Macy’s Inc (NYSE:M) Position Reduced by Regentatlantic Capital LLC

Regentatlantic Capital LLC decreased its position in Macy’s Inc (NYSE:M) by 64.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,747 shares of the company’s stock after selling 15,622 shares during the period. Regentatlantic Capital LLC’s holdings in Macy’s were worth $203,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Penserra Capital Management LLC raised its stake in shares of Macy’s by 9.5% in the first quarter. Penserra Capital Management LLC now owns 3,680 shares of the company’s stock worth $109,000 after buying an additional 320 shares during the period. Ropes Wealth Advisors LLC raised its stake in shares of Macy’s by 63.5% in the first quarter. Ropes Wealth Advisors LLC now owns 4,806 shares of the company’s stock worth $142,000 after buying an additional 1,866 shares during the period. First Manhattan Co. raised its stake in shares of Macy’s by 0.6% in the first quarter. First Manhattan Co. now owns 5,076 shares of the company’s stock worth $188,000 after buying an additional 29 shares during the period. Winslow Evans & Crocker Inc. raised its stake in shares of Macy’s by 241.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 5,530 shares of the company’s stock worth $164,000 after buying an additional 3,910 shares during the period. Finally, Financial Architects Inc raised its stake in shares of Macy’s by 254.5% in the second quarter. Financial Architects Inc now owns 5,850 shares of the company’s stock worth $136,000 after buying an additional 4,200 shares during the period. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Macy’s Inc (M) traded down 0.24% on Friday, hitting $20.62. 12,497,839 shares of the stock traded hands. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 11.12 and a beta of 0.84. Macy’s Inc has a 12-month low of $20.16 and a 12-month high of $45.41. The stock has a 50-day moving average of $22.91 and a 200-day moving average of $26.93. Macy’s also saw unusually large options trading activity on Wednesday. Stock investors acquired 33,975 call options on the stock. This is an increase of 489% compared to the typical volume of 5,766 call options.

Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Macy’s had a net margin of 2.26% and a return on equity of 22.37%. The company had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period last year, the business earned $0.51 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Analysts forecast that Macy’s Inc will post $3.33 earnings per share for the current year.

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A number of brokerages recently issued reports on M. Royal Bank Of Canada set a $28.00 target price on shares of Macy’s and gave the stock a “hold” rating in a research report on Saturday, May 13th. Cowen and Company set a $29.00 price target on shares of Macy’s and gave the stock a “hold” rating in a research note on Saturday, May 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.00 price target (down previously from $24.00) on shares of Macy’s in a research note on Friday. BMO Capital Markets set a $36.00 price target on shares of Macy’s and gave the stock a “buy” rating in a research note on Friday. Finally, Deutsche Bank AG increased their price target on shares of Macy’s from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Macy’s presently has an average rating of “Hold” and an average target price of $30.84.

In other news, Director William H. Lenehan bought 4,390 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was bought at an average price of $22.72 per share, with a total value of $99,740.80. Following the completion of the acquisition, the director now owns 5,968 shares of the company’s stock, valued at $135,592.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Gennette purchased 13,085 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average cost of $22.95 per share, with a total value of $300,300.75. Following the purchase, the insider now owns 89,053 shares of the company’s stock, valued at $2,043,766.35. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

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

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