Macy's (M) : Argi Investment Services scooped up 3,057 additional shares in Macy's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 52,576 shares of Macy's which is valued at $2,093,576.Macy's makes up approximately 0.20% of Argi Investment Services’s portfolio.
Other Hedge Funds, Including , Mrj Capital Inc reduced its stake in M by selling 198 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 73,967 shares of M which is valued at $2,945,366. Macy's makes up approx 1.93% of Mrj Capital Inc’s portfolio.Penserra Capital Management boosted its stake in M in the latest quarter, The investment management firm added 318 additional shares and now holds a total of 954 shares of Macy's which is valued at $37,979.Norinchukin Bank The boosted its stake in M in the latest quarter, The investment management firm added 142,618 additional shares and now holds a total of 195,313 shares of Macy's which is valued at $7,775,411. Macy's makes up approx 0.18% of Norinchukin Bank The’s portfolio. Mu Investments Ltd. sold out all of its stake in M during the most recent quarter. The investment firm sold 4,350 shares of M which is valued $155,295.Pggm Investments boosted its stake in M in the latest quarter, The investment management firm added 298,584 additional shares and now holds a total of 1,073,410 shares of Macy's which is valued at $38,320,737. Macy's makes up approx 0.19% of Pggm Investments’s portfolio.
Macy's opened for trading at $39.65 and hit $40.18 on the upside on Tuesday, eventually ending the session at $40, with a gain of 1.65% or 0.65 points. The heightened volatility saw the trading volume jump to 56,03,472 shares. Company has a market cap of $12,336 M.
On the company’s financial health, Macy's reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.48. The company had revenue of $5866.00 million for the quarter, compared to analysts expectations of $5767.08 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.
Many Wall Street Analysts have commented on Macy's. Macy's was Downgraded by Macquarie to ” Neutral” on Aug 12, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .Company shares were Reiterated by Telsey Advisory Group on Aug 12, 2016 to “Market Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $36 .
Macy’s Inc. is an omnichannel retail company operating stores Websites (macys.com bloomingdales.com and bluemercury.com) and mobile. As of January 31 2015 the operations of the Company included 823 stores with an area of approximately 147400000 square feet in 45 states of the United States the District of Columbia Guam and Puerto Rico. Of these 823 stores 447 were owned 267 were leased and 109 stores were operated under arrangements where the Company owned the building and leased the land. The Company operates its stores under the names of Macy’s Bloomingdale’s Bloomingdale’s Outlet and Bluemercury. The Company operates 13 Bloomingdale’s outlet stores. Bloomingdale’s in Dubai the United Arab Emirates is operated under a license agreement with Al Tayer Insignia a company of Al Tayer Group LLC.