Macy's (M) : Albion Financial Group Ut scooped up 3,364 additional shares in Macy's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 12,575 shares of Macy's which is valued at $515,072.Macy's makes up approximately 0.08% of Albion Financial Group Ut’s portfolio.
Macy's opened for trading at $40.67 and hit $41.07 on the upside on Wednesday, eventually ending the session at $41.01, with a gain of 1.16% or 0.47 points. The heightened volatility saw the trading volume jump to 26,33,208 shares. Company has a market cap of $12,737 M.
Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in M by selling 23,764 shares or 99.82% in the most recent quarter. The Hedge Fund company now holds 44 shares of M which is valued at $1,802.Carroll Financial Associates reduced its stake in M by selling 187 shares or 93.5% in the most recent quarter. The Hedge Fund company now holds 13 shares of M which is valued at $532. Integral Derivatives added M to its portfolio by purchasing 11,829 company shares during the most recent quarter which is valued at $480,731. Macy's makes up approx 0.20% of Integral Derivatives’s portfolio.Dnb Asset Management As boosted its stake in M in the latest quarter, The investment management firm added 7,900 additional shares and now holds a total of 23,038 shares of Macy's which is valued at $936,264. Macy's makes up approx 0.02% of Dnb Asset Management As’s portfolio.
On the company’s financial health, Macy's reported $2.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $1.88. The company had revenue of $8869.00 million for the quarter, compared to analysts expectations of $8831.96 million. The company’s revenue was down -5.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.44 EPS.
Many Wall Street Analysts have commented on Macy's. Jefferies Initiated Macy's on Mar 14, 2016 to “Hold”, Price Target of the shares are set at $45.Miller Tabak Initiated Macy's on Mar 8, 2016 to “Hold”, Price Target of the shares are set at $45.Company shares were Reiterated by Telsey Advisory Group on Feb 24, 2016 to “Market Perform”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .
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.