NJ State Employees Deferred Compensation Plan held its position in shares of Macy’s Inc (NYSE:M) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Macy’s were worth $232,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. raised 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 worth $7,799,000 after buying an additional 2,094 shares in the last quarter. Creative Planning raised 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 worth $567,000 after buying an additional 2,393 shares in the last quarter. Winslow Evans & Crocker Inc. raised 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 worth $164,000 after buying an additional 3,910 shares in the last quarter. Heritage Investors Management Corp raised 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 worth $571,000 after buying an additional 50 shares in the last quarter. Finally, Americafirst Capital Management LLC raised 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 worth $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.

Macy’s Inc (NYSE M) opened at 20.67 on Friday. The company has a 50-day moving average of $22.91 and a 200 day moving average of $26.93. Macy’s Inc has a 1-year low of $20.55 and a 1-year high of $45.41. The stock has a market cap of $6.29 billion, a P/E ratio of 11.15 and a beta of 0.84. Macy’s also was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 33,975 call options on the stock. This represents an increase of 489% compared to the typical daily volume of 5,766 call options.

Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.52 billion. Macy’s had a net margin of 2.26% and a return on equity of 22.37%. Macy’s’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Analysts predict that Macy’s Inc will post $3.29 EPS for the current year.

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

In other Macy’s news, Director William H. Lenehan purchased 4,390 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $22.72 per share, for a total transaction of $99,740.80. Following the completion of the purchase, the director now directly owns 5,968 shares of the company’s stock, valued at $135,592.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Gennette purchased 13,085 shares of the business’s stock in a transaction on Monday, June 12th. The shares were acquired at an average price of $22.95 per share, for a total transaction of $300,300.75. Following the completion of the purchase, 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.

About Macy’s

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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