Macy’s, Inc. (NYSE:M) Shares Acquired by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC increased its stake in Macy’s, Inc. (NYSE:M) by 1,122.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,695 shares of the company’s stock after acquiring an additional 16,248 shares during the period. Atlas Capital Advisors LLC’s holdings in Macy’s were worth $354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glassman Wealth Services raised its position in shares of Macy’s by 154.5% during the 4th quarter. Glassman Wealth Services now owns 1,224 shares of the company’s stock worth $25,000 after acquiring an additional 743 shares in the last quarter. Lindbrook Capital LLC lifted its position in Macy’s by 253.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,317 shares of the company’s stock valued at $26,000 after acquiring an additional 944 shares during the last quarter. Riverview Trust Co acquired a new position in Macy’s in the first quarter valued at $27,000. Fortitude Family Office LLC acquired a new stake in shares of Macy’s in the 4th quarter valued at about $50,000. Finally, Covestor Ltd boosted its holdings in shares of Macy’s by 25.5% in the third quarter. Covestor Ltd now owns 4,763 shares of the company’s stock valued at $55,000 after acquiring an additional 969 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on M shares. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 target price on shares of Macy’s in a research note on Tuesday, May 21st. StockNews.com started coverage on Macy’s in a report on Thursday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. boosted their target price on Macy’s from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Finally, TD Cowen lifted their price target on Macy’s from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Macy’s currently has an average rating of “Hold” and an average target price of $17.70.

Macy’s Price Performance

Macy’s stock opened at $18.71 on Friday. The firm has a market capitalization of $5.17 billion, a PE ratio of 623.50 and a beta of 2.16. Macy’s, Inc. has a 52 week low of $10.54 and a 52 week high of $22.10. The firm’s 50-day simple moving average is $19.07 and its 200 day simple moving average is $19.30. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.

Macy’s (NYSE:M) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. Macy’s had a return on equity of 21.40% and a net margin of 0.05%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm posted $0.56 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that Macy’s, Inc. will post 2.79 EPS for the current fiscal year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.1737 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.69 dividend on an annualized basis and a yield of 3.71%. Macy’s’s dividend payout ratio (DPR) is currently 2,300.00%.

Insiders Place Their Bets

In related news, Director Jeffrey Gennette sold 30,090 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $19.66, for a total value of $591,569.40. Following the completion of the transaction, the director now directly owns 1,073,699 shares in the company, valued at $21,108,922.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeffrey Gennette sold 30,090 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $19.66, for a total transaction of $591,569.40. Following the completion of the sale, the director now directly owns 1,073,699 shares in the company, valued at approximately $21,108,922.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adrian V. Mitchell sold 13,279 shares of Macy’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.63, for a total value of $260,666.77. Following the completion of the transaction, the chief financial officer now directly owns 120,457 shares in the company, valued at $2,364,570.91. The disclosure for this sale can be found here. In the last three months, insiders sold 65,430 shares of company stock valued at $1,285,499. Company insiders own 2.77% of the company’s stock.

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.