Edmond DE Rothschild Holding S.A. cut its position in shares of Macy’s Inc (NYSE:M) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,955 shares of the company’s stock after selling 2,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Macy’s were worth $415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Capital Group LLC grew its holdings in Macy’s by 110.1% in the fourth quarter. Private Capital Group LLC now owns 1,002 shares of the company’s stock worth $30,000 after purchasing an additional 525 shares during the period. We Are One Seven LLC acquired a new stake in Macy’s in the fourth quarter worth $35,000. Dubuque Bank & Trust Co. acquired a new stake in Macy’s in the fourth quarter worth $45,000. Braun Bostich & Associates Inc. grew its holdings in Macy’s by 155.0% in the fourth quarter. Braun Bostich & Associates Inc. now owns 1,660 shares of the company’s stock worth $49,000 after purchasing an additional 1,009 shares during the period. Finally, Huntington National Bank acquired a new stake in Macy’s in the fourth quarter worth $59,000. Institutional investors own 90.93% of the company’s stock.

A number of research firms have commented on M. Zacks Investment Research upgraded shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. ValuEngine cut shares of Macy’s from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Atlantic Securities cut shares of Macy’s from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $39.00 to $28.00 in a report on Thursday, December 6th. TheStreet cut shares of Macy’s from a “b-” rating to a “c+” rating in a report on Tuesday, February 5th. Finally, Credit Suisse Group reduced their price target on shares of Macy’s from $34.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 11th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.78.

Macy’s stock opened at $23.71 on Friday. Macy’s Inc has a 1-year low of $22.73 and a 1-year high of $41.99. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 0.90 and a beta of 0.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 1.42.

Macy’s (NYSE:M) last released its quarterly earnings data on Tuesday, February 26th. The company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.20. Macy’s had a net margin of 4.43% and a return on equity of 21.32%. The firm had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.40 billion. During the same period last year, the firm earned $2.82 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts predict that Macy’s Inc will post 3.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Thursday, March 14th. Macy’s’s dividend payout ratio (DPR) is 36.12%.

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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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Institutional Ownership by Quarter for Macy`s (NYSE:M)

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