Macy’s, Inc. (NYSE:M) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc raised its stake in Macy’s, Inc. (NYSE:M) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,112 shares of the company’s stock after acquiring an additional 19,568 shares during the quarter. Impax Asset Management Group plc’s holdings in Macy’s were worth $1,407,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Barington Capital Group L.P. raised its stake in shares of Macy’s by 550.0% during the 3rd quarter. Barington Capital Group L.P. now owns 650,000 shares of the company’s stock worth $10,198,000 after buying an additional 550,000 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Macy’s by 13.3% during the 4th quarter. Allianz Asset Management GmbH now owns 3,512,142 shares of the company’s stock worth $59,461,000 after buying an additional 411,412 shares during the period. Lind Value II ApS acquired a new position in shares of Macy’s during the 4th quarter worth approximately $6,733,000. Retirement Systems of Alabama raised its stake in shares of Macy’s by 57.9% during the 3rd quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock worth $12,276,000 after buying an additional 286,879 shares during the period. Finally, FMR LLC raised its stake in shares of Macy’s by 4.4% during the 3rd quarter. FMR LLC now owns 4,691,591 shares of the company’s stock worth $73,611,000 after buying an additional 195,880 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on M. Gordon Haskett downgraded Macy’s from a “buy” rating to an “accumulate” rating in a research note on Thursday, February 13th. UBS Group reduced their price objective on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Benchmark raised Macy’s to a “strong-buy” rating in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, December 12th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price objective on shares of Macy’s in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.75.

Macy’s Stock Down 2.7 %

Shares of NYSE:M opened at $14.56 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $15.48 and a two-hundred day moving average of $15.62. The stock has a market cap of $4.04 billion, a P/E ratio of 24.67 and a beta of 2.05. Macy’s, Inc. has a 52-week low of $13.66 and a 52-week high of $22.10.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, research analysts expect that Macy’s, Inc. will post 2.39 earnings per share for the current year.

Macy’s Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.