Macy’s Inc (NYSE:M)’s share price shot up 5.1% on Monday . The company traded as high as $16.26 and last traded at $16.18, 16,062,739 shares traded hands during trading. An increase of 56% from the average session volume of 10,264,697 shares. The stock had previously closed at $15.39.

Several equities research analysts recently issued reports on M shares. UBS Group set a $25.00 target price on shares of Macy’s and gave the stock a “hold” rating in a report on Friday, May 17th. JPMorgan Chase & Co. lowered shares of Macy’s from a “neutral” rating to an “underweight” rating in a research note on Wednesday, August 14th. Deutsche Bank decreased their target price on shares of Macy’s from $29.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, August 15th. Goldman Sachs Group raised Macy’s from a “sell” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $21.00 in a report on Thursday, May 16th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $18.00 price target (down from $25.00) on shares of Macy’s in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.83.

The firm has a market capitalization of $5.00 billion, a PE ratio of 4.27, a PEG ratio of 0.75 and a beta of 0.63. The company has a quick ratio of 0.34, a current ratio of 1.47 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $17.88 and its 200 day simple moving average is $21.61.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.17). The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.55 billion. Macy’s had a return on equity of 18.74% and a net margin of 4.11%. During the same quarter in the previous year, the business posted $0.70 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, analysts predict that Macy’s Inc will post 2.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a dividend of $0.377 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date of this dividend is Thursday, September 12th. Macy’s’s dividend payout ratio (DPR) is 36.12%.

In other Macy’s news, CFO Paula A. Price sold 1,189 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $21.30, for a total value of $25,325.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of M. Avestar Capital LLC boosted its holdings in shares of Macy’s by 2,168.2% during the 1st quarter. Avestar Capital LLC now owns 1,497 shares of the company’s stock valued at $35,000 after purchasing an additional 1,431 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Macy’s by 646.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,501 shares of the company’s stock worth $32,000 after buying an additional 1,300 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Macy’s by 841.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,864 shares of the company’s stock worth $45,000 after buying an additional 1,666 shares in the last quarter. Bartlett & Co. LLC boosted its stake in Macy’s by 74.7% during the second quarter. Bartlett & Co. LLC now owns 1,889 shares of the company’s stock valued at $41,000 after buying an additional 808 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in Macy’s during the second quarter valued at approximately $41,000. 84.40% of the stock is currently owned by institutional investors.

About Macy’s (NYSE:M)

Macy's, Inc, an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.

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