Crossmark Global Holdings Inc. Purchases New Stake in Macy’s Inc (M)

Crossmark Global Holdings Inc. bought a new stake in shares of Macy’s Inc (NYSE:M) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,725 shares of the company’s stock, valued at approximately $801,000.

Several other large investors have also recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC purchased a new position in shares of Macy’s during the 3rd quarter valued at approximately $561,000. Pictet Asset Management Ltd. increased its holdings in shares of Macy’s by 15.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 193,425 shares of the company’s stock valued at $4,221,000 after purchasing an additional 26,000 shares in the last quarter. Calamos Advisors LLC increased its holdings in shares of Macy’s by 3.8% during the 3rd quarter. Calamos Advisors LLC now owns 91,693 shares of the company’s stock valued at $2,001,000 after purchasing an additional 3,359 shares in the last quarter. Benchmark Capital Advisors purchased a new position in shares of Macy’s during the 3rd quarter valued at approximately $1,335,000. Finally, Rothschild Investment Corp IL increased its holdings in shares of Macy’s by 28.4% during the 3rd quarter. Rothschild Investment Corp IL now owns 32,780 shares of the company’s stock valued at $715,000 after purchasing an additional 7,250 shares in the last quarter. 83.17% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts recently issued reports on the stock. Vetr cut shares of Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 price target on the stock. in a research note on Thursday, July 27th. Wedbush reissued a “hold” rating on shares of Macy’s in a research note on Monday, July 31st. Zacks Investment Research cut shares of Macy’s from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Deutsche Bank AG lifted their price target on shares of Macy’s from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub raised shares of Macy’s from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.25.

Macy’s Inc (NYSE M) opened at $19.33 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.49. The firm has a market cap of $6,085.91, a PE ratio of 6.73, a PEG ratio of 0.69 and a beta of 0.86. Macy’s Inc has a 1 year low of $17.41 and a 1 year high of $45.41.

Macy’s (NYSE:M) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Macy’s had a net margin of 2.83% and a return on equity of 21.20%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. analysts expect that Macy’s Inc will post 3.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.3775 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.51 annualized dividend and a dividend yield of 7.81%. Macy’s’s payout ratio is 66.52%.

In related news, Director John A. Bryant acquired 9,825 shares of Macy’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the acquisition, the director now owns 9,825 shares in the company, valued at $199,644. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

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.

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

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