Howard Hughes Medical Institute buys $1,464,067 stake in Macy's (M)

Macy's (M) : Howard Hughes Medical Institute scooped up 530 additional shares in Macy's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 43,795 shares of Macy's which is valued at $1,464,067.Macy's makes up approximately 0.47% of Howard Hughes Medical Institute’s portfolio.

Other Hedge Funds, Including , Plante Moran Financial Advisors reduced its stake in M by selling 25 shares or 71.43% in the most recent quarter. The Hedge Fund company now holds 10 shares of M which is valued at $334.Anchor Capital Advisors boosted its stake in M in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 139,500 shares of Macy's which is valued at $4,663,485. Macy's makes up approx 0.12% of Anchor Capital Advisors’s portfolio. Capital Fund Management S.a. sold out all of its stake in M during the most recent quarter. The investment firm sold 800,246 shares of M which is valued $28,568,782.Davenport Co boosted its stake in M in the latest quarter, The investment management firm added 9,600 additional shares and now holds a total of 35,668 shares of Macy's which is valued at $1,251,233. Macy's makes up approx 0.02% of Davenport Co’s portfolio.West Oak Capital boosted its stake in M in the latest quarter, The investment management firm added 1,688 additional shares and now holds a total of 1,808 shares of Macy's which is valued at $62,123. Macy's makes up approx 0.04% of West Oak Capital’s portfolio.

Macy's opened for trading at $34.71 and hit $35.21 on the upside on Monday, eventually ending the session at $34.75, with a gain of 1.88% or 0.64 points. The heightened volatility saw the trading volume jump to 84,47,720 shares. Company has a market cap of $10,717 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.