Green Square Capital buys $3,639,044 stake in Macy's (M)

Macy's (M) : Green Square Capital scooped up 6,337 additional shares in Macy's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 101,934 shares of Macy's which is valued at $3,639,044.Macy's makes up approximately 0.88% of Green Square Capital’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. boosted its stake in M in the latest quarter, The investment management firm added 130,557 additional shares and now holds a total of 351,237 shares of Macy's which is valued at $12,539,161. Macy's makes up approx 0.32% of Candriam Luxembourg S.c.a.’s portfolio.Douglas Lane Associates boosted its stake in M in the latest quarter, The investment management firm added 88,508 additional shares and now holds a total of 1,001,372 shares of Macy's which is valued at $35,748,980. Macy's makes up approx 0.97% of Douglas Lane Associates’s portfolio.Hermes Investment Management Ltd boosted its stake in M in the latest quarter, The investment management firm added 22,100 additional shares and now holds a total of 158,638 shares of Macy's which is valued at $5,596,749. Macy's makes up approx 0.11% of Hermes Investment Management Ltd’s portfolio.First Manhattan Co boosted its stake in M in the latest quarter, The investment management firm added 1,796 additional shares and now holds a total of 4,966 shares of Macy's which is valued at $175,052. Raymond James Trust N.a. sold out all of its stake in M during the most recent quarter. The investment firm sold 5,630 shares of M which is valued $193,447.

Macy's closed down -0.04 points or -0.11% at $35.83 with 66,23,028 shares getting traded on Friday. Post opening the session at $35.83, the shares hit an intraday low of $35 and an intraday high of $35.925 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Macy's reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.38. The company had revenue of $5771.00 million for the quarter, compared to analysts expectations of $5943.19 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Macy's. Shares were Reiterated by Telsey Advisory Group on May 12, 2016 to “Market Perform” and Lowered the Price Target to $ 36 from a previous price target of $44 .Shares were Reiterated by RBC Capital Mkts on May 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 35 from a previous price target of $42 .Macy's was Downgraded by Northcoast to ” Neutral” on May 12, 2016.

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.

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