Ladenburg Thalmann Financial Services Inc. Boosts Stake in Macy's Inc (M)

Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Macy's Inc (NYSE:M) by 221.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,352 shares of the company’s stock after buying an additional 9,202 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Macy's were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in M. Ffcm LLC lifted its position in shares of Macy's by 251.6% during the second quarter. Ffcm LLC now owns 5,052 shares of the company’s stock worth $120,000 after purchasing an additional 3,615 shares in the last quarter. Kistler Tiffany Companies LLC acquired a new position in shares of Macy's during the third quarter worth $148,000. IFP Advisors Inc lifted its position in shares of Macy's by 62.9% during the third quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock worth $174,000 after purchasing an additional 3,083 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Macy's by 3,191.7% during the second quarter. Westside Investment Management Inc. now owns 9,875 shares of the company’s stock worth $208,000 after purchasing an additional 9,575 shares in the last quarter. Finally, ING Groep NV acquired a new stake in Macy's in the third quarter valued at $212,000. 82.04% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on M. ValuEngine cut shares of Macy's from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Cowen reaffirmed a “hold” rating and issued a $23.00 price target on shares of Macy's in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of Macy's from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday. Vetr upgraded shares of Macy's from a “buy” rating to a “strong-buy” rating and set a $29.84 target price for the company in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets set a $38.00 target price on shares of Macy's and gave the company a “buy” rating in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $26.02.

Shares of Macy's Inc (NYSE M) opened at $26.89 on Friday. Macy's Inc has a 1-year low of $17.41 and a 1-year high of $34.37. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19. The firm has a market cap of $8,190.00, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97.

Macy's (NYSE:M) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Macy's had a net margin of 2.83% and a return on equity of 21.20%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same period in the prior year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. equities research analysts anticipate that Macy's Inc will post 3.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were issued a $0.3775 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 5.62%. Macy's’s dividend payout ratio is 66.52%.

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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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