Investors sold shares of Macy’s Inc. (NYSE:M) on strength during trading hours on Friday. $102.23 million flowed into the stock on the tick-up and $125.41 million flowed out of the stock on the tick-down, for a money net flow of $23.18 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 $0.01 for the day and closed at $39.82

Several equities research analysts have issued reports on M shares. Vetr lowered shares of Macy’s from a “strong-buy” rating to a “buy” rating and set a $44.66 target price for the company. in a research report on Tuesday, April 19th. Zacks Investment Research upgraded shares of Macy’s from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, April 26th. Royal Bank Of Canada started coverage on shares of Macy’s in a research report on Tuesday, May 3rd. They set a “sector perform” rating and a $42.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating on shares of Macy’s in a research report on Wednesday, May 11th. Finally, Morgan Stanley dropped their target price on shares of Macy’s from $40.00 to $35.00 and set an “equal weight” rating for the company in a research report on Thursday, May 12th. Three analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.53.

The stock has a 50-day moving average price of $34.71 and a 200 day moving average price of $37.80. The stock has a market cap of $12.28 billion and a P/E ratio of 15.97.

Macy’s (NYSE:M) last released its earnings results on Thursday, August 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. During the same quarter in the previous year, the business earned $0.64 EPS. The business earned $5.87 billion during the quarter, compared to analysts’ expectations of $5.73 billion. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities analysts expect that Macy’s Inc. will post $3.34 earnings per share for the current year.

Other hedge funds have added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in Macy’s by 3.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 43,669 shares of the company’s stock worth $1,528,000 after buying an additional 1,505 shares during the last quarter. Westbourne Investment Advisors Inc. raised its stake in Macy’s by 39.5% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 38,992 shares of the company’s stock worth $1,364,000 after buying an additional 11,035 shares during the last quarter. Trexquant Investment LP raised its stake in Macy’s by 660.6% in the fourth quarter. Trexquant Investment LP now owns 96,600 shares of the company’s stock worth $3,379,000 after buying an additional 83,900 shares during the last quarter. BlackRock Advisors LLC raised its stake in Macy’s by 4.0% in the fourth quarter. BlackRock Advisors LLC now owns 2,318,377 shares of the company’s stock worth $81,097,000 after buying an additional 88,510 shares during the last quarter. Finally, I.G. Investment Management LTD. raised its stake in Macy’s by 47.1% in the fourth quarter. I.G. Investment Management LTD. now owns 389,035 shares of the company’s stock worth $13,608,000 after buying an additional 124,619 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.