Acropolis Investment Management buys $1,359,240 stake in Macy's (M)

Macy's (M) : Acropolis Investment Management scooped up 1,150 additional shares in Macy's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 38,560 shares of Macy's which is valued at $1,359,240.Macy's makes up approximately 0.25% of Acropolis Investment Management’s portfolio.

Other Hedge Funds, Including , Boyd Watterson Asset Managementoh boosted its stake in M in the latest quarter, The investment management firm added 3,525 additional shares and now holds a total of 15,982 shares of Macy's which is valued at $563,366. Macy's makes up approx 0.27% of Boyd Watterson Asset Managementoh’s portfolio. Factory Mutual Insurance Co sold out all of its stake in M during the most recent quarter. The investment firm sold 470,000 shares of M which is valued $16,487,600. Hefty Wealth Partners added M to its portfolio by purchasing 23,859 company shares during the most recent quarter which is valued at $836,974. Macy's makes up approx 0.68% of Hefty Wealth Partners’s portfolio. Edge Wealth Management sold out all of its stake in M during the most recent quarter. The investment firm sold 114,615 shares of M which is valued $3,938,171.Washington Trust Bank reduced its stake in M by selling 375 shares or 12.4% in the most recent quarter. The Hedge Fund company now holds 2,650 shares of M which is valued at $91,054. Macy's makes up approx 0.02% of Washington Trust Bank’s portfolio.

Macy's opened for trading at $34.59 and hit $35.36 on the upside on Monday, eventually ending the session at $35.25, with a gain of 1.64% or 0.57 points. The heightened volatility saw the trading volume jump to 54,67,732 shares. Company has a market cap of $10,871 M.

On the company’s financial health, Macy's reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.38. The company had revenue of $5771.00 million for the quarter, compared to analysts expectations of $5943.19 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Macy's. Shares were Reiterated by Telsey Advisory Group on May 12, 2016 to “Market Perform” and Lowered the Price Target to $ 36 from a previous price target of $44 .Shares were Reiterated by RBC Capital Mkts on May 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 35 from a previous price target of $42 .Macy's was Downgraded by Northcoast to ” Neutral” on May 12, 2016.

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.

Leave a Reply

Macy's - Is it time to Sell?

Top Brokerage Firms are advising their investors on Macy's. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.