Lebenthal Global Advisors LLC Raises Holdings in Macy’s, Inc. (NYSE:M)

Lebenthal Global Advisors LLC boosted its position in Macy’s, Inc. (NYSE:M) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,477 shares of the company’s stock after acquiring an additional 5,967 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Macy’s were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in Macy’s in the third quarter valued at about $35,000. Venturi Wealth Management LLC lifted its position in shares of Macy’s by 282.7% during the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock worth $36,000 after purchasing an additional 1,685 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Macy’s in the third quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Macy’s in the second quarter valued at $62,000. Finally, Huntington National Bank grew its holdings in Macy’s by 937.4% during the 3rd quarter. Huntington National Bank now owns 4,637 shares of the company’s stock valued at $73,000 after purchasing an additional 4,190 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on M shares. Argus upgraded shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. Guggenheim reiterated a “neutral” rating on shares of Macy’s in a research note on Thursday, December 12th. UBS Group reduced their price target on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Morgan Stanley dropped their price objective on Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.78.

Macy’s Trading Down 0.5 %

NYSE:M opened at $15.29 on Tuesday. The company has a market cap of $4.24 billion, a PE ratio of 25.91 and a beta of 2.07. The business’s 50 day moving average is $15.96 and its two-hundred day moving average is $15.83. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. Macy’s, Inc. has a 52 week low of $13.66 and a 52 week high of $22.10.

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

Macy’s Company 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.