Green Square Capital LLC boosted its stake in shares of Macy’s Inc. (NYSE:M) by 6.6% during the second quarter, Holdings Channel reports. The fund owned 101,934 shares of the company’s stock after buying an additional 6,337 shares during the period. Green Square Capital LLC’s holdings in Macy’s were worth $3,464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PGGM Investments increased its position in shares of Macy’s by 38.5% in the second quarter. PGGM Investments now owns 1,073,410 shares of the company’s stock valued at $36,077,000 after buying an additional 298,584 shares during the last quarter. Strs Ohio increased its position in shares of Macy’s by 158.4% in the second quarter. Strs Ohio now owns 22,248 shares of the company’s stock valued at $747,000 after buying an additional 13,639 shares during the last quarter. HL Financial Services LLC increased its position in shares of Macy’s by 18.5% in the second quarter. HL Financial Services LLC now owns 10,558 shares of the company’s stock valued at $355,000 after buying an additional 1,650 shares during the last quarter. Pitcairn Co. increased its position in shares of Macy’s by 36.9% in the second quarter. Pitcairn Co. now owns 45,377 shares of the company’s stock valued at $1,525,000 after buying an additional 12,238 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its position in shares of Macy’s by 9.7% in the second quarter. Douglas Lane & Associates LLC now owns 1,001,372 shares of the company’s stock valued at $33,656,000 after buying an additional 88,508 shares during the last quarter. 83.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Macy’s Inc. (NYSE:M) traded up 3.00% on Wednesday, hitting $36.01. 7,009,324 shares of the stock traded hands. Macy’s Inc. has a 52-week low of $29.94 and a 52-week high of $53.11. The stock has a market cap of $11.11 billion, a P/E ratio of 14.44 and a beta of 0.80. The stock’s 50 day moving average price is $37.03 and its 200 day moving average price is $37.04.

Macy’s (NYSE:M) last released its earnings results on Thursday, August 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The firm earned $5.87 billion during the quarter, compared to analyst estimates of $5.73 billion. Macy’s had a net margin of 2.99% and a return on equity of 27.68%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. On average, equities analysts expect that Macy’s Inc. will post $3.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a $0.3775 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.51 annualized dividend and a dividend yield of 4.19%. Macy’s’s dividend payout ratio (DPR) is presently 60.64%.

A number of analysts have recently issued reports on M shares. Citigroup Inc. raised shares of Macy’s from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $35.42 to $44.00 in a report on Wednesday, September 14th. Vetr raised shares of Macy’s from a “hold” rating to a “buy” rating and set a $38.48 price objective for the company in a report on Monday, September 12th. Standpoint Research started coverage on shares of Macy’s in a report on Thursday, August 25th. They set a “buy” rating and a $72.00 price objective for the company. Deutsche Bank AG raised shares of Macy’s from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. Finally, Zacks Investment Research raised shares of Macy’s from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. Macy’s currently has an average rating of “Hold” and an average target price of $44.22.

Macy’s Company Profile

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

5 Day Chart for NYSE:M

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