Regentatlantic Capital LLC Has $203,000 Stake in Macy’s Inc (NYSE:M)

Regentatlantic Capital LLC reduced its position in Macy’s Inc (NYSE:M) by 64.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 also recently modified their holdings of the company. Penserra Capital Management LLC increased its stake in Macy’s by 9.5% in the first quarter. Penserra Capital Management LLC now owns 3,680 shares of the company’s stock valued at $109,000 after buying an additional 320 shares during the period. Financial Architects Inc increased its stake in Macy’s by 254.5% in the second quarter. Financial Architects Inc now owns 5,850 shares of the company’s stock valued at $136,000 after buying an additional 4,200 shares during the period. Ropes Wealth Advisors LLC increased its stake in Macy’s by 63.5% in the first quarter. Ropes Wealth Advisors LLC now owns 4,806 shares of the company’s stock valued at $142,000 after buying an additional 1,866 shares during the period. Winslow Evans & Crocker Inc. increased its stake in Macy’s by 241.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 5,530 shares of the company’s stock valued at $164,000 after buying an additional 3,910 shares during the period. Finally, First Manhattan Co. increased its stake in Macy’s by 0.6% in the first quarter. First Manhattan Co. now owns 5,076 shares of the company’s stock valued at $188,000 after buying an additional 29 shares during the period. Institutional investors own 84.21% of the company’s stock.

Macy’s Inc (NYSE:M) traded down 0.66% during trading on Friday, reaching $19.49. The company’s stock had a trading volume of 10,487,634 shares. The stock has a 50 day moving average price of $22.46 and a 200 day moving average price of $26.52. The stock has a market capitalization of $5.94 billion, a PE ratio of 8.86 and a beta of 0.84. Macy’s Inc has a 1-year low of $19.35 and a 1-year high of $45.41. Macy’s also saw some unusual options trading on Wednesday. Investors acquired 813 put options on the stock. This represents an increase of 166% compared to the average volume of 306 put options.

Macy’s (NYSE:M) last announced its earnings results on Thursday, August 10th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Macy’s had a return on equity of 21.38% and a net margin of 2.71%. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same period last year, the business posted $0.51 EPS. The company’s revenue was down 5.4% on a year-over-year basis. Analysts anticipate that Macy’s Inc will post $3.38 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on M. Cowen and Company set a $29.00 target price on Macy’s and gave the stock a “hold” rating in a research report on Saturday, May 13th. Royal Bank Of Canada set a $28.00 target price on Macy’s and gave the stock a “hold” rating in a research report on Saturday, May 13th. UBS AG reiterated a “neutral” rating and set a $21.00 target price (down from $23.00) on shares of Macy’s in a research report on Monday, August 14th. Telsey Advisory Group decreased their target price on Macy’s from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, June 7th. Finally, Citigroup Inc. decreased their price objective on Macy’s from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.74.

In other news, insider Jeffrey Gennette acquired 13,085 shares of Macy’s stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average cost of $22.95 per share, with a total value of $300,300.75. Following the completion of the acquisition, the insider now owns 89,053 shares in the company, valued at approximately $2,043,766.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Lenehan acquired 4,390 shares of Macy’s stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average cost 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 approximately $135,592.96. The disclosure for this purchase can be found here. 1.40% of the stock is owned by company insiders.

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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