6,000 Shares in Macy’s, Inc. (NYSE:M) Acquired by Tompkins Financial Corp

Tompkins Financial Corp acquired a new stake in Macy’s, Inc. (NYSE:M) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,000 shares of the company’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of M. Marshall Wace LLP increased its stake in shares of Macy’s by 1,539.5% in the 2nd quarter. Marshall Wace LLP now owns 3,534,952 shares of the company’s stock valued at $67,871,000 after acquiring an additional 3,319,337 shares during the last quarter. Barington Capital Group L.P. grew its holdings in Macy’s by 550.0% during the third quarter. Barington Capital Group L.P. now owns 650,000 shares of the company’s stock valued at $10,198,000 after purchasing an additional 550,000 shares during the period. Lind Value II ApS acquired a new position in Macy’s during the fourth quarter valued at approximately $6,733,000. Retirement Systems of Alabama increased its stake in Macy’s by 57.9% in the third quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock valued at $12,276,000 after purchasing an additional 286,879 shares in the last quarter. Finally, Alden Global Capital LLC raised its holdings in Macy’s by 56.1% in the second quarter. Alden Global Capital LLC now owns 606,741 shares of the company’s stock worth $11,649,000 after purchasing an additional 218,146 shares during the period. 87.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Guggenheim reissued a “neutral” rating on shares of Macy’s in a research note on Thursday, December 12th. Argus upgraded shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. UBS Group reduced their price target on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Finally, StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.78.

Macy’s Stock Performance

M opened at $14.00 on Friday. The business’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $16.03. Macy’s, Inc. has a 52-week low of $13.66 and a 52-week high of $22.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 1.26. The firm has a market capitalization of $3.89 billion, a PE ratio of 23.74 and a beta of 2.07.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date was Friday, December 13th. Macy’s’s dividend payout ratio is currently 116.95%.

About Macy’s

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.