Factorial Partners LLC Has $1.37 Million Position in Macy’s, Inc. $M

Factorial Partners LLC reduced its holdings in shares of Macy’s, Inc. (NYSE:M) by 35.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,000 shares of the company’s stock after selling 34,000 shares during the period. Factorial Partners LLC’s holdings in Macy’s were worth $1,367,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Strengthening Families & Communities LLC acquired a new stake in shares of Macy’s in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Macy’s in the 4th quarter valued at about $29,000. Bessemer Group Inc. grew 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 valued at $37,000 after buying an additional 592 shares during the period. Hantz Financial Services Inc. grew 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 valued at $41,000 after buying an additional 1,162 shares during the period. Finally, CoreCap Advisors LLC grew 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 valued at $52,000 after buying an additional 2,325 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Price Performance

Macy’s stock opened at $21.84 on Tuesday. Macy’s, Inc. has a 52 week low of $10.54 and a 52 week high of $24.41. The company’s 50 day moving average price is $19.30 and its two-hundred day moving average price is $20.51. The company has a quick ratio of 0.50, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. The stock has a market cap of $5.76 billion, a P/E ratio of 9.42 and a beta of 1.47.

Macy’s (NYSE:M) last posted its earnings results on Wednesday, March 18th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.55 by $0.12. Macy’s had a net margin of 2.84% and a return on equity of 14.22%. The firm had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.48 billion. During the same quarter last year, the firm earned $1.80 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Macy’s, Inc. will post 2.1 earnings per share for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.1915 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.5%. Macy’s’s dividend payout ratio (DPR) is currently 32.76%.

Wall Street Analyst Weigh In

M has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on Macy’s from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings restated a “hold (c)” rating on shares of Macy’s in a research note on Friday, March 27th. Telsey Advisory Group restated a “market perform” rating and issued a $20.00 target price on shares of Macy’s in a research note on Wednesday, April 1st. Jefferies Financial Group restated a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research note on Wednesday, March 18th. Finally, Wall Street Zen downgraded Macy’s from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $18.90.

Insider Activity

In other Macy’s news, CEO Antony Spring sold 50,044 shares of Macy’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 $896,788.48. Following the transaction, the chief executive officer owned 485,791 shares of the company’s stock, valued at $8,705,374.72. This trade represents a 9.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Olivier Bron sold 7,228 shares of Macy’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $129,525.76. Following the completion of the sale, the chief executive officer directly owned 21,590 shares in the company, valued at $386,892.80. This trade represents a 25.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 94,967 shares of company stock worth $1,705,276 in the last quarter. 1.05% of the stock is owned by corporate insiders.

About Macy’s

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.