XTX Topco Ltd Purchases New Holdings in Macy’s, Inc. (NYSE:M)

XTX Topco Ltd acquired a new position in Macy’s, Inc. (NYSE:M) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,079 shares of the company’s stock, valued at approximately $503,000.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Macy’s by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,489,334 shares of the company’s stock valued at $297,385,000 after acquiring an additional 1,379,476 shares in the last quarter. LSV Asset Management lifted its stake in Macy’s by 1.3% during the second quarter. LSV Asset Management now owns 5,374,167 shares of the company’s stock worth $103,184,000 after purchasing an additional 68,300 shares during the period. American Century Companies Inc. lifted its stake in Macy’s by 18.9% during the second quarter. American Century Companies Inc. now owns 4,704,854 shares of the company’s stock worth $90,333,000 after purchasing an additional 747,542 shares during the period. FMR LLC boosted its holdings in Macy’s by 4.4% during the third quarter. FMR LLC now owns 4,691,591 shares of the company’s stock valued at $73,611,000 after purchasing an additional 195,880 shares in the last quarter. Finally, Marshall Wace LLP grew 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 purchasing an additional 3,319,337 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Stock Performance

M stock opened at $16.57 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. Macy’s, Inc. has a twelve month low of $14.06 and a twelve month high of $22.10. The business’s fifty day moving average is $15.79 and its 200-day moving average is $16.51. The company has a market cap of $4.60 billion, a P/E ratio of 28.08 and a beta of 2.10.

Macy’s (NYSE:M) last issued its earnings results 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). The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Macy’s’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Equities research analysts forecast that Macy’s, Inc. will post 2.38 EPS for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.1737 dividend. This represents a $0.69 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, December 13th. Macy’s’s payout ratio is presently 116.95%.

Wall Street Analyst Weigh In

Several research firms recently commented on M. Morgan Stanley cut their target price on Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 price target on shares of Macy’s in a research report on Wednesday. UBS Group dropped their price objective on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research report on Thursday. Guggenheim reiterated a “neutral” rating on shares of Macy’s in a research report on Thursday. Finally, StockNews.com cut Macy’s from a “buy” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.38.

Macy’s Company 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.