Macy's (M) : Hollencrest Securities added new position in Macy's during the most recent quarter end. The investment management firm now holds 42,325 shares of Macy's which is valued at $1,576,183 , the company said in a statement filed on Oct 12, 2016 with the SEC.Macy's makes up approximately 0.23% of Hollencrest Securities’s portfolio.
Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in M during the most recent quarter. The investment firm sold 29,100 shares of M which is valued $1,083,684. Contravisory Investment Management added M to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $1,014. Founders Financial Securities added M to its portfolio by purchasing 14,421 company shares during the most recent quarter which is valued at $548,575. Macy's makes up approx 0.24% of Founders Financial Securities’s portfolio.Chevy Chase Trust Holdings reduced its stake in M by selling 5,879 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 258,599 shares of M which is valued at $9,661,259. Macy's makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.Acropolis Investment Management reduced its stake in M by selling 2,185 shares or 5.67% in the most recent quarter. The Hedge Fund company now holds 36,375 shares of M which is valued at $1,358,970. Macy's makes up approx 0.25% of Acropolis Investment Management’s portfolio.
Macy's closed down -0.3 points or -0.80% at $37.24 with 38,30,653 shares getting traded on Tuesday. Post opening the session at $37.53, the shares hit an intraday low of $37.14 and an intraday high of $37.725 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 Initiated by Guggenheim to “Buy” on Sep 30, 2016. Macy's was Downgraded by Credit Suisse to ” Neutral” on Sep 28, 2016. Macy's was Upgraded by Citigroup to ” Buy” on Sep 14, 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.