving average price of $16.44.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Macy’s’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Research analysts predict that Macy’s, Inc. will post 2.38 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.1737 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.69 annualized dividend and a yield of 4.16%. Macy’s’s dividend payout ratio (DPR) is presently 116.95%.

Analysts Set New Price Targets

A number of research firms have commented on M. UBS Group lowered their target price on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 target price on shares of Macy’s in a report on Wednesday, December 11th. Argus raised shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. Morgan Stanley decreased their price target on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, December 12th. Finally, Gordon Haskett raised shares of Macy’s from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.56.

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.