The Kentucky Retirement Systems Insurance Trust Fund Buys 12,452 Shares of Macy’s Inc. (M)

The Kentucky Retirement Systems Insurance Trust Fund Buys 12,452  Shares of Macy’s Inc. (M)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Macy’s Inc. (NYSE:M) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 12,452 shares of the company’s stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. boosted its stake in shares of Macy’s by 0.7% in the second quarter. Beese Fulmer Investment Management Inc. now owns 5,998 shares of the company’s stock valued at $202,000 after buying an additional 40 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Macy’s by 0.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 26,896 shares of the company’s stock worth $903,000 after buying an additional 72 shares in the last quarter. Barnett & Company Inc. boosted its stake in Macy’s by 0.4% in the second quarter. Barnett & Company Inc. now owns 40,128 shares of the company’s stock worth $1,349,000 after buying an additional 175 shares in the last quarter. Selway Asset Management boosted its stake in Macy’s by 0.4% in the second quarter. Selway Asset Management now owns 48,500 shares of the company’s stock worth $1,630,000 after buying an additional 200 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Macy’s by 4.8% in the second quarter. Pacer Advisors Inc. now owns 6,376 shares of the company’s stock worth $214,000 after buying an additional 293 shares in the last quarter. 87.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Macy’s Inc. (NYSE:M) traded down 1.71% on Friday, hitting $44.14. 3,061,509 shares of the stock traded hands. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 20.09 and a beta of 0.77. The stock has a 50 day moving average price of $38.51 and a 200-day moving average price of $35.85. Macy’s Inc. has a 52 week low of $29.94 and a 52 week high of $45.50.

Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.24. Macy’s had a return on equity of 24.83% and a net margin of 2.63%. The firm earned $5.63 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities research analysts forecast that Macy’s Inc. will post $3.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be given a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Tuesday, December 13th. Macy’s’s payout ratio is 69.27%.

A number of research firms recently commented on M. Vetr cut shares of Macy’s from a “hold” rating to a “strong sell” rating and set a $35.17 price objective for the company. in a research report on Monday, August 15th. Zacks Investment Research upgraded shares of Macy’s from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, November 2nd. Goldman Sachs Group Inc. upped their price objective on shares of Macy’s from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, August 12th. Telsey Advisory Group upped their price objective on shares of Macy’s from $36.00 to $42.00 and gave the company a “market perform” rating in a research report on Friday, August 12th. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $40.00 price objective (up previously from $35.00) on shares of Macy’s in a research report on Saturday, August 13th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Macy’s currently has a consensus rating of “Hold” and an average target price of $42.73.

About Macy’s

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

Related posts

Leave a Comment