Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Macy’s, Inc. $M

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Macy’s, Inc. (NYSE:M) by 99.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 327,827 shares of the company’s stock after acquiring an additional 163,674 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Macy’s were worth $7,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Macy’s in the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Macy’s in the 3rd quarter worth approximately $31,000. Bessemer Group Inc. boosted its stake in shares of Macy’s by 41.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after buying an additional 592 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Macy’s by 101.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,311 shares of the company’s stock worth $41,000 after buying an additional 1,162 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Macy’s by 7,265.6% in the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after buying an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Insider Activity

In other Macy’s news, EVP Danielle L. Kirgan sold 10,010 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $179,379.20. Following the completion of the sale, the executive vice president directly owned 108,008 shares in the company, valued at $1,935,503.36. This trade represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total transaction of $94,456.32. Following the transaction, the executive vice president directly owned 28,773 shares of the company’s stock, valued at $515,612.16. This represents a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 94,967 shares of company stock valued at $1,705,276. Company insiders own 1.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. UBS Group upped their price objective on Macy’s from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, March 9th. Telsey Advisory Group reiterated a “market perform” rating and issued a $20.00 price objective on shares of Macy’s in a research note on Wednesday, April 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Macy’s in a research note on Wednesday, March 18th. Finally, Citigroup dropped their price objective on Macy’s from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $18.90.

Macy’s Stock Down 0.3%

M opened at $20.04 on Tuesday. The stock has a market cap of $5.29 billion, a PE ratio of 8.64 and a beta of 1.51. The company has a quick ratio of 0.50, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. Macy’s, Inc. has a 52 week low of $10.54 and a 52 week high of $24.41. The business’s fifty day simple moving average is $19.02 and its 200 day simple moving average is $20.37.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.12. Macy’s had a return on equity of 14.22% and a net margin of 2.84%.The firm had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.48 billion. During the same period last year, the firm earned $1.80 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, research analysts expect that Macy’s, Inc. will post 2.09 earnings per share for the current fiscal year.

Macy’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were issued a dividend of $0.1915 per share. This is an increase from Macy’s’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, March 13th. Macy’s’s dividend payout ratio (DPR) is currently 33.19%.

Macy’s Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.