Macy’s, Inc. (NYSE:M) Receives Consensus Rating of “Hold” from Analysts

Shares of Macy’s, Inc. (NYSE:M) have received an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $19.86.

A number of analysts recently commented on M shares. Argus upgraded shares of Macy’s to a “hold” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley decreased their price objective on Macy’s from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 price target on shares of Macy’s in a research report on Tuesday, November 26th.

Institutional Trading of Macy’s

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP increased its position in Macy’s by 1,539.5% during the second quarter. Marshall Wace LLP now owns 3,534,952 shares of the company’s stock worth $67,871,000 after buying an additional 3,319,337 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Macy’s by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,489,334 shares of the company’s stock valued at $297,385,000 after purchasing an additional 1,379,476 shares during the last quarter. American Century Companies Inc. lifted its holdings in Macy’s by 18.9% in the 2nd quarter. American Century Companies Inc. now owns 4,704,854 shares of the company’s stock valued at $90,333,000 after purchasing an additional 747,542 shares in the last quarter. Barington Capital Group L.P. lifted its holdings in Macy’s by 550.0% in the 3rd 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 in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Macy’s by 57.9% in 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 last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Macy’s Trading Down 0.1 %

Macy’s stock opened at $16.43 on Monday. Macy’s has a one year low of $14.06 and a one year high of $22.10. The business’s fifty day moving average is $15.68 and its 200 day moving average is $16.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 0.34. The stock has a market capitalization of $4.56 billion, a PE ratio of 25.67 and a beta of 2.10.

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.1737 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a yield of 4.23%. Macy’s’s dividend payout ratio (DPR) is presently 107.81%.

About Macy’s

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.