Enlightenment Research LLC grew its position in shares of Macy’s, Inc. (NYSE:M) by 15.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,200 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. Enlightenment Research LLC’s holdings in Macy’s were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Sciencast Management LP acquired a new stake in shares of Macy’s in the 1st quarter worth about $227,000. Aigen Investment Management LP raised its holdings in shares of Macy’s by 13.9% in the first quarter. Aigen Investment Management LP now owns 65,799 shares of the company’s stock valued at $1,065,000 after purchasing an additional 8,039 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Macy’s by 66.3% during the first quarter. Acadian Asset Management LLC now owns 3,538 shares of the company’s stock valued at $57,000 after purchasing an additional 1,410 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Macy’s by 22.2% during the first quarter. Teacher Retirement System of Texas now owns 34,659 shares of the company’s stock worth $561,000 after purchasing an additional 6,291 shares during the last quarter. Finally, CIBC World Markets Inc. grew its position in Macy’s by 17.9% in the 1st quarter. CIBC World Markets Inc. now owns 239,217 shares of the company’s stock worth $3,873,000 after purchasing an additional 36,367 shares in the last quarter. 79.76% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on M. JPMorgan Chase & Co. boosted their target price on Macy’s from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, April 19th. TheStreet raised Macy’s from a “d” rating to a “c-” rating in a research report on Tuesday, May 18th. Credit Suisse Group lifted their target price on Macy’s from $13.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 19th. Morgan Stanley increased their price target on shares of Macy’s from $11.00 to $17.00 and gave the company an “underweight” rating in a research report on Wednesday, May 19th. Finally, Telsey Advisory Group raised their price objective on shares of Macy’s from $16.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, May 19th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Macy’s presently has an average rating of “Hold” and an average price target of $14.63.
Macy’s (NYSE:M) last released its quarterly earnings data on Tuesday, May 18th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.80. Macy’s had a positive return on equity of 2.78% and a negative net margin of 1.36%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the company posted ($2.03) EPS. The firm’s revenue for the quarter was up 56.0% compared to the same quarter last year. As a group, analysts forecast that Macy’s, Inc. will post 2.15 EPS for the current fiscal year.
In related news, EVP John T. Harper sold 5,255 shares of the company’s stock in a transaction that occurred on Wednesday, March 24th. The shares were sold at an average price of $16.25, for a total transaction of $85,393.75. Following the sale, the executive vice president now owns 36,539 shares of the company’s stock, valued at approximately $593,758.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 6,112 shares of company stock worth $100,826. Insiders own 0.74% of the company’s stock.
Macy's, Inc, an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods.
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