Investors sold shares of Macy’s Inc. (NYSE:M) on strength during trading on Monday. $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 research firms recently commented on M. Vetr cut 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 note on Tuesday, April 19th. Zacks Investment Research cut shares of Macy’s from a “buy” rating to a “sell” rating in a research note on Wednesday, April 27th. Morgan Stanley reiterated an “equal weight” rating and set a $35.00 target price (down from $37.00) on shares of Macy’s in a research note on Saturday. RBC Capital Markets reiterated a “sector perform” rating and set a $40.00 target price (up from $35.00) on shares of Macy’s in a research note on Saturday. Finally, Citigroup Inc. upped their target price on shares of Macy’s from $30.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $44.74.

The company has a market cap of $12.57 billion and a PE ratio of 16.34. The company has a 50 day moving average of $34.95 and a 200 day moving average of $37.77.

Macy’s (NYSE:M) last issued its earnings results on Thursday, August 11th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the previous year, the firm posted $0.64 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Analysts anticipate that Macy’s Inc. will post $3.34 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have modified their holdings of M. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Macy’s by 764.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,300 shares of the company’s stock valued at $1,934,000 after buying an additional 48,900 shares during the last quarter. PVG Asset Management acquired a new position in shares of Macy’s during the fourth quarter valued at approximately $2,441,000. 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 last quarter. 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 last quarter. Finally, 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 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.

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