Caxton Associates LLP Acquires Shares of 195,189 Macy’s, Inc. $M

Caxton Associates LLP bought a new position in shares of Macy’s, Inc. (NYSE:M) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 195,189 shares of the company’s stock, valued at approximately $2,276,000. Caxton Associates LLP owned 0.07% of Macy’s at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Macy’s during the second quarter worth $58,743,000. Schroder Investment Management Group boosted its position in shares of Macy’s by 104.5% during the 2nd quarter. Schroder Investment Management Group now owns 9,627,790 shares of the company’s stock worth $112,260,000 after purchasing an additional 4,920,821 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Macy’s by 269.2% during the 1st quarter. AQR Capital Management LLC now owns 5,229,543 shares of the company’s stock worth $65,683,000 after purchasing an additional 3,813,210 shares in the last quarter. Invesco Ltd. grew its stake in shares of Macy’s by 160.5% during the 2nd quarter. Invesco Ltd. now owns 4,283,107 shares of the company’s stock worth $49,941,000 after purchasing an additional 2,639,132 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Macy’s by 107.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,253,538 shares of the company’s stock valued at $49,596,000 after purchasing an additional 2,203,874 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on M. Telsey Advisory Group raised their price objective on shares of Macy’s from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. BTIG Research started coverage on shares of Macy’s in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. UBS Group set a $21.00 price target on Macy’s in a research note on Thursday, December 4th. Cowen restated a “hold” rating on shares of Macy’s in a report on Thursday, December 4th. Finally, Guggenheim began coverage on Macy’s in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Macy’s presently has a consensus rating of “Hold” and a consensus price target of $20.45.

Insider Buying and Selling

In related news, EVP Danielle L. Kirgan sold 85,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $23.92, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president owned 51,161 shares of the company’s stock, valued at approximately $1,223,771.12. The trade was a 62.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.77% of the company’s stock.

Macy’s Stock Up 0.7%

M stock opened at $24.18 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 0.18. The company’s 50 day simple moving average is $20.08 and its 200-day simple moving average is $15.89. Macy’s, Inc. has a 12 month low of $9.76 and a 12 month high of $24.41. The firm has a market capitalization of $6.43 billion, a PE ratio of 14.31 and a beta of 1.44.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.22. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Equities analysts expect that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be given a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, December 15th. Macy’s’s dividend payout ratio (DPR) is currently 43.20%.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.