Savant Capital LLC Acquires 3,985 Shares of Macy’s, Inc. (NYSE:M)

Savant Capital LLC grew its position in shares of Macy’s, Inc. (NYSE:M) by 28.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,921 shares of the company’s stock after buying an additional 3,985 shares during the quarter. Savant Capital LLC’s holdings in Macy’s were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Barington Capital Group L.P. lifted its position in shares of Macy’s by 550.0% during the third quarter. Barington Capital Group L.P. now owns 650,000 shares of the company’s stock worth $10,198,000 after purchasing an additional 550,000 shares in the last quarter. Lind Value II ApS acquired a new position in shares of Macy’s during the fourth quarter worth approximately $6,733,000. Retirement Systems of Alabama lifted its position in shares of Macy’s by 57.9% during the third quarter. Retirement Systems of Alabama now owns 782,391 shares of the company’s stock worth $12,276,000 after purchasing an additional 286,879 shares in the last quarter. FMR LLC lifted its position in shares of Macy’s by 4.4% during the third quarter. FMR LLC now owns 4,691,591 shares of the company’s stock worth $73,611,000 after purchasing an additional 195,880 shares in the last quarter. Finally, Invenomic Capital Management LP lifted its position in shares of Macy’s by 32.3% during the third quarter. Invenomic Capital Management LP now owns 795,687 shares of the company’s stock worth $12,484,000 after purchasing an additional 194,443 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Macy’s Stock Down 0.5 %

Shares of M stock opened at $15.04 on Tuesday. The firm has a fifty day moving average of $15.66 and a 200-day moving average of $15.63. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. Macy’s, Inc. has a 12-month low of $13.66 and a 12-month high of $22.10. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 25.48 and a beta of 2.05.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the business earned $0.21 EPS. Macy’s’s revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts predict that Macy’s, Inc. will post 2.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on M. Morgan Stanley reduced their target price on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 12th. UBS Group cut their price objective on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Friday. Benchmark upgraded shares of Macy’s to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $17.00 price objective on shares of Macy’s in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Macy’s presently has a consensus rating of “Hold” and an average price target of $17.75.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.