34,367 Shares in Macy’s, Inc. (NYSE:M) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in Macy’s, Inc. (NYSE:M) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,367 shares of the company’s stock, valued at approximately $582,000.

Other institutional investors have also added to or reduced their stakes in the company. Barington Capital Group L.P. boosted its stake in shares of Macy’s by 550.0% during the third quarter. Barington Capital Group L.P. now owns 650,000 shares of the company’s stock valued at $10,198,000 after purchasing an additional 550,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in Macy’s by 14.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,314,572 shares of the company’s stock valued at $56,116,000 after buying an additional 419,261 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Macy’s by 13.3% in the 4th quarter. Allianz Asset Management GmbH now owns 3,512,142 shares of the company’s stock valued at $59,461,000 after buying an additional 411,412 shares during the period. Lind Value II ApS bought a new position in Macy’s in the 4th quarter worth about $6,733,000. Finally, Retirement Systems of Alabama increased its position in shares of Macy’s by 57.9% during the third quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock worth $12,276,000 after acquiring an additional 286,879 shares during the period. Institutional investors own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

M has been the topic of several research analyst reports. Gordon Haskett cut Macy’s from an “accumulate” rating to a “hold” rating in a research note on Thursday, March 6th. Telsey Advisory Group set a $15.00 price target on Macy’s in a research report on Friday, March 7th. Citigroup decreased their price objective on Macy’s from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, March 7th. New Street Research set a $13.00 target price on shares of Macy’s in a report on Thursday, March 6th. Finally, Benchmark raised shares of Macy’s to a “strong-buy” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Macy’s presently has an average rating of “Hold” and a consensus price target of $15.30.

Insider Activity

In other news, EVP Adrian V. Mitchell sold 3,489 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total transaction of $47,938.86. Following the sale, the executive vice president now directly owns 116,165 shares of the company’s stock, valued at $1,596,107.10. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antony Spring sold 3,124 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $13.74, for a total value of $42,923.76. Following the completion of the transaction, the chief executive officer now owns 272,680 shares of the company’s stock, valued at $3,746,623.20. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,013 shares of company stock worth $96,359 over the last 90 days. 2.77% of the stock is currently owned by corporate insiders.

Macy’s Trading Down 0.8 %

NYSE:M opened at $13.17 on Friday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 22.31 and a beta of 2.07. Macy’s, Inc. has a 52 week low of $12.60 and a 52 week high of $20.70. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $14.41 and a 200 day moving average of $15.28.

Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, March 6th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.55 by $0.25. The firm had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.76 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. As a group, sell-side analysts anticipate that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.1824 per share. This is a positive change from Macy’s’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.54%. Macy’s’s payout ratio is presently 35.44%.

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.