Live Ownership Coverage: Macys Inc (NYSE:M) Institutional Investors Sentiment

November 25, 2016 - By kentuckypostne   ·   0 Comments

Live Ownership Coverage: Macys Inc (NYSE:M) Institutional Investors Sentiment

Sentiment for Macys Inc (NYSE:M)

Macys Inc (NYSE:M) institutional sentiment increased to 0.99 in 2016 Q2. Its up 0.05, from 0.94 in 2016Q1. The ratio is better, as 288 hedge funds started new and increased stock positions, while 305 sold and decreased holdings in Macys Inc. The hedge funds in our partner’s database now have: 248.74 million shares, down from 264.28 million shares in 2016Q1. Also, the number of hedge funds holding Macys Inc in their top 10 stock positions decreased from 8 to 6 for a decrease of 2. Sold All: 106 Reduced: 199 Increased: 218 New Position: 70.

Macy’s, Inc. is an omnichannel retail firm operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The company has a market cap of $13.87 billion. The Firm sells a range of merchandise, including apparel and accessories , cosmetics, home furnishings and other consumer goods. It has a 20.35 P/E ratio. The Company’s subsidiaries provide various support functions to its retail operations.

About 330,055 shares traded hands. Macy’s Inc (NYSE:M) has risen 9.64% since April 22, 2016 and is uptrending. It has outperformed by 4.23% the S&P500.

Analysts await Macy’s Inc (NYSE:M) to report earnings on February, 28. They expect $2.18 EPS, up 4.31% or $0.09 from last year’s $2.09 per share. M’s profit will be $679.32M for 5.10 P/E if the $2.18 EPS becomes a reality. After $0.17 actual EPS reported by Macy’s Inc for the previous quarter, Wall Street now forecasts 1,182.35% EPS growth.

According to Zacks Investment Research, “Macy’s is one of the nation’s premier retailers, operating about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Prior to June 1, 2007, Macy’s was known as Federated Department Stores.”

Macy’s Inc (NYSE:M) Ratings Coverage

Ratings analysis reveals 19% of Macy’s Inc.’s analysts are positive. Out of 27 Wall Street analysts rating Macy’s Inc., 5 give it “Buy”, 1 “Sell” rating, while 21 recommend “Hold”. The lowest target is $35 while the high is $139.0. The stock’s average target of $51.32 is 15.33% above today’s ($44.5) share price. M was included in 63 notes of analysts from July 24, 2015. Jefferies maintained the shares of M in a report on Monday, March 14 with “Hold” rating. On Tuesday, October 20 the stock rating was maintained by FBR Capital with “Mkt Perform”. The rating was upgraded by OTR Global on Wednesday, November 2 to “Mixed”. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. The firm has “Strong-Buy” rating given on Wednesday, August 12 by Vetr. As per Wednesday, February 24, the company rating was maintained by Telsey Advisory Group. The firm has “Buy” rating given on Thursday, November 12 by Stifel Nicolaus. The stock of Macy’s Inc (NYSE:M) earned “Neutral” rating by Northcoast on Thursday, May 12. The firm earned “Buy” rating on Thursday, November 12 by Northcoast. Deutsche Bank maintained the stock with “Buy” rating in Friday, October 9 report.

M Company Profile

Macy’s, Inc., incorporated on December 13, 1985, is an omnichannel retail firm operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Firm sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods. The Company’s subsidiaries provide various support functions to its retail operations. The Company’s bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service and credit marketing services in respect of various credit card accounts that are owned either by Department Stores National Bank (DSNB), a subsidiary of Citibank N.A., or FDS Bank and that constitutes a part of the credit programs of the Company’s retail operations. Macy’s Systems and Technology, Inc. (MST), a subsidiary of the Company, provides operational electronic data processing and management information services to all of the Company’s operations.

More news for Macy’s Inc (NYSE:M) were recently published by: Fool.com, which released: “1 Big Difference Between Sears and Macy’s, Inc.” on November 06, 2016. Forbes.com‘s article titled: “The Macy’s Thanksgiving Day Parade 2016 By The Numbers” and published on November 23, 2016 is yet another important article.

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