MCF Advisors LLC Decreases Stake in Macy’s Inc (NYSE:M)

MCF Advisors LLC reduced its stake in shares of Macy’s Inc (NYSE:M) by 50.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,231 shares of the company’s stock after selling 4,258 shares during the period. MCF Advisors LLC’s holdings in Macy’s were worth $72,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Man Group plc raised its stake in Macy’s by 4.6% in the 3rd quarter. Man Group plc now owns 14,814 shares of the company’s stock valued at $230,000 after purchasing an additional 655 shares during the last quarter. Groesbeck Investment Management Corp NJ raised its stake in Macy’s by 0.5% in the 3rd quarter. Groesbeck Investment Management Corp NJ now owns 168,100 shares of the company’s stock valued at $2,612,000 after purchasing an additional 800 shares during the last quarter. Wedbush Securities Inc. raised its stake in Macy’s by 6.6% in the 3rd quarter. Wedbush Securities Inc. now owns 13,018 shares of the company’s stock valued at $202,000 after purchasing an additional 807 shares during the last quarter. Coastal Investment Advisors Inc. raised its stake in Macy’s by 79.6% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 3,060 shares of the company’s stock valued at $48,000 after purchasing an additional 1,356 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Macy’s by 92.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,922 shares of the company’s stock valued at $47,000 after purchasing an additional 1,404 shares during the last quarter. Institutional investors own 91.47% of the company’s stock.

M has been the subject of several recent analyst reports. Evercore ISI restated a “buy” rating and issued a $22.00 price target on shares of Macy’s in a report on Sunday, February 9th. Bank of America restated a “sell” rating and issued a $12.00 price target (down previously from $14.00) on shares of Macy’s in a report on Thursday, November 21st. Atlantic Securities upgraded Macy’s from an “underweight” rating to a “neutral” rating and set a $18.00 price target for the company in a report on Thursday, January 9th. ValuEngine upgraded Macy’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Guggenheim restated a “hold” rating on shares of Macy’s in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.59.

Shares of NYSE:M traded up $0.22 during trading on Wednesday, reaching $16.29. 8,889,928 shares of the stock were exchanged, compared to its average volume of 12,646,831. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.16 and a current ratio of 1.28. Macy’s Inc has a 12-month low of $14.11 and a 12-month high of $26.33. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 5.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.66. The firm’s 50-day moving average price is $16.95 and its 200 day moving average price is $16.27.

Macy’s (NYSE:M) last issued its earnings results on Thursday, November 21st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.06. Macy’s had a return on equity of 17.44% and a net margin of 3.91%. The business had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Macy’s Inc will post 2.73 EPS for the current year.

About Macy’s

Macy's, Inc, an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.

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Institutional Ownership by Quarter for Macy`s (NYSE:M)

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