Sumitomo Mitsui Asset Management Company LTD continued to hold its position in shares of Macy’s Inc (NYSE:M) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 26,085 shares of the company’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Macy’s were worth $606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. increased its position in shares of Macy’s by 0.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 263,132 shares of the company’s stock valued at $7,799,000 after buying an additional 2,094 shares in the last quarter. Creative Planning increased its position in shares of Macy’s by 14.3% in the first quarter. Creative Planning now owns 19,135 shares of the company’s stock valued at $567,000 after buying an additional 2,393 shares in the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of Macy’s by 241.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 5,530 shares of the company’s stock valued at $164,000 after buying an additional 3,910 shares in the last quarter. Heritage Investors Management Corp increased its position in shares of Macy’s by 0.3% in the first quarter. Heritage Investors Management Corp now owns 19,254 shares of the company’s stock valued at $571,000 after buying an additional 50 shares in the last quarter. Finally, Americafirst Capital Management LLC increased its position in shares of Macy’s by 169.9% in the first quarter. Americafirst Capital Management LLC now owns 9,558 shares of the company’s stock valued at $283,000 after buying an additional 6,017 shares in the last quarter. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Shares of Macy’s Inc (M) opened at 23.03 on Thursday. Macy’s Inc has a one year low of $20.85 and a one year high of $45.41. The stock has a market capitalization of $7.01 billion, a PE ratio of 12.42 and a beta of 0.84. The firm’s 50-day moving average is $22.93 and its 200-day moving average is $26.98.

Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, May 11th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.36 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.49 billion. Macy’s had a return on equity of 22.37% and a net margin of 2.26%. Macy’s’s revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. On average, analysts expect that Macy’s Inc will post $3.29 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on M shares. Vetr downgraded shares of Macy’s from a “buy” rating to a “hold” rating and set a $30.62 target price on the stock. in a research note on Thursday, April 20th. Zacks Investment Research downgraded shares of Macy’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Wunderlich reiterated a “buy” rating and issued a $24.00 target price on shares of Macy’s in a research note on Friday, May 5th. Gordon Haskett started coverage on shares of Macy’s in a research note on Tuesday, May 9th. They issued a “hold” rating and a $29.00 target price on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $27.00 target price on shares of Macy’s in a research note on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Macy’s currently has a consensus rating of “Hold” and a consensus price target of $32.11.

In related news, Director William H. Lenehan purchased 4,390 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $22.72 per share, with a total value of $99,740.80. Following the acquisition, the director now owns 5,968 shares in the company, valued at $135,592.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Gennette bought 13,085 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were acquired at an average cost of $22.95 per share, with a total value of $300,300.75. Following the acquisition, the insider now directly owns 89,053 shares of the company’s stock, valued at $2,043,766.35. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Macy’s Company Profile

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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Institutional Ownership by Quarter for Macy`s (NYSE:M)

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