Edmond De Rothschild Holding S.a. buys $44,048,884 stake in Macy's (M)

Macy's (M) : Edmond De Rothschild Holding S.a. scooped up 26,600 additional shares in Macy's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,106,200 shares of Macy's which is valued at $44,048,884.Macy's makes up approximately 1.41% of Edmond De Rothschild Holding S.a.’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in M by selling 871,218 shares or 53.86% in the most recent quarter. The Hedge Fund company now holds 746,239 shares of M which is valued at $29,715,237. Macy's makes up approx 0.03% of Blackrock Advisors’s portfolio. Thompson Davis sold out all of its stake in M during the most recent quarter. The investment firm sold 400 shares of M which is valued $13,900.Ridgeworth Capital Management boosted its stake in M in the latest quarter, The investment management firm added 915,709 additional shares and now holds a total of 1,554,607 shares of Macy's which is valued at $53,027,645. Macy's makes up approx 0.46% of Ridgeworth Capital Management’s portfolio.Strs Ohio boosted its stake in M in the latest quarter, The investment management firm added 13,639 additional shares and now holds a total of 22,248 shares of Macy's which is valued at $794,254.W.g. Shaheen Associates Dba Whitney Co reduced its stake in M by selling 2,615 shares or 11.25% in the most recent quarter. The Hedge Fund company now holds 20,625 shares of M which is valued at $727,650. Macy's makes up approx 0.29% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

Macy's opened for trading at $40.1 and hit $40.4223 on the upside on Friday, eventually ending the session at $40.3, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 48,63,516 shares. Company has a market cap of $12,428 M.

On the company’s financial health, Macy's reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.48. The company had revenue of $5866.00 million for the quarter, compared to analysts expectations of $5767.08 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Macy's. Macy's was Downgraded by Macquarie to ” Neutral” on Aug 12, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .Company shares were Reiterated by Telsey Advisory Group on Aug 12, 2016 to “Market Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $36 .

Macy’s Inc. is an omnichannel retail company operating stores Websites (macys.com bloomingdales.com and bluemercury.com) and mobile. As of January 31 2015 the operations of the Company included 823 stores with an area of approximately 147400000 square feet in 45 states of the United States the District of Columbia Guam and Puerto Rico. Of these 823 stores 447 were owned 267 were leased and 109 stores were operated under arrangements where the Company owned the building and leased the land. The Company operates its stores under the names of Macy’s Bloomingdale’s Bloomingdale’s Outlet and Bluemercury. The Company operates 13 Bloomingdale’s outlet stores. Bloomingdale’s in Dubai the United Arab Emirates is operated under a license agreement with Al Tayer Insignia a company of Al Tayer Group LLC.

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