2,245 Shares in Macy’s, Inc. (NYSE:M) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new stake in shares of Macy’s, Inc. (NYSE:M) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,245 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors also recently bought and sold shares of M. Barington Capital Group L.P. raised its holdings in Macy’s by 550.0% during the third quarter. Barington Capital Group L.P. now owns 650,000 shares of the company’s stock valued at $10,198,000 after buying an additional 550,000 shares in the last quarter. Lind Value II ApS acquired a new stake in shares of Macy’s in the fourth quarter valued at about $6,733,000. Retirement Systems of Alabama grew its position in shares of Macy’s by 57.9% in the third quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock valued at $12,276,000 after purchasing an additional 286,879 shares during the last quarter. FMR LLC grew its position in shares of Macy’s by 4.4% in the third quarter. FMR LLC now owns 4,691,591 shares of the company’s stock valued at $73,611,000 after purchasing an additional 195,880 shares during the last quarter. Finally, Invenomic Capital Management LP grew its position in shares of Macy’s by 32.3% in the third quarter. Invenomic Capital Management LP now owns 795,687 shares of the company’s stock valued at $12,484,000 after purchasing an additional 194,443 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

Macy’s Stock Down 5.0 %

NYSE M opened at $15.00 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average is $15.56 and its two-hundred day moving average is $15.63. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 25.42 and a beta of 2.05. Macy’s, Inc. has a 1-year low of $13.66 and a 1-year high of $22.10.

Macy’s (NYSE:M) last released its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Equities analysts forecast that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on M shares. UBS Group lowered their price target on Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. StockNews.com raised Macy’s from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Morgan Stanley decreased their target price on Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 12th. Guggenheim reissued a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. Finally, Gordon Haskett downgraded Macy’s from a “buy” rating to an “accumulate” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.75.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.