Signaturefd LLC Has $430,000 Stake in Macy’s, Inc. (NYSE:M)

Signaturefd LLC decreased its stake in Macy’s, Inc. (NYSE:M) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,395 shares of the company’s stock after selling 16,249 shares during the quarter. Signaturefd LLC’s holdings in Macy’s were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Macy’s by 7.8% in the third quarter. Vanguard Group Inc. now owns 36,381,604 shares of the company’s stock worth $422,390,000 after acquiring an additional 2,645,577 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Macy’s by 260.8% in the third quarter. Deutsche Bank AG now owns 2,547,529 shares of the company’s stock worth $29,577,000 after acquiring an additional 1,841,432 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Macy’s by 15.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 544,534 shares of the company’s stock worth $6,322,000 after acquiring an additional 73,924 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Macy’s by 20.8% in the third quarter. American Century Companies Inc. now owns 3,287,930 shares of the company’s stock worth $38,173,000 after acquiring an additional 565,269 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Macy’s in the fourth quarter worth about $6,021,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Buying and Selling

In related news, SVP Paul Griscom sold 2,969 shares of Macy’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $20.43, for a total transaction of $60,656.67. Following the completion of the sale, the senior vice president now directly owns 21,436 shares of the company’s stock, valued at approximately $437,937.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Antony Spring sold 13,404 shares of Macy’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $20.42, for a total transaction of $273,709.68. Following the completion of the sale, the chief executive officer now directly owns 223,286 shares of the company’s stock, valued at approximately $4,559,500.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Paul Griscom sold 2,969 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $20.43, for a total value of $60,656.67. Following the transaction, the senior vice president now owns 21,436 shares in the company, valued at approximately $437,937.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 218,424 shares of company stock valued at $4,405,507. Insiders own 1.52% of the company’s stock.

Macy’s Stock Performance

M opened at $18.73 on Thursday. Macy’s, Inc. has a 12-month low of $10.54 and a 12-month high of $22.10. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 50.62 and a beta of 2.15. The business has a 50 day moving average of $19.67 and a 200-day moving average of $17.42. The company has a quick ratio of 0.39, a current ratio of 1.37 and a debt-to-equity ratio of 0.72.

Macy’s (NYSE:M) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.47. Macy’s had a return on equity of 23.34% and a net margin of 0.45%. The company had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same period last year, the firm posted $1.88 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts expect that Macy’s, Inc. will post 2.57 earnings per share for the current year.

Macy’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from Macy’s’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 14th. Macy’s’s dividend payout ratio (DPR) is presently 186.49%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on M. StockNews.com started coverage on Macy’s in a report on Wednesday. They issued a “hold” rating for the company. JPMorgan Chase & Co. increased their price objective on Macy’s from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. The Goldman Sachs Group increased their price objective on Macy’s from $16.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 price objective on shares of Macy’s in a report on Thursday, March 28th. Finally, Morgan Stanley decreased their price objective on Macy’s from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.45.

Macy’s Profile

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.