Tompkins Financial Corp Takes Position in Macy’s, Inc. (NYSE:M)

Tompkins Financial Corp bought a new position in shares of Macy’s, Inc. (NYSE:M) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,000 shares of the company’s stock, valued at approximately $102,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quest Partners LLC acquired a new position in Macy’s in the 3rd quarter valued at approximately $35,000. Venturi Wealth Management LLC increased its position in shares of Macy’s by 282.7% during the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock valued at $36,000 after purchasing an additional 1,685 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Macy’s in the third quarter valued at $39,000. Abich Financial Wealth Management LLC bought a new position in Macy’s in the second quarter worth $57,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Macy’s during the second quarter worth $62,000. Institutional investors own 87.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, December 12th. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Tuesday. Gordon Haskett upgraded shares of Macy’s from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on Macy’s from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 target price on shares of Macy’s in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.78.

Macy’s Trading Up 1.0 %

M stock opened at $14.00 on Friday. The business has a fifty day moving average price of $16.02 and a 200 day moving average price of $16.03. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. Macy’s, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $22.10. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 23.74 and a beta of 2.07.

Macy’s (NYSE:M) last released its quarterly 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 business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.74 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Analysts expect that Macy’s, Inc. will post 2.39 EPS for the current fiscal year.

Macy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a dividend of $0.1737 per share. This represents a $0.69 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Friday, December 13th. Macy’s’s dividend payout ratio is 116.95%.

Macy’s 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.