Investors sold shares of Macy’s Inc. (NYSE:M) on strength during trading on Thursday. $339.22 million flowed into the stock on the tick-up and $360.04 million flowed out of the stock on the tick-down, for a money net flow of $20.82 million out of the stock. Of all companies tracked, Macy’s had the 0th highest net out-flow for the day. Macy’s traded up $5.81 for the day and closed at $39.81

M has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Macy’s from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, April 26th. Vetr cut shares of Macy’s from a “buy” rating to a “hold” rating and set a $35.17 price objective on the stock. in a research report on Monday. Sterne Agee CRT restated a “neutral” rating on shares of Macy’s in a research report on Monday, May 16th. Cowen and Company reiterated a “market perform” rating on shares of Macy’s in a research report on Saturday, June 25th. Finally, Telsey Advisory Group increased their price target on shares of Macy’s from $36.00 to $42.00 and gave the company a “market perform” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.20.

The company has a market capitalization of $12.12 billion and a PE ratio of 12.84. The firm’s 50-day moving average is $34.53 and its 200 day moving average is $37.79.

Macy’s (NYSE:M) last released its earnings results on Thursday, August 11th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Analysts anticipate that Macy’s Inc. will post $3.26 EPS for the current fiscal year.

A number of institutional investors have made changes to their positions in the stock. Bridgewater Associates LP increased its position in shares of Macy’s by 310.3% in the fourth quarter. Bridgewater Associates LP now owns 771,186 shares of the company’s stock valued at $26,976,000 after buying an additional 583,215 shares during the period. Gluskin Sheff & Assoc Inc. increased its position in shares of Macy’s by 1,844.3% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 296,626 shares of the company’s stock valued at $10,376,000 after buying an additional 281,370 shares during the period. I.G. Investment Management LTD. increased its position in shares of Macy’s by 47.1% in the fourth quarter. I.G. Investment Management LTD. now owns 389,035 shares of the company’s stock valued at $13,608,000 after buying an additional 124,619 shares during the period. BlackRock Advisors LLC increased its position in shares of Macy’s by 4.0% in the fourth quarter. BlackRock Advisors LLC now owns 2,318,377 shares of the company’s stock valued at $81,097,000 after buying an additional 88,510 shares during the period. Finally, Trexquant Investment LP increased its position in shares of Macy’s by 660.6% in the fourth quarter. Trexquant Investment LP now owns 96,600 shares of the company’s stock valued at $3,379,000 after buying an additional 83,900 shares during the period.

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

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