Atria Investments Inc Makes New $211,000 Investment in Macy’s, Inc. (NYSE:M)

Atria Investments Inc acquired a new stake in shares of Macy’s, Inc. (NYSE:M) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,464 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC boosted its holdings in Macy’s by 7.7% during the second quarter. CWM LLC now owns 8,398 shares of the company’s stock worth $161,000 after buying an additional 598 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of Macy’s by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 44,321 shares of the company’s stock valued at $851,000 after acquiring an additional 761 shares during the period. Wedmont Private Capital raised its holdings in Macy’s by 6.1% in the 2nd quarter. Wedmont Private Capital now owns 14,403 shares of the company’s stock worth $275,000 after purchasing an additional 833 shares during the period. Cumberland Advisors Inc. boosted its position in Macy’s by 0.9% during the second quarter. Cumberland Advisors Inc. now owns 117,510 shares of the company’s stock worth $2,256,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Macy’s by 9.3% in the first quarter. Gamco Investors INC. ET AL now owns 11,800 shares of the company’s stock valued at $236,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Macy’s in a research note on Sunday, November 10th. They set a “hold” rating for the company. Argus upgraded Macy’s to a “hold” rating in a research note on Thursday, October 10th. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 target price on shares of Macy’s in a research report on Wednesday, August 21st. Finally, Morgan Stanley lowered their price target on 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. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Macy’s currently has a consensus rating of “Hold” and a consensus price target of $20.43.

Macy’s Stock Up 8.2 %

Shares of NYSE:M opened at $16.30 on Friday. The business has a 50-day moving average price of $15.45 and a 200 day moving average price of $16.83. Macy’s, Inc. has a 12-month low of $14.06 and a 12-month high of $22.10. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 25.47 and a beta of 2.11.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 23.14% and a net margin of 0.80%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Sell-side analysts expect that Macy’s, Inc. will post 2.7 EPS for the current year.

Macy’s Dividend Announcement

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

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.