Macy’s Inc (NYSE:M) President Harry A. Lawton III sold 28,684 shares of Macy’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $36.05, for a total transaction of $1,034,058.20. Following the completion of the transaction, the president now owns 54,722 shares in the company, valued at approximately $1,972,728.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE M opened at $36.39 on Wednesday. Macy’s Inc has a twelve month low of $17.41 and a twelve month high of $41.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.43 and a current ratio of 1.53. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.06 and a beta of 0.70.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, August 15th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.20. Macy’s had a net margin of 6.65% and a return on equity of 23.55%. The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. equities analysts expect that Macy’s Inc will post 3.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be given a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, September 13th. Macy’s’s payout ratio is 40.05%.

A number of hedge funds and other institutional investors have recently bought and sold shares of M. Baker Ellis Asset Management LLC purchased a new position in Macy’s during the 2nd quarter worth approximately $112,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Macy’s during the 2nd quarter worth approximately $116,000. Point72 Asia Hong Kong Ltd grew its position in Macy’s by 10,087.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,973 shares of the company’s stock worth $118,000 after purchasing an additional 3,934 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in Macy’s by 78.4% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 4,067 shares of the company’s stock worth $120,000 after purchasing an additional 1,787 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Macy’s during the 2nd quarter worth approximately $150,000. Hedge funds and other institutional investors own 90.32% of the company’s stock.

Several research firms have issued reports on M. UBS Group upgraded shares of Macy’s from a “neutral” rating to a “positive” rating in a research report on Tuesday, May 22nd. Susquehanna Bancshares upgraded shares of Macy’s from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $25.00 to $43.00 in a research report on Tuesday, May 22nd. Royal Bank of Canada set a $35.00 price target on shares of Macy’s and gave the stock a “hold” rating in a research report on Thursday, May 17th. Guggenheim restated a “buy” rating and issued a $36.00 price target on shares of Macy’s in a research report on Wednesday, May 16th. Finally, Deutsche Bank set a $33.00 price target on shares of Macy’s and gave the stock a “hold” rating in a research report on Monday, May 21st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.57.

Macy’s Company Profile

Macy's, Inc, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.

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